Precious Metals And The Coronavirus

My 2 cents, I live in Southwest MO, we have I believe, 2 confirmed cases in Kansas City and St Louis, my schools Spring Break is next week, they plan to do extensive cleaning and disinfection of all the schools. Rumor is that the Superintendents of local schools are meeting discussing contingency plans. And I'm doing a bit of research looking at financials and bullion to see what's gonna happen. Cheers!

 

Log in or Sign up to hide this ad.

Eh, down to 32 today, so I was even stupider I bought even more.

Rule of thumb is your best investments are usually the one where you are disgusted with yourself. Well, I am getting pretty disgusted, but will stay the course.

 

The drop in gold prices is interesting...

https://www.kitco.com/news/2020-03-...ndexes-lock-limit-down-liquidity-worries.html

I wonder if this could set up a gold "bounce" once the crisis eases and buyers replenish their inventories.

 

I realize some think it will be over in 3 months. I would be happy if it did, but I highly doubt it and would not expect long term increase when a bounce comes. IMO, Jim

 

You should use Doug as an example. He understands that, as a Moderator, he has a responsibility to lead by example. If fact, I have no idea what Doug's politics are...and don't care.

I don't care if you get political as long as you don't use your influence of a Moderator to quell dissent. You should probably stop commenting altogether until you can get control of yourself.

 

Yakpoo, I do not think you realize what post I removed. It had nothing to do with anything still remaining on the thread. Not you or even Doug knows my politics and political comments that are removed come from both sides. I do not care you don't believe it, that is true freedom. And I will be here until either Doug or myself decide to alter the situation. My quote above stands. have a nice day. Jim

 

Where are the stock market Propagandists to tell you to stay the course ? I wonder how many of their Clients they left holding the bag... Down 20, 30% ? Because like they write here, it is up up up forever...

Wait until this plays out and The FED prints an additional 10T added to OUR debt. The PEOPLES Debt while the Banksters... walk away pocketing billions and you lose because Inflation grows yearly at 6%. Go ahead, keep supporting those stealing from you. Especially those retired and think things are like they have always been. Their retirement Pension is OK right now, but just lost a ton of money. 90% of pensions will take a large hit, cut backs to all participants within 5 years. Why ? Thank a bankster ! The people you put in charge

 

I am not being Negative, just telling the TRUTH ! and this is NOOT only because of the Virus. If we were FINANCIALLY SOUND as a country qwithout DEBT and the ECONOMY was HONESTLY GOOD this would be easy to handle. In place, EDITEDexplain to people DONT WORRY. We are not prepared because of the wealth transfer over past 35 years.

 

<waves hand>

My 401(k) (actually a 403b) lost between 40% and 50% of its value during the 2008 crash. It regained all that and more over the next few years, and the money I put into the account during and after the crash increased proportionately as well.

Individual stocks can go to zero, but the market isn't going to, not ever. Yes, the dollar will be worth less the more we print, but equities grow beyond that, because they capture actual production of actual human endeavor. Even if "the banksters" or some other Them are skimming off the top -- and, yes, there are always people skimming off the top -- the leftovers they grudgingly hand down still perform consistently better than a pile of shiny metal.

Now, if you were leveraged, or if you were equity-heavy at a time when you need to be making withdrawals, well, this is the risk that everyone warned you about.

 

Leverage only when you know exactly what you are doing , and are playing with "play" money you can afford to loose and still pay your bills.

 

"But I turned my $1000 of play money into $10000 (on paper)! I'd be nuts not to do the same thing with my whole 401(k)..."

 

I know a guy who married a plain woman and decided he could do better by repeating the move, .....oh you know the ending .....

 

Beyond water, and paper goods (TP) there are reports (Including from one family member) that food is dwindling in some shops - canned and frozen - stuff you can stay inside with for a few weeks. I dont see this lasting - the USA is food central in the world and we also make all our own TP and have plenty of trees. But if access to shops get controlled in areas or hot spots, you want it inside your home. Gold and stocks matter not in the short term with this panic.

 

Reports are in that there is a huge run on lead and long guns. Foolish people wait till now to prepare, lol.

 

Foolish people believe we're living in a zombie apocalypse.

 

Most are just ignorant of science and are afraid, and a new situation in life. Young people feel invincible and older people have been through such before vaccines and antiviral medications, so its the middle agers that are most frantic. IMO, Jim

 

Those ill prepared prior, will remain ill prepared during.

 

Think Y2K

 

Y2K was a theory. Never materialized.
The run on every item in supermarkets from coast to coast and border to border is a reality. YMMV and I applaud your rainbows and unicorns optimism.

 

shelves are full here.