Q. Financial gurus are now saying that a worldwide financial market collapse is inevitable and it is coming soon. If this is so, then should we be investing in bullion or in crypto currencies? What will help the population remain solvent as the collapse takes place?
(The second part of the question was from a different contributor, but still relevant..) I have been following Armstrong the last +10 years since he was jailed... I really have learned a lot from reading his free blog. Is he 100% non deep state? The gold community is doubting it because he talks negative about gold (so far - at least until 2020). They suspect that this was the deal which got him out of prison (to spread false information).
On the other hand, the gold community has many hypotheses. One of the top gold experts, Jim Sinclair, predicted gold to be at $650 USD when gold was $250-$300 USD 20 years ago, and it did get to $1920. Now he talks about an overnight/over-weekend reevaluation to USD $50,000 as a cornerstone in a new monetary system. Armstrong talks about $5,000 USD max., if not all the money rushes into stock (which he thinks is more likely. I wonder, Lynn, if it is simply impossible to predict such things because all kind of timelines are continuously developing and changing the end result?
A. When I focus on this, I hear "ideally you should diversify, but always pick tangible assets over electronic assets when times feel uncertain." Even though precious metals are slow to grow, and are falsely being suppressed, they have real value, and even during times of inflation, they will hold value (not their true value until a complete reset, but a value none the less).
Bullion feels like a secure investment, but you may want to consider smaller quantities, i.e. 10 1oz coins versus a 10oz brick (in the event you want to use it for barter or currency). Cryptos feel and look as though you can make some real return on your investment, BUT you need to really watch market fluctuations, and when things start to peak set some kind of guidelines for yourself to cash out (I see a big peak, and then a drop on a saw-tooth graph). I get with cryptos some of the biggest challenge is to know when to walk away as the gains can be real, but the crash is very real too. I get to be really cautious toward the end of summer (August) through fall (October?). Cryptos are not a "set it and forget it" type of investment.
Ultimately a gold backed world currency still looks to emerge (gold backed crypto???). It will be electronic (not tangible) and people will be encouraged to convert to this currency. It has a taxable and trackable component like nothing we have seen before (transaction taxes??). The IMF (???) looks to control it, but lets China be the administrator of it (this is why China is so determined to stock piles of gold to prove solvency). I get that having two entities, the IMF and China involved, it creates a better checks and balances when compared to current structures of currency. Individual countries don't look as though they are forced to relinquish their monetary system, but international trade will be done with this newer form of currency. Slowly the individual forms of money will become inconvenient (discouraged), and eventually a single form of money will dominate.
I do see the value of gold and silver resetting to rates taking inflation into consideration (creating a true value). It does look quick and steady (doesn't pop overnight and stay at that value), but looks like a teeter todder on a graph (precious metals increase as the dollar decreases). In looking at this, I would describe the value reset similar to a saw tooth graph as well. It looks as though this precious metal reevaluation occurs at the same time the cryptos start to crash (and the new money system is released). People lose confidence in electronic money due to the volatility, and those that have money to invest want to possess something solid and secure (and want to hold a tangible asset).
And that is all I have for this reading. Thank you. Love and light-
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