/biz/ - Business & Finance

>>26422359

>Even now in peak corona times I see absolutely no signs of bankers losing control.

Picture related. The second the system breaks, Bitcoin goes to zero, stocks and real estate plunge 90% in real terms, and gold soars to $15,000 an ounce. Russia now owns more gold than dollars. China has 40,000 tons. The world is preparing to dump the dollar and go back to gold.

>>26423488

GDX, GDXJ, SIL and SILJ are the trusted indices of the miners. You can't go wrong with them. PHYS and PSLV are trusted ETFs for physical (_not_ GLD and SLV). You can also use GoldMoney, BullionVault, Kinesis, Glint, or OneGold. If you buy physical, simply hide it somewhere.

>>26422996

When stocks crashed 90% during the Great Depression, Homestake Mining, the ancestor of Barrick Gold, rose 600%. In previous miner bull markets the average silver small cap has gone up over 150x.

>>26424068

The currency was only devalued by 59%. Homestake Mining rise 600% and that was a large-cap. Mean-while, all other stocks crashed 90%. Also, this time the crisis will be hyperinflationary, not deflationary, because we use fiat money which can't be shored up by confiscating gold and using it to devalue the currency. Think Weimar Germany where you could buy a 6-bedroom mansion in a fashionable street in Berlin for only 5 ounces of gold.