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I've been here about 15 years and I've heard from goldbugs the...

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14/01/24

08:59

Post #: 71868756
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Originally posted by ghostwriter: ↑

The thing is this - they never took their medicine in the GFC and let the bad money and bad businesses get washed away. Cycles are like that they come and go in a free market system. Nah these guys said we'll protect what we've built and corrupt the money supply to support chronyism in banking in particular. They had another chance in the numeric cycle timeline to allow it to go whoosh again in 2017 - but they stepped up and propped up again.
Again corrupting the cycle.
As you can see now from the unrealised gains/losses chart the stinking pile of mess is going exponential. When it goes bust - and it will - don't be left holding any of those tech stocks in particular that think they are the chosen ones.
By my analysis I see 2024/25 as the next chance to clean the slate - triggered by another banking crisis.
You think a 40-50% loss in your super fund was bad enough in the GFC - await this next monster.
Holding physical never got more important

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I've been here about 15 years and I've heard from goldbugs the entire time that the world economic system is collapsing. But it hasn't.
Some of the original goldbugs who engaged in the debate are no longer with us.

Meantime house prices have boomed, and those that own multiple properties have got rich.
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0 Great analysis

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