Soros is BUYING GOLD

It's just so obvious.

I think the only thing holding it all together is Boomer denial that the economy is permanently fugged.

It looks like we're turning Japanese. When their asset bubble burst some of them dropped by 60% and haven't recovered. They've had 25 years of essentially zero growth.

But it's worse than it appears. For most of that time the Japs at least had growing Western markets to sell to, no more. Recessions are increasingly frequent in Japan as Western debt has become too big to bear.

So the question is, when our asset bubbles burst what growing markets do we sell to? It was okay when it was just Japan, but now it's every fucker.

Now is the time to panic, because this shit is not going to end well.

low energy

It's easier for us to see, because we welcome something new. For those who have accepted the world as it is, they are terrified of losing purpose and drown the thought out should it ever arise.

I think we've been banking on the continued growth and modernisation of China to pull the global economy out of stagnation.

You look at some of the trade deals that western countries have made, and they've been very favourable to China.

Personally I'm bearish on China because they seem to be just as debt-burdened as the west.

I think we'll see a huge great depression type scenario where the 0.001% will come out and buy huge amounts of hard assets like property.

Daily reminder that the s&p and Dow are not in a vacuum. There is literally no other place in the world to park money without negative interest rates, and market turmoil taking place everywhere. The DOW is going above 21,000 before 2018. As Europe collapses into civil war it will rocket when money tries to flee the EU. There isn't a single stable currency left, all confidence (foolishly) resides in the dollar.

Reminder that Canada sold off all of its gold.

so what the fuck does user do besides buy a gun, plenty of ammo, and canned goods?

Accumulate cash (25-50% of savings) and gold & silver (10-50%). That way you can still buy gas, supplies etc. as shit is kicking off or you can buy up hard assets once they bottom out.

Its not surprising.
The rich have no need for gold, there just isn't enough to keep them safe, at least not enough in a way that would matter.

8 trillion is a lot of gold, but 165 kilotons (God in Heaven I love using SI prefixes) is not that much.
The real issue is gold is significantly over assayed, it has no inhernat value outside of specific modern industries and previous jewelry.
In fact, the reason the Romans used gold was because it was in the way of the borax they needed for steel.
Essentially, they made coins out of trash scrap, its only later that the fact the coin was gold and thus gold was valuable got conflated.

What a load of horse shit. Gold is valuable precisely because there isn't a lot of it, it's unique colour and the fact it doesn't tarnish. It's pretty and it's almost impossible to destroy too.

The Ancient Egyptians decked out everything of importance in Gold - thousands of years before the Romans. They weren't even the first to do this. We'll probably never knew who was because people have a tendency to melt it down and put their own stamp on it, as it were.

There wasn't enough for coinage but there didn't need to be, it doesn't need to be coinage to be valuable. It's value did not derive from coinage, it's the other way round, people made their coinage gold to give it value.