Do you believe the current banking crisis is going to create a wider spread financial crisis which will reduce oil demand or do you believe the market makers are doing what they do best and capitalizing on the current events to manipulate the market? Get out your crystal ball
Since then Moody’s has downgraded the entire U.S. banking system, Credit Suisse is floundering, and the Dow is down 520 points this morning.
The short term reaction is always bigger than the actual impacts.What clown posted this?
I’m having a hard time with O&G right now personally. Assuming this is a recession, O&G should still go down from here. But there is a lot to be said for “market movers” and “price manipulation” and politics and geopolitics and all kinds of other major influences that operate outside fundamentals. Part of me wants to buy this dip though, but I’m holding what I got for now.
Same here man. I played the gold and silver game in 2020, and boy it did NOT pan out. When the shit hits the fan the paper gold market is still just a stock market, and people sell everything when the margin calls.
But where do you really exchange gold for cash. The local pawn shop or jewelry store? And they give you 80 cents on the dollar
Most reputable online buyers will pay a 1-3% premium over spot for AGE's and AGB's, but this defeats the purpose of why one should hold physical Au.
With this line of question, I think you might be crossing over into the prepper mindset. When SHTF actually happens, cash or gold won't do anyone much good. You need useful stuff that will sustain & protect you along with stuff others will want / need to barter with. Food, ammo, etc. But that's a deep rabbit hole that is best served on a thread separate from this one.
For SVB, the sheep who pulled their deposits out of the bank were the problem. Absent that fear, that bank is still in business today.
Scroll back to post 11,083. I posted the FDIC EIDE calculator. I can use this calculator to create hypotheticals or look at your current accounts to view your coverage.
You can also find a bank that participates in CDARS. Basically CD sharing. The money has to be put in CDs (which don't look too bad at the moment). But "your" bank will have you sign some paperwork and make a deposit. Then they will spread the funds out on the CDARS system making sure accounts are at separate banks. This system shares deposits back and forth between banks so your bank can still show you have "access" to your funds, but they are spread across multiple banks, your bank just accepted some of the other banks deposits on a swap to balance out the funds of yours they sent out.
This is interesting. But doesn’t this mean the POD accounts are only insured if you die (and are not insured if the bank fails while you’re alive)?
By sheep I think you mean start ups pulling money to make payroll. Particularly the ones running a deficit. That's the underlining piece of this people are missing. A lot of companies are likely running on fumes at this point.
