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Aqua65

5,102 Posts.

3093

01/04/19

10:47

Post #: 37947997
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Originally posted by slay22: ↑

Let's see what happens during next recession. Convenient that post GFC gold was upgraded to tier 1 and Basel iii was developed. Since then there's been record gold hoarding since the 70's.

We know what happened to gold during the GFC and .com bubble and we're well overdue for another recession. But yeah gold will float around and do stuff all this next recession.

Debt is a huge global issue and Basel iii is also increasing the % of assets bank need to hold, so there will likely be a few banks going bust during next recession too. The global economy is in shambles with ridiculous debt, low interest rates and next QE around the corner.

I'll stick with my thesis rather than the naysayers. All the naysayers can reference is the last 8 years since the confession of PM manipulation haha

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Just watched John Kaiser - worthwhile :
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