So is this legit or nah? I really don't know enough about finance or anything to know, but it scares the shit out of me.
https://youtu.be/QT1suJ9cYI8
Pic related is my plan if this happens.
>zerohedge
>whygoldandsilver
closed [X]
>>1055044
Does that mean not legit? I'm frightened anon-kun
Please business wizards tell me why this is not real
>>1055053
Just your normal run of the mill fear mongering. Gold shills have been predicting market crashes for years.
>>1055081
You realize that the entire market is only being propped up by corporate welfare at this point, right? It's happening at both the federal and state level where they're actively squeezing you to preserve the massively overvalued positions on the markets. That's why everyone has been so consistently doom and gloom.
>>1055086
who is everyone ?
>>1055087
Taxpayers that don't own equity investments.
He's not wrong, but he isn't right yet either.
Its true that Mike Maloney has been talking about the next crash for a while, but I dont think he's actually said "ITS HAPPENING BEFORE"
Here is what you have to understand though:
Those who tend to be bullish never predict the recessions, and those who are bearish never predict bull markets.
You really just have to read everything you can get your hands on and make the decision for yourself.
>>1055104
Ill also add that, though bears have been wrong about everything going to shit, theyve also been right in a lot of ways, like predicting the perpetual nature of low interest rates and QE, and predicting that the Eurozone crisis is far from being solved and is still unfolding.
I cant tell you how many times over the past 5 years I heard some news anchor say "The debt crisis has been resolved."
No, chill out. Pic related.
>>1055109
What does this mean? I only took a basic HS economics and finance course a few years ago.
>>1055104
Maloney called 2008 bang on though and there's video evidence of him on tv warning everybody.
>>1055035
https://www.youtube.com/watch?v=easuUdhW4X0&ab_channel=TheDollarVigilante
Here is a 1981 interview with Doug Casey on Donahue. Casey is another "everything is going to collapse buy gold" type of guy. Recomending people to buy silver at $23 an ounce at the time.
Fear mongering is a great business, for the fear mongerers. They sell their books, do talks, earning lots of cash with it. But to invest, based on the premise "some day everything is going to collapse" is a sure way to stay poor. "Some day, something bad will happen" is not an investment thesis.
