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Topic: A huge recession could be on its way - sources (Read 638 times)

legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
October 30, 2019, 03:54:09 AM
#63

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.

Many people consider gold a safe haven, never bothering to look at the charts.



But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level.

I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.

Gold is definitely not something to invest because we have to wait ages to get some sort of profits but it does not worth the waiting period but gold can be used as a secured way of storing money by converting it into gold as gold is at least upto the market value of fiat if not profitable.

If one 1 gram of gold costed $5 before 15 year it now costs around $50 now and the expenses has inflated as well so I would say gold can be used as savings to match up to market inflation rather than storing the money as fiat but it's not a successful source for investment.

It feels like you didn't read my post, and didn't take a look at the graph there. The point is that gold is not a secure way of storing money. Look at the graph. Many of those who invested in gold in 1980 and in 2011 lost significant amount of their money. I bet most of those who invested in 1980 cashed out earlier (with a loss) without waiting 27 years. And how many years those who bought gold in August 2011 should wait until they can just get their money back is a big question.

member
Activity: 526
Merit: 10
Lifestyle & Wellness Platform
Yes, there has been too much recent warnings about a major recession. Such as negative interest rates and some banks are constantly raising capital, which shows that the financial resources of some large units are in deficit and it is the main cause of the recession or economic crisis. .
We should be more careful and we should buy a lot of gold from now on and don't try to hold on to any asset class that is highly volatile.
legendary
Activity: 2254
Merit: 2253
From Zero to 2 times Self-Made Legendary
It is probable that the current system of life is not sustainable, and that therefore we start towards some kind of "stop" and "reset": the system is definitely sick and cannot stand for long.
However, the history of the debt of nations continues to leave me perplexed: if all the nations of the world are indebted - and indeed ALL are - can you know who the hell is the creditor?


Not sick but deliberately made sick. The colonial-era did indeed leave a gap between rich and poor. developed countries under the guise of democracy use capitalism to continue to colonize their former colonies. There is a power in this world that really expects a handful of groups to become rich, in order to continue to oppress the poor, the strategy used is to use paper money and the tool used is a bank.

The destruction of the global economy is a sure thing because the use of currencies that do not match their intrinsic value, will cause economic chaos. Paper currencies that have no intrinsic value so that the exchange rate is subject to manipulation. It is as if we have something of value that is pleasant, even though only sheets of paper have no value, in contrast to gold which is indeed universal money.

Why gold can keep us from the problem of inflation, because with something that is universal then does not cause economic bubbles. If based on gold, surely an economic balance will be created.
legendary
Activity: 2730
Merit: 1288
Many people consider gold a safe haven, never bothering to look at the charts.



But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level.

I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.


There is another important fact. USD had nice inflation from 1980.  That gave you huge loss holding gold for 25 long years. Those price spikes simply has to happen.
sr. member
Activity: 994
Merit: 302
I'm not economically-savvy but people have been warning about this since last year. They all talk about the inverted yield curve and that historically it presaged a recession. I don't say we should be panicking but it never really hurt to prepare - which is something we should be doing regardless of bad news anyway.

Lets remember that from time to time a recession coming into play is something normal and we should not panic that badly and instead I personally I gather cryptocurrencies and Bitcoin as much as I can with every amount of money I have to spend.

A recession would be also a nice time to snag stuff for cheap too.
sr. member
Activity: 686
Merit: 262
The US yield curve is no longer inverted - which means that the prospects of a recession in the US at least are receding. And the Fed will be careful to try to prevent a recession in election year (2020).

Of course it is possible to have a recession in other parts of the world without it affecting the Americans. I think all American recessions have been caused by internal problems rather than external ones.
The yield curve inversion is considered to be a leading indicator to recession. It happens for a short period. It need not to stay inverted till the recession. Yield curve inversion shows that there is a fear among the investors. People are not ready to take out money right now which also leads to the paradox of thrift. yield curve inversion happened many a times this year which isn't a good sign. Also, the political instability in many countries isn't helping the cause.
legendary
Activity: 1652
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CryptoTalk.Org - Get Paid for every Post!
The US yield curve is no longer inverted - which means that the prospects of a recession in the US at least are receding. And the Fed will be careful to try to prevent a recession in election year (2020).

Of course it is possible to have a recession in other parts of the world without it affecting the Americans. I think all American recessions have been caused by internal problems rather than external ones.
sr. member
Activity: 1624
Merit: 261

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.

Many people consider gold a safe haven, never bothering to look at the charts.



But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level.

I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.

Gold is definitely not something to invest because we have to wait ages to get some sort of profits but it does not worth the waiting period but gold can be used as a secured way of storing money by converting it into gold as gold is at least upto the market value of fiat if not profitable.

If one 1 gram of gold costed $5 before 15 year it now costs around $50 now and the expenses has inflated as well so I would say gold can be used as savings to match up to market inflation rather than storing the money as fiat but it's not a successful source for investment.
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.

Many people consider gold a safe haven, never bothering to look at the charts.



But look closely. During the past 40 years gold wasn't always the right thing to invest in. If someone bought gold in September 1980, what was awaiting them were years and years of frustration, until when in September 2007, 27 years later, gold price reached the same level, and started to rise. As of more recent years, those who bought gold in August 2011 are still waiting for the price at least at the same level.

I mean, history shows that, even without going out of fashion, gold shouldn't be always considered a good investment. I'm not trying to say that Bitcoin or anything else should, no. But gold shouldn't either.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
It is probable that the current system of life is not sustainable, and that therefore we start towards some kind of "stop" and "reset": the system is definitely sick and cannot stand for long.
However, the history of the debt of nations continues to leave me perplexed: if all the nations of the world are indebted - and indeed ALL are - can you know who the hell is the creditor?
hero member
Activity: 2156
Merit: 711
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Well, it's a good analysis though but still, there is no symptom regarding this situation, I think those reasons mentioned here not all of these are happening naturally, it's all about the current global political reason, I think it's all about the political crisis, some countries are moving prepared for another political crash or maybe another war, it's all about political unrest, so I don't believe that another recession will happen very soon, if it will happen then a lot of damage will also appear for sure because we are getting dependent each other and this chain is getting bigger day by day, so lets pray to remove those reasons and be aware of any  situation.
member
Activity: 234
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Evryone is writing about recession. So, what to do right now? Buy gold?
Yeah, gold it's a pretty good idea, but analytics supposes that it will be one of the biggest recession in our time. In first you must consider if your work or skills will be relevant when economics will go down. Also, you must have a good amount of money for a case of bad situations. In addition to gold I would buy cryptocurrencies as well.
sr. member
Activity: 2436
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Eloncoin.org - Mars, here we come!

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
In some part of the world people think that wearing gold will let the others to know about their financial status but like you said things changing most people like to be with bare or little designer jewel now so gold price could go lower,which still has the capability to hold for the next recession which is not going to be too far from now.One alternative we got is bitcoin now but the reality can be known after the crisis if it happens.
legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.

We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.

Few people realize this, but I think there is a high probability for gold to go down in price in the years to come. Around 80% of all gold consumed each year goes for making jewelry. Imagine what if wearing gold comes out of fashion? It's not hard to imagine for me because most people I know don't wear gold. It is considered as something old-fashioned already, not by everyone, of course, but by those who want to keep up with the times. People have been wearing gold for many centuries because it made them look richer than they were. But being rich is not what is considered cool nowadays, right?
full member
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Evryone is writing about recession. So, what to do right now? Buy gold?

As an option. When asking a similar question to here you will not get the correct answer, you yourself must decide which asset will be more stable in the future than cryptocurrency and the stock market.
Maybe it's gold, or maybe real estate, do your own analysis based on available data.
I believe that the recession will be quite deep.

And most of the time, the speculation of those sources will not happen in reality. But in any case, we need to prepare for the imminent situations. And it is your own self that can only assess on what you are gonna do with your investments. It is not really advisable to follow what has been the hype because you might fall deep. Evaluate on your own and act from there.
legendary
Activity: 1652
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I think many of us expected another big crash since 2008.
I think the main part contributing to that is how widely discussed this subject has been, where we have reached a point where a lot of wannabe investors have prepared themselves for a crisis to unfold once again.

The general rule however is that when there is such a mass scale preparing going on for a crisis, you can be close to certain that it won't be happening any time soon, especially not with how much money is being printed.

Money printing can keep the economy up and running for another 5-10 years.... the thing however is that it only makes the crisis that will eventually happen even more of a danger, and it will hit everyone when it isn't expected.

This. The next crisis will be down to something people haven't thought of and haven't prepared for (which is why it will be a crisis)
sr. member
Activity: 1512
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www.cd3d.app
Evryone is writing about recession. So, what to do right now? Buy gold?

As an option. When asking a similar question to here you will not get the correct answer, you yourself must decide which asset will be more stable in the future than cryptocurrency and the stock market.
Maybe it's gold, or maybe real estate, do your own analysis based on available data.
I believe that the recession will be quite deep.
hero member
Activity: 1078
Merit: 507
Many events like Brexit, US China trade war etc have created a tension in global economy. Recession is anyway on its way. The leading indicator like yield curve inversion has already happened. The consumer confidence index is going down too. A recession will take place in 2020-2021.
Bitcoin has never stood the test of recession. The market cap is still very low to make any difference. But still I think many people will consider is as a safe heaven in case of recession.
legendary
Activity: 1806
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I think many of us expected another big crash since 2008. Conditions leading to the 2008 crash were never truly addressed or fixed to prevent it from happening again. The growth of inflation has often outpaced the growth of wages over the last decade. Governments have consistently raised taxes and spending, in efforts to tax, spend and print their way out of deficit and debt. The analogy of a snake eating its own tail holds true here in terms of these policies and metrics being entirely self destructive and unsustainable over the long term. All of these variables contribute towards making recession inevitable eventually.

There are two very different things being conflated here. There's the long term unsustainability of Keynesian economic strategies (the proverbial "crash to end all crashes"), and then there's the natural business cycle. Periodic recessions were observed long before Keynes was ever born.



Keynesian expansion may exacerbate the booms and busts, but I think it's fair to say that recessions are always inevitable.
legendary
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We will survive it if it really will happen. If its a global economic crisis, that would mean there will be war but I don't see that happening actually when the other side like the China and Russia ain't up to war. These countries seem not experiencing anything in their economy other than going up. Warren will always spread fear, he loves doing that because he wants to invest, the old dog is getting old.
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