Marc Faber says "avalanche of selling" coming

Why pay the insane middle-man mark up of gold?
When it comes down to a currency collapse I would rather have a storage locker full of Ding-Dongs - shelf life 20 years, a cheap investment that can be used at Halloween if crash doesn't happen. When people get hungry I am sure they will gladly hand over a fist full of gold for a few delicious Ding-Dongs.
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comagnum said:
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When it comes down to a currency collapse I would rather have a storage locker full of Ding-Dongs. You can buy in bulk, shelf life is 20 years, 2 per package making selling any size a breeze. When people get hungry I am sure they will gladly hand over a fist full of gold for a few delicious Ding-Dongs. View attachment 171328
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Hell no. After the Hostess reboot, their snack-cake quality has gone to the toilet. Keep your Ding-Dongs. They are NOT the same. Kraft Mac&Cheese will be the post-apocalyptic currency, because that never changes in taste.
 
R123 said:
Yes " Gold is the only safe house in the impending currency collapse " your told. Funny they will only exchange their precious stable Gold for your useless deprecating currency. ????
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A while ago, I went into the comment section of one of Peter Schiff's videos and asked something similar. I basically asked why is he selling gold, which he claims is undervalued, for paper money...which he claims is on the verge of losing all of it's value. As is typical with gold bugs, they refused to answer the question and went on about a bunch of future doomsday scenarios.
 
Money Trust said:
A while ago, I went into the comment section of one of Peter Schiff's videos and asked something similar. I basically asked why is he selling gold, which he claims is undervalued, for paper money...which he claims is on the verge of losing all of it's value. As is typical with gold bugs, they refused to answer the question and went on about a bunch of future doomsday scenarios.
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That says it all. Maybe in the future they will only take Bitcoin :D
 
johnbennett103 said:
People always fear bull markets, and this is healthy. Get scared when everyone turns into a bull!
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It seems everyone on this thread is a bull...no? I'm finding it difficult to find any bears lately! The permabear guys are a tiny percentage and are irrelevant.
 
W.J. Feathermaker III said:
There are some grain charts testing multi-decade lows. Wheat comes to mind off the top of my head.
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Exactly. Agriculture has been hit hard...as in bear market. Coffee, sugar, and cotton come to mind too. Food seems to be pretty important for the human race...I don't think it's going away anytime soon! But agriculture isn't sexy enough for investors right now, they would rather try for ANOTHER 20% in stocks rather than 100%-200% in these commodities over the next 5 years...so buy high and sell higher...whatever!
 
Money Trust and the rest of you...some people are gold bugs and some people are only gold bugs when it's time to be one...like myself.:D The probability is that no Armageddon will happen but a crises will happen. What do gold bugs do with their gold fortune when it comes time to sell? Since there will always be multiple currencies in the world with safe haven status at any given time, gold will only be swapped for these currencies. Did you think every currency in the entire world would collapse at the same time?:rolleyes: If Armageddon did happen then paper and gold would be worth shit, but the last thing you'd be worried about is criticizing someone's gold hoard...especially when they just robbed you when you were out picking berries!:D
 
BONECRUSHER said:
Exactly. Agriculture has been hit hard...as in bear market. Coffee, sugar, and cotton come to mind too. Food seems to be pretty important for the human race...I don't think it's going away anytime soon! But agriculture isn't sexy enough for investors right now, they would rather try for ANOTHER 20% in stocks rather than 100%-200% in these commodities over the next 5 years...so buy high and sell higher...whatever!
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Exactly right. It's the "crowding out" of hot money chasing an asset class that, at least in recent years, never goes down. As someone mentioned a few weeks back, the "overbelief" phase is in full gear in equities and we can see everything else languishing. Crude flat, grains flat (but stealth walk ups in progress), bonds stabilized but in a precarious place, etc, etc...

I have a collection of books from the 70's when grain trading was VERY big. Obviously, it all cycles and the extreme lows feed the extreme highs, etc, etc...
 
W.J. Feathermaker III said:
Exactly right. It's the "crowding out" of hot money chasing an asset class that, at least in recent years, never goes down. As someone mentioned a few weeks back, the "overbelief" phase is in full gear in equities and we can see everything else languishing. Crude flat, grains flat (but stealth walk ups in progress), bonds stabilized but in a precarious place, etc, etc...

I have a collection of books from the 70's when grain trading was VERY big. Obviously, it all cycles and the extreme lows feed the extreme highs, etc, etc...
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Well said! I agree...stealth walk ups in many commodities right now and overbelief in equities/dollar. Bonds...well...you said it...?:confused:
 
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