Reply to Does anyone else believe the impending financial crash will be bigger than 2008-2009?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I haven't read through all the threads, but curious if people are buying way out-of-the money S&P puts or similar options.

I know that is how the Black Swan guy and others made a fortune during the 2008/09 financial crisis (in addition to figuring out how to short Mortgage Bonds).[/quote]

I don’t play options. But I will look into SOXL, SH, spxs and some of the inverse ETFs if the market slides.

At this point I’m stacking gold bullion ETFs and waiting. They’ll stay high in a crash, but can be sold to buy cheap stocks.[/quote]

Why would they stay high in a crash?  In a crash, people (especially hedge funds) need to raise cash however they can, so they will sell your gold bullion ETFs just like any other stock.  [/quote]

There is a modicum of truth to this, but gold generally rose during the last crashes 2008-2009 and during COVID years. There are also different conditions to consider this go around.[/quote]

Gold dropped like 25% from 2008 to 2009 when the financial crisis hit.

It’s fairly highly correlated with the general market.  [/quote]

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