Biggest Crash in World History in October??!!

Discussion in 'Bullion Investing' started by fretboard, Oct 4, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    Quite a click bait tagline for sure! :D According to Robert Kiyosaki this is going to be the biggest crash in world taking down Gold, Silver, Bitcoin and the whole enchilada! Quite ballsy of him but do you really think he cares if it don't happen? :cigar: Any thoughts??

    “It’s going to be the biggest crash in world history. We have never had this much debt pumped up. Debt is the biggest problem of all…the debt to GDP ratio is out of sync. So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin,” Kiyosaki said.



     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Just remember, stock market analysis has successfully predicted nine of the last five recessions.
     
  4. TheFinn

    TheFinn Well-Known Member

    Just like predicting earthquakes. You know the big one's coming, but you don't exactly know when.
     
  5. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    We are seeing a setup similar to the 1929 crash. People day-trading assets on margin, assets skyrocketing in price, a general sense of market euphoria that it will only go up, many wanting to get rich quick, etc.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    If I was a mind reader I would be a billionaire so I guess I will have to settle
    for a million...LOL , but realistically its just speculation, you can ask 10 different people the same question and get 10 different answers, what goes up must come down, so when and if things tank I will be the first one in like to buy :)
     
    daniel a DiBiasio and Dynoking like this.
  7. fretboard

    fretboard Defender of Old Coinage!

    Yes, I'd be a buyer as well along with Kiyosaki and many others! :D
     
  8. justafarmer

    justafarmer Senior Member

    After the biggest crash in world history, what are you going to use to buy Bitcoin, gold and/or silver? Certainly aren't planning on using hyper-inflated dollars - are you?
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Always use PM,S for cash storage, if you
    leave in cash you will spend it…LOL
    take it from someone that knows..LOL
     
  10. justafarmer

    justafarmer Senior Member

    So after the biggest economic crash in world history you are going to use Bitcoin, Gold and Silver to buy and load up on Bitcoin, Gold and Silver? Sounds kinda redundant to me.
     
    Mr.Q, green18 and midas1 like this.
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"


    For the seasoned investor like me, I always stay well diversified in cash,
    crypto, PM,s and stocks, never put
    all your eggs in one basket, in other
    words.
     
    fretboard, Mr.Q and imrich like this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    So, buy PMs and crypto because they aren't as good a medium of exchange as cash?
     
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes up and it goes down.
     
  14. justafarmer

    justafarmer Senior Member

    If the crash takes out the whole enchilada - I just want to know, after the crash occurs, what the dude in the video is going to use to buy the crypto, gold and silver.
     
    Mr.Q likes this.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    just be balanced in your portfolio, is all
    I am trying to say :)
     
    daniel a DiBiasio likes this.
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    Peanuts! It will be the only thing worth anything. Lol
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    How about cashew half’s …LOL
     
    fretboard likes this.
  18. justafarmer

    justafarmer Senior Member

    Wouldn't you know it. While peanuts are gaining a share of the acerage in my area; I know nothing about growing no peanuts. Nor do I have the equipment required. Soybeans, corn, cotton, rice, wheat, milo - i'd be standing in tall cotton, so to speak.
     
    Randy Abercrombie and longshot like this.
  19. imrich

    imrich Supporter! Supporter

    Yes, especially with the possible 1/20 cash reduction value of The Money Laundering Control Act of 1986 (Public Law 99-570) as dictated/implemented? recently.
     
  20. crazyd

    crazyd Active Member

    Interesting (not surprising) it goes off into political rants. Lot of prophets these days.
     
    xCoin-Hoarder'92x likes this.
  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    It’s October. I’m waiting.
     
    TypeCoin971793, Mr.Q and UncleScroge like this.
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