A few months ago I predicted the second dip coming of a double dip crash. https://communities.win/c/Conspiracies/p/19A1CCAm14/double-dip-recession--crash-inco/c
The past week or so has seen a major drop in the stock market and a major rise in risk off assets. We've seen gold for the first time in history top $3,000 nominally in spot price. Some say this is the all time high in real terms, but they are wrong. The CPI is a lie. According to my calculations the real all time high for gold is closer to $4500 in today's dollars.
So far this inverse correlation with the stock market is in play for precious metals. In this bubble economy every asset has its day. Tech stocks, real estate, even crypto had their day and reached their limits for a while. When all those numbers are going down, the flight to safety becomes another bubble in safe haven assets. The market being forward looking, this new bubble was already under way but has accelerated now, and more of the high risk "risk off" plays are taking off.
Personally I'm going to let things run for the year as the market (possibly) continues to crash and then plan a proper exit when other assets start looking like a better deal. But if the normal stock market rebounds, well I probably won't make another post about that 🤣.
Either way, praise God for another day, and remember money is just a tool to be used in His service. It is a fun game to play, but not an end in and of itself.
A few months ago I predicted the second dip coming of a double dip crash. https://communities.win/c/Conspiracies/p/19A1CCAm14/double-dip-recession--crash-inco/c
The past week or so has seen a major drop in the stock market and a major rise in risk off assets. We've seen gold for the first time in history top $3,000 nominally in spot price. Some say this is the all time high in real terms, but they are wrong. The CPI is a lie. According to my calculations the real all time high for gold is closer to $4500 in today's dollars.
So far this inverse correlation with the stock market is in play for precious metals. In this bubble economy every asset has its day. Tech stocks, real estate, even crypto had their day and reached their limits for a while. When all those numbers are going down, the flight to safety becomes another bubble in safe haven assets. The market being forward looking, this new bubble was already under way but has accelerated now, and more of the high risk "risk off" plays are taking off.
Personally I'm going to let things run for the year as the market (possibly) continues to crash and then plan a proper exit when other assets start looking like a better deal. But if the normal stock market rebounds, well I probably won't make another post about that 🤣.
Either way, praise God for another day, and remember money is just a tool to be used in His service. It is a fun game to play, but not an end in and of itself.
EDIT: inb4 "you didn't predict it, other people did". Well fine, a lot of good right wing economists saw a crash coming and I agree with them. But my victory lap is not predicated on being the only person to see it.
A few months ago I predicted the second dip coming of a double dip crash. https://communities.win/c/Conspiracies/p/19A1CCAm14/double-dip-recession--crash-inco/c
The past week or so has seen a major drop in the stock market and a major rise in risk off assets. We've seen gold for the first time in history top $3,000 nominally in spot price. Some say this is the all time high in real terms, but they are wrong. The CPI is a lie. According to my calculations the real all time high for gold is closer to $4500 in today's dollars.
So far this inverse correlation with the stock market is in play for precious metals. In this bubble economy every asset has its day. Tech stocks, real estate, even crypto had their day and reached their limits for a while. When all those numbers are going down, the flight to safety becomes another bubble in safe haven assets. The market being forward looking, this new bubble was already under way but has accelerated now, and more of the high risk "risk off" plays are taking off.
Personally I'm going to let things run for the year as the market (possibly) continues to crash and then plan a proper exit when other assets start looking like a better deal. But if the normal stock market rebounds, well I probably won't make another post about that 🤣.
Either way, praise God for another day, and remember money is just a tool to be used in His service. It is a fun game to play, but not an end in and of itself.
EDIT: inb4 "you didn't predict it, other people did". Well fine, a lot of good right wing economists saw a crash coming and I agree with them. But my victory lap is not predicated on being the only person to see a crash coming.
A few months ago I predicted the second dip coming of a double dip crash. https://communities.win/c/Conspiracies/p/19A1CCAm14/double-dip-recession--crash-inco/c
The past week or so has seen a major drop in the stock market and a major rise in risk off assets. We've seen gold for the first time in history top $3,000 nominally in spot price. Some say this is the all time high in real terms, but they are wrong. The CPI is a lie. According to my calculations the real all time high for gold is closer to $4500 in today's dollars.
So far this inverse correlation with the stock market is in play for precious metals. In this bubble economy every asset has its day. Tech stocks, real estate, even crypto had their day and reached their limits for a while. When all those numbers are going down, the flight to safety becomes another bubble in safe haven assets. The market being forward looking, this new bubble was already under way but has accelerated now, and more of the high risk "risk off" plays are taking off.
Personally I'm going to let things run for the year as the market (possibly) continues to crash and then plan a proper exit when other assets start looking like a better deal. But if the normal stock market rebounds, well I probably won't make another post about that 🤣.
Either way, praise God for another day, and remember money is just a tool to be used in His service. It is a fun game to play, but not an end in and of itself.
EDIT: inb4 "you didn't predict it, other people did". Well fine, a lot of good right wing economists saw a crash coming soon and I agree with them. But my victory lap is that I put my money where my mouth
A few months ago I predicted the second dip coming of a double dip crash. https://communities.win/c/Conspiracies/p/19A1CCAm14/double-dip-recession--crash-inco/c
The past week or so has seen a major drop in the stock market and a major rise in risk off assets. We've seen gold for the first time in history top $3,000 nominally in spot price. Some say this is the all time high in real terms, but they are wrong. The CPI is a lie. According to my calculations the real all time high for gold is closer to $4500 in today's dollars.
So far this inverse correlation with the stock market is in play for precious metals. In this bubble economy every asset has its day. Tech stocks, real estate, even crypto had their day and reached their limits for a while. When all those numbers are going down, the flight to safety becomes another bubble in safe haven assets. The market being forward looking, this new bubble is already under way and in fact began before the market crash.
Personally I'm going to let things run for the year as the market (possibly) continues to crash and then plan a proper exit when other assets start looking like a better deal. But if the normal stock market rebounds, well I probably won't make another post about that 🤣.
Either way, praise God for another day, and remember money is just a tool to be used in His service. It is a fun game to play, but not an end in and of itself.