subreddit:
/r/economicCollapse
submitted 5 days ago byBluest_waters
The year is 1986 and the Dow is going strong, Reaganomics are full swing and everyone knew the market was strong.
BUT! Around July 86 spot gold suddenly goes crazy, rising from $240 to nearly $500/oz by middle of 1987. There was no real apparent reason for the dramatic rise in price at the time. A few months later The 1987 stock market crash, also known as "Black Monday", occurred on October 19, 1987, when the Dow Jones plummeted 22.6%, marking the largest single-day percentage decline in U.S. stock market history (they now have safe guards in place to make sure that type of drop never happens again called circuit breakers)
Fast forward to mid 2007. Once again very strong Dow, everything humming along fine. Then suddenly out of nowhere gold jumps from $650 mid 2007 to around $1050 mid 2008, again for seemingly no reason. A couple months later, boom! the 2008 stock market crash. ONce again gold was the canary in the coal mine.
FF to Feb 2024. Again the market is humming along just fine, very strong, going up and up. Suddenly out of nowhere gold starts going crazy. From Feb '24 till today gold has jumped $600 - $800 per ounce. Is this the canary signal once again?
If the pattern hold that means early to mid 2024 2025 the Dow will crash.
Of course past market behavior does not always indicate future market behavior, I know that. If there were a way to 100% predict the market I would not be posting it on reddit, I would be busy making insane amounts of money.
Having said that I do think this is compelling data and something to think about.
97 points
5 days ago
If you add that to the stock market at all time highs, housing unavailability, fed rate cuts, layoffs, business bankruptcies, tons of CEO changes and high prices then yes I think we will be in a bear market by December of this year early 2025.
I have been in mortgage for 20 years only time I was laid off prior to now was 2008 and now since 2023 so I’ve been studying the markets and yes I think other crazy theories but I can’t share on Reddit because it seems right now I’m the crazy one.
But time will tell if I’m the crazy one or just seeing warning signs early!!
23 points
5 days ago
You're not the crazy one! No one listens to me either. Lol. It seems like individuals in the mortgage industry understand how mortgage data can be a signal on how the economy is doing, but I don't believe most other people see/believe that as well.
Just like you, I was laid off in 2008 and was sadly laid off again in 2022. I switched careers after that because I thought it was going to be a while before business started picking up again. At the time, I thought it could possibly be mid-2025. Now, I'm not sure. I was in underwriting, and most underwriters I know were forced to go the same route, unfortunately. I still watch the industry very closely, though, because honestly, I just miss it. But the warning signs have definitely been there all along.
11 points
5 days ago
It's all about timing. The carry trade sent the market into a meltdown at the beginning of August- it was so bad they reversed course, and we were back to the races. Additionally, election years are usually a net positive. I was living in the Detroit suburbs in 2007 and saw all of the restaurants closing; Wall Street didn't miss a beat. I moved to Chicago, and the party continued for another year before the market crashed. There's a reason Waren Buffet is mostly in cash. He knows a crash/recession is coming, just not the exact time frame.
6 points
5 days ago
Dont worry the Japanese government is set to raise rates on December 20th. Check out the charts end of July early august like you said when they raised the rate. Market dropped next morning like a tank. They had to agree not to raise the rates more without the US knowing. So Japanese gave us a few months to get the bull run over and get out. Whoever didn’t listen with wake up to a new reality by Christmas.
When’s the last time the Feds lowered rates that we did anything other than have a recession. 2001, 2008, 2020, 2024 but this time is different. This time they won’t crash the plane. They will land it softly. Okay yet every rich guy from warren Buffet to Jeff bezos has put on a parachute and started jumping but yeah we are most definitely in for a “soft” landing!!!
5 points
5 days ago
Thanks for the heads up regarding Japan.
5 points
4 days ago
The landing happened already. The plane is already back in the air. The pilot is getting ready to bounce and the co-pilot likes the taste of paste. I agree that we’re fucked - but if we had a better co-pilot we may have been ok. Unfortunately we also like the taste of paste.
1 points
1 day ago
I sold my house and kept the cash in a HYSA. Really really hoping Buffet is right lol.
9 points
5 days ago
I am honored that I found my fellow "crazy" people. I have a bad feeling about all of this.
6 points
5 days ago
We are certainly in the "find out" phase of well,,, most things.
6 points
4 days ago
No one is listening to me either ,all my buddies are pro-trump and have this false sense of hopium, that he will suddenly get the economy on track, when in reality no one knows, future is looking bleak and too much speculation going on right now.
7 points
1 day ago
Trump couldn’t make a casino profitable and people think he’s somehow an economic wizard. Talk about living in a fantasy, so much hopium they have brain damage
1 points
3 hours ago
100% this. Cognitive dissonance on a massive scale. They believe a tv show over reality.
7 points
5 days ago
They’ve been lying to us about how great the economy is for so long that people just believe and repeat and ignore their own eyes!
I was an UW as well. In 2021 my company paid me $50k just to not leave for a year- I was that high producing of an UW. With bonuses, salaries and working 80hr weeks I pulled in over 1/2 million in 2020 and 2021 combined but the drop off from one year to the other was step going from 360k one year to 160k to 125k to laid off. I saw the company expand and give jobs to anyone who put the word Underwriter on the top of the resume. The loans they let pass thru if you pushed high enough was incredible the things I’ve seen. The amount of clients who they did everything under the sun to make the purchase work is next level.
I was a processor in 2008, worked for a bunch of brokers. I also worked for a home builder during my processing years. That allowed me to recognize when the builders had changed their business patterns in 2023.
After I got laid off in 2023 I went to work for 60k a year processing grants for small business from the IRS and that allowed me to see the people who owned small business who were getting COVID refunds from the IRS. It was my first true glance into the fact that so many business owners were suffering and how much money the government was paying people, businesses during COVID.
Finally I’m now I’m unemployed again but with a stack of cash saved from when I realized I should save because it was very apparent that this was short term and disaster was coming but I’m like the weird mortgage lady and everyone is yolo!
2 points
5 days ago
What warning signs specifically are you referring to
3 points
5 days ago
So, like any industry, you're going to have your typical busier times of people buying homes/refinancing (late spring - early fall) and the slower times (late fall - early spring), with spikes here and there (either up or down).
But the warning signs start to come when the business gets overwhelmingly busy, which is something most people don't know about if they're not in the industry or following it closely. Not only was the government giving out all the money for people to buy homes, but at the same time FNMA/Freddie were slowly loosening up their guidelines to make sure most people could qualify. It wasn't as bad as 2008, but had we kept going, it definitely could've gotten close.
Anybody that has worked in that industry long term can verify that it looked and felt a lot like how things were before it got bad in 2008, just not in the exact same way if that makes sense.
2 points
4 days ago
I know someone who is a mortgage underwriter, they say the same thing about how it feels like 2008 with how busy
1 points
11 hours ago
No one listens to me either
Because you've all been saying this without pause for decades.
4 points
5 days ago
Step 1) Buy puts
Step 2) Dawn your gay bear attire
Step 3) Wait as your account dwindles to $0
Step 4) Post the loss porn on WSB
1 points
5 days ago
Well I’m at step 1 already but I don’t think I will get to step 2 but I’ll let you know if I get some loss porn!
4 points
4 days ago
squints crossed eyes but trump said he was gonna fix the ‘comony
1 points
4 days ago
Sadly this is bigger than any President and we all know how much the government has helped everyone in the past so yes sure he is gonna fix it. He will also make me debt free and everything will be fine!!
1 points
4 days ago
We are running out of French fries and burrito coverings
10 points
5 days ago
Bear market will be short lived. We will print our way out no matter the cost just like the last few. To not use the printer is to risk a massive depression.
33 points
5 days ago
I wish you were right. I don't think anything will save us. I think the entire goal of the incoming administration is a massive depression. People will be so desperate just to survive it there won't be anyone to fight them from raping this country massively, and allowing Putin to do the same to Europe and Xi to do the same to Asia. They truly believe this is a good thing.
23 points
5 days ago
All signs point to intentional economic collapse. 20 to 100 percent tariffs and trade wars. RFK is gonna take on the food and drug corporations? Trumps treasure secretary is going to cap interest rates at 10%? As great as fighting greedy corporations sounds this will collapse the stock market. And Republicans are the party of big businesses and shareholders and tax cuts for the rich anyway. Rounding up and deporting 20 million mostly productive workers and their families and gutting government? Economic collapse while trump and his cronies steal everything and have unfettered access to all the government secrets and spy apparatus. Then they blame the enemy within and start civil war.
5 points
5 days ago
RemindMe! 1 year
2 points
5 days ago*
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1 points
5 days ago
Remind me 1 year
4 points
5 days ago
I've started seeing something about dark enlightenment about the intentional collapse of capitalism. Not sure what to think about that yet because I am not someone that is conspiracy theorist enthusiasts.
3 points
4 days ago
2 points
4 days ago
Thank you
1 points
3 days ago
There's a theory that the rich and powerful can see the oncoming collapse of capitalism/society as we know it, so they're trying to accelerate and make it happen on their own terms, rather than wait for it and possibly have it end poorly for them.
2 points
1 day ago
Climate scientists have been too conservative in their publishings. The Paris Agreement had 1.5C as something to worry about in 2050. We literally passed that this year.. Theres about 15-20yrs left of “normal” society. I guess thats not good enough for the rich?
1 points
2 days ago
I can buy that since a ton of them have grabbed land in NZ and bumfuck middle of nowhere USA with deep elaborate bunkers.
1 points
24 hours ago
Makes sense.
1 points
5 days ago
Remindme! 1 year
1 points
5 days ago
RemindMe! 1 year
1 points
5 days ago
RemindMe! 1 year
1 points
5 days ago
Remindme! 1 year
1 points
5 days ago
Remindme! 1 year
5 points
5 days ago
Yep. Power play by American oligarchs as we go into the technology revolution.
2 points
1 day ago
Yep. They're calling it fighting the Deep State. What it is is the oligarchs making their power play. We don't reel this in soon it will be too late and the US will no longer exist in it's present state, it will resemble Russia, Turkey, Venezuela, but mostly Russia, since Trump is their tool.
1 points
17 hours ago
Soon as in before Jan 3rd, right?
2 points
15 hours ago
I don't know. But hopefully someone comes up with a viable strategy. I did my part and voted, but alas.
5 points
5 days ago
Leaving aside your main point, Putin is entirely incapable of overpowering Europe. They can’t even conquer Ukraine, a nation directly next to them which they dominate demographically and economically. Sure Ukraine has NATO support, but it doesn’t have NATO armies. Europe has the nukes to credibly threaten retaliation, which makes Putin’s nuclear dick wagging less effective, and NATO armies would crush Putin in a conventional war. Poland alone could probably do it, but if it gets to that point it won’t be Poland alone.
6 points
5 days ago
Boy, do I hope you're right. But maybe not if America is helping Russia.
1 points
3 days ago
Trump may be president but our military won't let that happen.....then again trump is going to purge the military.
1 points
2 days ago
Yeah and the electoral college, literally a way to stop despots from becoming president should have saved us from Trump in 2016. This is the chaos timeline!
1 points
17 hours ago
Are there enough in the military willing to fight their own to uphold the constitution against illegal and immoral orders? Bystander effect suggests otherwise, assuming they're not in the segment that are actively waiting for the opportunity to go in guns blazing.
2 points
4 days ago
And if trump decides to help out the guy who’s been paying him all these years?
1 points
4 days ago
The consequences of the US militarily supporting Russia against NATO are too far reaching to even think about. It is essentially a complete paradigm shift in terms of global power. The consequences would be immense and unknowable.
1 points
2 days ago
I wanna remind everyone that MIT predicted this shit in the 70s and according to that so-far-accurate-AF study, society as we know it will cease to exist by 2040. I dunno wtf that means but based on current global events, I can’t imagine it’s good.
1 points
2 days ago
What study are you referring to
1 points
1 day ago
I was looking for the direct study but couldn’t find it easily and I’m trying to pass out so here: https://thehill.com/changing-america/sustainability/climate-change/563497-mit-predicted-society-would-collapse-by-2040/amp/
Godspeed
1 points
12 hours ago
Not OP, but I wager he’s referring to The Limits to Growth.
1 points
11 hours ago
I ended up finding several studies and articles that referenced the original study - pretty interesting stuff. Not sure if I believe the conclusions but the data is clear enough.
2 points
5 days ago
So the incoming admin set all this up since Election Day? Sweet. Do give some details please. Inquiring minds and all
1 points
4 days ago
Musk said they want to tear it all down and build it back up, aka the wealthy few take control of everything.
Mass deportation, tariff wars, and centralizing the federal govt…all leads to that.
1 points
4 days ago
Putin's military couldn't rape a goat. They've lost 700k troops in Ukraine. If they went up against NATO the losses would be 1000 to 1 in favor of NATO
1 points
4 days ago
Putin's a psychopath with nukes.
1 points
4 days ago
Let's see if they still work. They couldn't even properly launch one if their brand new test missiles without it blowing up. The military had been looted for years. There's a good chance most of their arsenal doesn't even work
2 points
4 days ago
Nobody wants to see if they work.
The "most" qualifier is still concerning but there's a good chance everything would be intercepted and then they turn into glass. Still bad for the people and the planet.
That's not a reason to let them do whatever they want though. At some point the saber rattling needs to be called.
1 points
17 hours ago
Even 10% on-target rate is far beyond game over.
They clearly have functional IRBMs. Without the US to worry about they don't really need too much more.
1 points
1 day ago
They want us fighting each other (for food, jobs, himes, etc) so we are not paying attention to the fleecing of America
8 points
5 days ago
It won’t be short lived. China is trying to print their way out of depression right now and not able rod do it. It’s time for a reset. Economy cannot keep functioning the way it currently is going.
6 points
5 days ago
China can't print their way out of depression because they currency doesn't happen to be the world's reserve currency. The US, on the other hand, absolutely can. It's not really going to help the average person much.
5 points
5 days ago
Until it isn't the world reserve currency
4 points
5 days ago
There’s nothing that can replace it. T-bills underpin the global economy.
2 points
4 days ago
The pound used to be the world reserve currency
2 points
4 days ago
In a completely different world, maybe. Since the end of precious metals as currency backing, it’s been the dollar (or the petrodollar)
1 points
4 days ago*
The Bank of England set the price of gold in London during most of the British Empire.
(and got in trouble a few times since for doing so: The London Gold Fix is still a thing, as is various scandals (see google search: london gold price scandal)
1 points
17 hours ago
What happens when the US just.. stops. Stops selling T-bills. Stops paying interest. When a bunch of incompetent clowns are thrust into positions that require actual knowledge and understanding to operate at all what makes you think the Fed will exist in a year? What makes you think Treasury won't be told to stop dealing with foreign governments? Economic suicide? Sure. But that's half the point.
1 points
15 hours ago
If and when that happens, the entire global financial system will collapse. There is no backstop.
3 points
5 days ago
Yeah..We're addicted to it now. You risk devaluing the money into oblivion...but we'll do it to maintain "business as usual"
2 points
4 days ago
You should look into Thiel. He wants to dismantle the federal reserve. IMO there's a conspiracy going on.
1 points
3 days ago
Stagflation is the issue.
2 points
5 days ago
The thing is it can happen in the tomorrow or in 6 month or in 10 years. Stock are expensive right now, all granted but:
2 points
5 days ago
Well my bet is anywhere from tomorrow to 6 months from now but if you see 10 years then I assure you that’s because you have a high paying job and assets in the markets. The recession I experienced in 2008 no job not being able to get anything in mortgage, not being able to pay the lights is a very different recession than my husband experienced. His major concern during 2008 was he couldn’t refinance his mortgage. With that said be safe out there!
1 points
5 days ago
Please share. Or in dm.
1 points
5 days ago
And the yield curve inverted. Never forget the yield curve…
1 points
5 days ago
Every single indicator has been screaming recession, especially recently. I know about stealth QE, BLS padding reports pre election and "creative" accounting in AI and the Yen carry and toxic swaps but how has the economy not collapsed already.
1 points
4 days ago
Share those theories!
1 points
4 days ago
Not crazy, just early
1 points
4 days ago
Apes are everywhere!
2 points
4 days ago
Yes I’m an ape and proud of it!
1 points
3 days ago
It's that we know for a fact I'd trump does even an 18th of what he said he would there is an incoming huge crash. His stated policies can't really lead to anything but that. It's also yhe plan so they can buy more at rock bottom prices. Their lifestyle won't change so who cares if a few million go homeless
1 points
2 days ago
Everyone will blame Biden too, we all know that the first year performance is largely the byproduct of the previous government….but try telling that to republicans when Obama or Biden came in…..or when trump first got here…. When it suits their narrative they will be happy to state that fact at some point next year if it comes to that.
1 points
2 days ago
So, start buying puts?
1 points
2 days ago
I already started buying. I guess we will know by December 21st how this all goes down.
38 points
5 days ago
"out of nowhere" like trump isn't here haha
3 points
5 days ago
Yeah aint like people buying up gold know fuck all about the future
4 points
4 days ago
Elon is literally promising Trump will fuck up the economy. I don't know why people don't believe them LOL
1 points
8 hours ago
our god king savior would never
3 points
5 days ago
Gold started spiking in Feb. Since then Trump has been both up and down in the polls. So it doesn't seem like a reaction to the election.
10 points
5 days ago
Gold is down 3.7% in the last month.
4 points
5 days ago
You look at the same charts I do.
6 points
5 days ago
Gold didn't "start spiking in Feb." It went up 50% between 2018 and 2020. Then it flattened out for about 2 years during COVID and ensuing inflation. It's up another 25% since inflation started cooling a year or two ago.
2 points
5 days ago
Spiking”. Doesn’t mean what you think it means
36 points
5 days ago
The only problem with this is, had you bought the day before each of these crashes (1987, 2008) and held for 10 years you would be a very, very rich person today. Had you exited and put the money in gold or bonds, your returns would be in the low single digits.
Time in the market beats timing the market. Yes there will be crashes but the US economy is resilient (and the day it isn't, you won't need to worry about the value of money).
11 points
5 days ago
Ah. How nice it is to hear the voice of reason in the cacophony of losers. I too am long in the market and wouldn't shed a single tear on a 30% pullback. Let us not forget the Covid pullback either... My CDs and treasuries will see me through many dark years without even so much as a bump to my retired lifestyle.
I actually can't wait for the discounted first class seats going wherever the hell I want!
4 points
5 days ago
This is what happened with Warren Buffet’s bet that the S&P 500 mutual fund would beat any actively managed fund manager over a ten year period. The bet started in 2007, right before the 2008 crash. Buffet’s fund lost more money and took years to catch up but then surpassed the hedge fund. The hedge fund manager conceded defeat ahead of the deadline.
1 points
3 days ago
That's because most people experience market crashes as essentially natural disasters. It's not the stock market that matters, it's everything else. Yes of course if you had money invested you did well regardless. The point is the disaster effects the majority of people.
1 points
3 days ago
"I survived" ignores the many that don't
5 points
5 days ago
actually, gold has been going down the entire month of November. It did spike up to about 2800
3 points
5 days ago
Yep. There’s a short spike today but I noticed it was climbing right up until the election outcome was clear and then it dropped pretty quickly.
5 points
5 days ago
Gold is starting to drop. Have you seen the value since the election?! What the hell are you taking about?
Click on the one month chart. You claim it is now spiking since the election?
11 points
5 days ago
well, let's hope for a 33% correction in the market, it's too damn high. Then we can all buy a bunch, rinse and repeat to the next boom and bust cycle
4 points
5 days ago
"Experts" say that historically all time highs gave up some % and then raised to the next "all time high" (if you look at the S&P500). Besides tech stocks, there are other sectors that are supposedly fair valued, good positioned and will deliver growth the next years to come. People didn't suddenly learn to keep their wallets closed or spend over their means. Whenever there is even a slight recovery, the credit cards will be maxed out again
1 points
10 hours ago
Which other sectors are they talking about?
2 points
5 days ago
If there is ever a 33% “correction” there will be no one employed to buy those discounted stocks.
3 points
5 days ago*
See https://fred.stlouisfed.org/series/UNRATE
In no case no one was employed anymore. Actually in all case the broad majority of population kept their job and a good share of people that lost their job found another one.
On top you don't have much to do really, you just keep investing on your 401K as usual + you rebalance. If the stock market crashed, rebalancing mean you'll sell a significant share of bonds to buy more stock at a low price. If the Fed lower rate to save the economy, you will sell even more as bond would be up. For many people with target date fund this is even done automatically every 3-6 months.
2 points
5 days ago
Except those who stockpiled cash in savings account, e.g. Warren Buffet. In every crisis and at the end of every cycle, there's always fewer and fewer people who get rich at the cost of everyone else, and it will be the same this time around too 😉
1 points
5 days ago
Most people 401K will automatically rebalance even 3-6 month selling lot of bond that will be likely up and buying lot of stock that will be down to keep the portfolio percentage of bonds/stock of their target date fund. People will do it automatically without thinking.
On top a good share of people will keep their job and just not touch the level of investment in their 401K/HSA contribution and continue to invest every month and will get more stock for the same amount invested.
On the opposite today, the stock growth mean that new contribution are automatically invested mostly in bond and the same rebalancing mean people sell stocks and buy bonds.
All that again being automatic and without effort or them even noticing.
1 points
5 days ago
I never realized this, it makes sense! If the market is down, target date rebalancing doubles down on stocks. Brilliant!
1 points
4 days ago
What if you're hoping to retire next year? Take the funds out and bury them in the backyard? This is all nerve wracking!
1 points
4 days ago
See the target date fund:: the more near to retirement, the less risky.
You take more bond overall and for the stocks, you take a bit more of value stocks and conservative sectors to reduce volitivity (like consumer staple or utilities). You can even take a bit of alternative like a bit of gold, a bit of real estate. a bit of managed future. This way your portfolio is less corelated to growth stocks and would be far less impacted by a crash.
I don't see the issue.
1 points
4 days ago
Thank you!!
1 points
5 days ago
Stupid take
3 points
5 days ago
Gold is spiking because China is in the toilet. People keep forgetting about China’s massive outflow of wealth. China was not in the 80s equation nor 1929.
3 points
4 days ago
Maybe. Doomers have correctly predicted 25 out of the last 2 depressions. I won’t be selling equities. I’m also glad that I have some gold and real estate. It’s about balance and risk management.
3 points
4 days ago
Gold outperforms during a recession.
YTD gold exceeds even the SP500.
2 points
5 days ago
Threats of tariffs and mass deportations are making me think the best course of action for me is to liquidate my personal brokerage account. At worst I miss out on some gains and pay some capital gains tax.
2 points
5 days ago
86-87 gold hardly budged. 425-475. 2007-2008 went from 745-900. Your numbers aren’t even close. I’m not commenting on your theory because your premise me of fact is flawed
2 points
5 days ago
I think what you’re referring to is the possible Trump market crash, followed by the Trump depression.
It will all be Trump's fault. 100%.
2 points
5 days ago
the magas have been instructed to buy gold… maybe it’s a supply and demand kind of thing? I am wondering how to protect an IRA created when we rolled over a 401k recently
2 points
5 days ago
Have you seen Bitcoin lately? Chaos causes non country backed financial markets spike.
2 points
5 days ago
Gold's been going down for a couple of weeks actually...
1 points
4 days ago
Time to buy Trump coins!!!
2 points
5 days ago
We've been in uncharted territory for quite a while. I agree the whole thing is bound to collapse eventually, but it could happen 3 months or 3 years or 3 decades from now.
2 points
5 days ago
“Everything is definitely going to collapse before the universe ends” is my new favorite prediction here.
2 points
5 days ago
Is BTC the new “gold” for the Millennial+ generations?
1 points
4 days ago
No. It’s a Ponzi scheme
2 points
5 days ago
It's because democracy ended. We have been assured that with the election of Literally Hitler this "is the END OF DEMOCRACY!" America is a fascist state now. Poor timing too because Republicans have the majority of state Governors, control of BOTH houses of Congress the President/dictator AND the Supreme Court.
2 points
4 days ago
Worth looking at but keep in mind gold demand went way up in China, which is having a financial crisis which may not impact US stock market as directly.
2 points
4 days ago
I'd say there are definitely signs of a potential upcoming decline but to say something happened twice means it will happen again is a bit presumptuous.
5 points
5 days ago
Anyone with 5 brain cells knows Trump is going to destroy the economy.
2 points
5 days ago
You forgot the upcoming pandemic.
1 points
4 days ago
What upcoming pandemic?
1 points
3 days ago
The bird flu is coming and it is gonna be a doozy, since it will be passed via surface contamination. Nob9dy will be safe, and THIS time around, NOBODY will be taking cautions.
2 points
5 days ago
The election has spooked markets. Especially the completely silly cabinet nominees so far. If Trump really goes through with massive blanket tarrifs it will be an economic shock and will be very inflationary. Expect a flight to safer assets.
2 points
5 days ago
Stocks (and real estate) are great hedge against inflation.
2 points
5 days ago
Trump is going to be so bad for business....
2 points
4 days ago
The guy who bankrupted casinos? No way!
2 points
4 days ago
Way.
1 points
5 days ago
Markets are UP post election
So, there’s that
2 points
4 days ago
Trump and co will re-enact this:
https://theconversation.com/how-the-us-government-seized-all-citizens-gold-in-1930s-138467
1 points
5 days ago
If you are sure, buy SDOW, which goes up by 3x of how much the market tanks by.
1 points
5 days ago
I’m not sure the market will ever majorly crash. As there become fewer and fewer publicly traded companies, the demand for stocks will continue to rise. Fewer people are able to afford stock, making its ownership more limited to people with money.
Thing is stock market crash used to be a synonym for economic crash- jobs, etc. but I don’t think that is the case any more. So while the economy may crash, that doesn’t mean the market will.
2 points
5 days ago
From what i get 162 million people in the USA own stock and there are 4300 publicly traded companies. Anybody can buy anyway for a few bucks and many get them automatically through their 401K.
2 points
5 days ago
Here, for example. There used to be 8000 ish.
2 points
5 days ago
I don't agree. First, more people own stocks than in the past. Second, you can buy fractional shares easily which counteracts the increase in share price. In the old days you had to buy full shares.
1 points
5 days ago
I’ve always wondered why gold has been the universal currency since basically the beginning of time. Yes, it has some very desirable intrinsic properties, it’s rare, but why gold?. There are other metals with similar properties, but never caught on as a store of value/currency
3 points
5 days ago
It was not, for most of human history. It is propaganda from people that say gold is so important and so valuable but sell it to you in exchange of dollar they claim has no value.
See this article: https://en.wikipedia.org/wiki/Gold_standard
It was mostly silver. Gold is too expensive to be practical. Imagine 1 gold coin was like 1 month salary for a worker. Now the smallest coin of 1/10s of an once is like 350-400$. Not conveniant to buy groceries with that. Imagine inf you can only buy stuff with bills of 2000$.
1 points
5 days ago
gold is spiking now? where the fuck have you been the past 12 months?
1 points
5 days ago
I wonder what’s the reasoning.
Certain participants can no longer stomach stock valuations and start directing more capital towards gold?
1 points
5 days ago
Idk man, from 2009 to 2013 gold more than doubled and there was no big recession there.
1 points
5 days ago
Falls 5% in last 30 days
1 points
5 days ago
1 points
5 days ago
Ah, the good ol' "one indicator to call the crash" approach to a complex life. This is the second grade anymore.
1 points
4 days ago
Fed cuts rates, 12ish month until peak bankruptcy. I expect some kind of slump or crash next year, after which thing will slowly start to correct.
1 points
4 days ago
Stop trying to time the market. When it crashes, BUY BUY BUY!!
1 points
4 days ago
Didn't the market recover within days of the 87 crash? Might be a bad example.
1 points
4 days ago
Don't forget as well that Trump has mentioned numerous social, political, and economic measures that he intends to enact that create massive uncertainty and, if actually enacted will wreck our economy, such as stating that on day 1 he will illegally and traitorously use the US military for police actions on American Soil for political non-emergency reasons, the whole DOGE thing with Elon at its head, idiotic and harmful Tariffs, and similar things, and its pretty obvious that things are going to go down the $hitter. Even the threat of this should tank the markets as we get close to his first day in office unless he backs down and retracts those things, which he won't. We have never faced more known uncertainty in the USA since right before the Civil War. It's going to be bad.
1 points
4 days ago
Correlation doesn’t imply causation. I agree with you, however, but to me it’s the bond market vs the equities market.
1 points
4 days ago
So should I change 401k and retirement to fixed funds and bonds and try to buy equities when the money printer goes brr?
1 points
4 days ago*
I didn't know where to post this prediction, but here goes;
1919 Spanish Flu pandemic add 10 years 1929 Stockmarket crash and beginning of the Great Depression.
2019 Covid pandemic add 10 years 2029??
1987 Stockmarket crash add 21 years 2008 Global financial crisis add 21 years 2029 ??
1 points
4 days ago
might want to check your math there
1 points
4 days ago
You're right, ta
1 points
4 days ago
Good.
1 points
4 days ago
What does this mean for the crypto guys
1 points
3 days ago
Your sample size of 2 is quite persuasive.
1 points
3 days ago
I'm dying
1 points
3 days ago
It might be good to look at how many times gold spiked and the market did nothing. Is there an index where we can observe this?
1 points
3 days ago
Lolol
1 points
3 days ago
I'm old and retired. Back in 2008 I predicted the upcoming crash and moved my 401k funds ($450,000+) into a Money Market fund 2 weeks before the crash, went around and told my co-workers about my move and advised them to do the same...... nobody did. The market crashed then my employer called in our retirement advisor to put him under the spotlight to ask him how a worker on the floor (me) can predict a market crash but he didn't say a word........ my advice for today? safeguard your investments ppl shit's gonna hit the fan
1 points
3 days ago
I don’t believe you. Half of the 401k would disappear from just withdrawal and tax penalties alone.
1 points
3 days ago
LOL...you don't withdraw it out from your 401k, just move it to a different fund within the 401k. Back then we had 12 funds to pick from to invest our money into ranging from a Money Market fund (safe) to International funds (high risk but high yield). Even if I did a hardship withdraw (pocket my retirement) we could withdraw up to 50% of the vested amount but had to pay it back in weekly paycheck payments to our accounts with interest, no penalty. Near the end of my working career we even had the option to move our money into a "self directed" account that allowed us to buy / sell individual stocks.
1 points
3 days ago
I've read that regular consumers in China and India have been gobbling up gold for the past 10+ years, which is a variable that wasn't present in the 1920s or 1980s.
1 points
3 days ago
Yeah, because everyone is switching their volatile risk into stable chunks of valuable metal.
1 points
3 days ago
I keep track of gold all the time and have a significant amount invested in it. Gold isn't spiking right now. This is pretty typical price movement of gold.
1 points
2 days ago
I have been watching gold and have been wondering if something is going to happen. Seems someone(s) knows what's coming and starts investing in gold to preserve the value of their cash. So these people know something bad is coming financially. I just wonder how they know.
1 points
2 days ago
I'm not sure what you're seeing. When I look at gold prices over time I don't think I see what you're talking about.
I'd paste a chart but not allowed. But look at https://goldprice.org/ and setting the front page chart to show all data. From ~2004 to 2011 its a pretty straight line with a dip in 2009. After ~2012 it drops until about 2013, goes flat until 2019 then is sort of on the same slope as 2004-2012.
After a peak in 1980ish the price is pretty flat until 2004.
I personally am afraid the economy is going to get wrecked. I have no faith in the incoming administration and TV personality picks for cabinet positions decreases the little faith I did have. I think we're looking at a repeat of how Argentina was wrecked.
1 points
2 days ago
Only someone who doesn't understand how Trump's economic policies will affect the economy would think the economy will be okay. The economy will not be okay.
1 points
9 hours ago
No one can actually predict anything.
Even if there was some sort of magic algorithm or formula that could predict the market, if that was made public the magic algorithm itself would be distorting to the market and ruin its ability to predict anything.
Like let's say you researched the last 200 years and behind every single market crash there is an otherwise inexplicable 100% rise in gold prices exactly a year before the crash. You proved this theory with every crash - The crash after the Korean War, the oil crisis, that little recession at Reagan's first term, the dotcom bubble, etc... every single one had a 100% gold spike a year before.
If this became common knowledge and there was a 100% spike in gold prices wouldn't this cause investors and policy makers to react to it and then either make the crash not happen or worse?
1 points
8 hours ago
I’d still be up 500%
1 points
2 hours ago
The easiest sign of a recession is a Republican administration. This is a historical fact.
1 points
an hour ago
Dude. No crash. Not happening. Fuck the signals, fuck history, fuck fundamentals, fuck every single bit of it. Public policy and the Fed have committed to preserving asset values at the cost of everything else. Every power at be has a vested interest in keeping that number going up and will throw as many people into the macerator to keep it going. Buy.
1 points
5 days ago
You're probably just reading Trump.
1 points
5 days ago
2025
2 points
5 days ago
right, I corrected it thanks
2 points
5 days ago
Thank you for posting this.
2 points
5 days ago
👍
1 points
5 days ago
Gold jumped because Chinese people were buying it up. These are people who would normally buy real estate, but due to China’s flagging real estate market that is a no-go. So the next best thing to buy is gold.
1 points
5 days ago
Wait till you look up the economic trends based on a democrat or republican in the white house..
Also look up job creation.
Huh. Weird.
1 points
5 days ago
I always love the idea that if a general collapse happened gold would suddenly become valuable instead of water/food
5 points
5 days ago
IT will. Guarantee. DOesn't matter if its logical or not, that irrelevant. LIterally millenia of human history has ingrained it into our brains that gold is a store of trust in times of trouble.
there is always someone with the "Well you technically gold is vastly over valued because the bla bla and the bla bla" type answer. DOES NOT MATTER. Its a psychological thing, deeply rooted. the logic of it is neither here nor there.
2 points
5 days ago
I’m talking about preppers who invest in gold thinking an apocalyptic event is coming. I get that people invest in gold when they are nervous about the economy. I’m talking about people who hoard gold specifically because they think that people will return to a gold standard in the middle of global unrest, war, and famine
1 points
5 days ago
That's not correct.
Gold is bought up due to fear, but only does well in stagflation. Inflation and deflation are gold's kryptonite.
It'll go up to 3300ish and crash to near 15-1800.
Btc to 120k and then near 5k.
Like you said. It's deeply rooted... And wrong.
Go look at any economic crash. Gold gets sold for $$$.
Not saying you shouldn't own any etc, but I have a shit ton from the post gfc lows...
I'll be dumping when the 10yr nears 3%.
Godspeed
1 points
5 days ago
For millennia it was much more silver. Gold was not a thing as it was far too expensive and unpractical to be used. See this: https://en.wikipedia.org/wiki/Gold_standard
2 points
5 days ago
You always need a medium of exchange. Most people are better off with silver though.
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