Can't see NST holding its share price, page-175

Unusual situations like these need to be analysed from outside the box. The value of every asset is just relative to the assets around it. Gold is a tangible asset, you can hold it touch it and short of subjecting it to a nuclear reaction it can not be transmuted into anything else. I think its value will outperform most other asset classes during this crisis but that doesn't mean its absolute value will necessarily increase. Stocks are not tangible assets, although they are often backed by tangible assets, their values are set by expectations of future events which haven't happened yet.

Can anyone really predict what will happen in the future, particularly at the moment when the financial system is suffering incredible strain and central bankers are floating all sorts of odd ball ideas to try and stabilise the system. Just yesterday Jerome Powell was floating the idea of eliminating bank reserves altogether, suggesting that banks could dip into these reserves to plug holes. That's the contempt the Fed really has for the people to suggest that the only thing that "guarantees" their savings be used to solve the problems they created.

Frankly under these circumstance I would stay away from all intangible assets unit further notice and the banking system altogether and that includes gold stocks as they are just more paper. It is my belief that we have only gone through stage one this crisis. Stage two, pray it doesn't happen, are bankruptcies and the bankruptcies also of some major financial institutions. If this happens the picture will start changing rapidly once again. I'm absolutely sure that government officials and central bank officials will already be running around behind closed doors trying to plug holes in these failing companies/institutions on the quite, because they know that these bankruptcies are really going to shake people's confidence, at a time when people are already scared and confused.

You ask where to park cash. This might sound inane but if you need a new dining table go and buy one because after the bottom is found in this rout, and after the stock markets shut their doors, your dining table will still be a dining table and its relative value against all other things won't have changed much. You won't be able to say the same for other obscure things like ETF market matching products dreamt up by banksters. These ETFs may close or not even exist if this situation gets much worse, ie those little green and red bars that bounces around to track your gold stocks and excite the Pavlov's dog responses in the hearts of speculators could be a thing of the past like many other useless bankster inventions.Esh