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

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[quote=Anonymous][quote=Anonymous]

Okay, guess we’ll see who comes out ahead. I’m pretty sure I can see what’s coming and it’s not great. I’m going to move my 401k from 80% intenational stocks and 20% domestic into gold and bonds in a few months to be defensive. When the crash comes I will buy more mutual funds like VFIAX.

My taxable account is mostly gold miners and spot gold ETFs at this point. I’m holding for at least another 6 months. I have tech stocks ETFs in there too. Many are leveraged. I’m holding those for a couple more months. But with the gold I should be well positioned to sell that for stocks when they drop drastically in value.

I predict that will happen within two years. I don’t have a date for you. No one does. But clearly inflation is bad and so are THE REAL job numbers. Gold has been skyrocketing. Wall Street is now relying on alternate data sets (read the Wall Street journal article on that) to supplement traditional sources of info.

After all the coming rate cuts and the QE the outlook is pretty shtty.

Hope you won’t need your retirement money in the next 5 years because it will be half or less of what you invested.[/quote]

Half or less of what you invested…. Over 20+ years the amount of money I have invested has easily doubled.  Are you really predicting in 5 years that we will see a greater than 75% drop from where we are now?

I also think you are saying this drop won’t happen for a few years and the market will go up more from here but then there will be a downturn.  So are we looking at 80-90% drop at that point? Is that what you are predicting?

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