/biz/ - Business & Finance

>>19332761
No, Ag, Au, Pt, Pd.

We never really fixed the underlying issues that allowed 2008 to happen, and we completely blew our load trying to keep it from spiraling into a depression. It worked, in that we patched the hole in the boat with paper, but the FED is basically out of ammo, and all they have left is money printing.

Right now, the dollar is maintaining its value despite all the BRRRR because foreign demand is so high, and its still basically the world reserve currency. This is deflationary, and the last time the dollar got this strong compared to foreign currency was 1929. Once the foreign demand tapers off, they're still going to be doing full bore QE and that's when the inflation hits home and starts taking off. Prepare to see people and wealth fleeing into perceived safehavens.

I honestly hope to rumors about JP Morgan buying all that silver on behalf of the US gov and storing it in military bases, or $600 trillion in gold being seized, and a PM backed federal crypto are real, because if we don't have something to move to when the USD finally goes tits up, a lot of stupid, angry people are going to take to the streets when they wake up and find that not just the housing bubble, but all bubbles, and all economic output is now burning to the ground.

>>19103468
FYI zoomie zoom zoom, boomers don't actually like PMs. If they have any investments in metals its all in paper ETFs. They're all sold on mutuals that will get obliterated at the drop of a hat. Remember all those people that got their 401ks wiped out in 2008-09? Well they didn't learn their lesson, and they kept investing the same way they did before.

TLDR; you talk like a fag and your shit's all retarded.

>>19084491
>>19084564
That's fake news, JPM don't hold onto any physical bullion, they purchased it on behalf of someone else.

>>18872913
Agree. Deflation is happening while countries inflate their currencies. Cash is and will be king, especially the US dollar for the next few years. People will sell everything for even small amounts of cash (think US Great Depression). As governments print to keep running, confidence will be lost and an even greater demand for US dollars will arise as it will inflate the slowest because it can print away other nations wealth as the reserve currency. This will make America ultra wealthy and cause the resentment and anger that will be justified for WWIII. Then the US will hyper-inflate (think Weimar Republic) and the real financial collapse/ cataclysm begins. Keep stacking but we still have some time and it's gonna be a wild ride.

dig this up

can someone redpill me on this anon's claims? Could it have a chance to be legit or is it just schizo rambling?