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Global CRASH -this September Take your money and run or what ???

DrVodka
Aug 23 2015 at 11:30
297 posts
so gold /silver and bitcoin should be more or a less a safe bet if this 'Crash ' if its going to happen ? am i correct ?



theHand
Aug 23 2015 at 17:16
365 posts
I doubt gold and silver will be much use as I pointed out earlier in the thread. Depends where you live really. If you're rich and buy a bunch of physical and store it in Singapore or Hong Kong, sure. I certainly wouldn't bother with gold derivatives. Risk is just to high.

Fx is actually a pretty good place to be for now. Just have to stay on your toes.
CHecking
Aug 24 2015 at 06:18
12 posts
Gold and Silver rises on fear. Bitcoin might as well to a certain extent, but it will never be the crypto Money that People here are talking about if you ask me, or do you see governments and world economies giving away their control on money policies? Bitcoin made one guy very rich with a brilliant idea, but if compenies don't accept bitcoin, it's worth nothing. It's not backed up by anything. I don't see a global Crash coming. Maybe in the bond market at some point because of sovereign dept crisis and the perspective of the FED to raise interest rates. Bond will be less attracive then and there might be a sell off. But concerning Forex i think this is already priced in and we might see the EURUSD fluctuate around parity for a while.
What is most probably going to happen in the next years is that there will be less and less cash printed, but that trend is already happening and most Money is not in cash anyway. Maybe the big bills will eventually dissapear and there will only be 10, 20 and 50 (USD/EUR) bills for small 'carry around Money'. Bigger Transactions are already mostly done through bankwire and creditcard.

This thread reminds me of the fear peolple had before the millenium where they actually thought the world would end! And the 2012 when they again thought the world would end because the Maya calendar ended then.
Crash prophets like Martin Armstrong popping up all the time make Money on peoples fear, and soon after dissapear again.
Come on..
goyankees85
Aug 24 2015 at 06:42
118 posts
I would guess that the crash on GOLD has begun many moons ago. Simply look at the beating Bit coins took, and GOLD when it was near 2000usd per oz. Many people look to invest, but the reality is if you did it when it was near 2000oz you would be down more then 50% on your invest. No one in their right mind should accept being down 50% on any investment or trade even if they end up earning 300% on it! Luckily we have many instruments to trade in forex, and we can earn a very nice profit daily without holding over night. I find it so weird why so many people fail to trade that way.
My avatar explains "social trading" perfectly.
RedRhinoLab
Aug 24 2015 at 06:54
631 posts
DrVodka posted:
  so gold /silver and bitcoin should be more or a less a safe bet if this 'Crash ' if its going to happen ? am i correct ?




Many must of got wind and escalated the crash in End of AUG 2015.
Black Monday AUG 24th in China , stock markets around the world are feeling the beginning for much more to come.

Gold has its appeal and so does US Treasuries for people looking for a safe place. Crypto's are illiquid and not even considered for wealthy parties but still has its vital part in the F.I eco-system for speculation.

DrVodka
Aug 24 2015 at 10:53
297 posts
Nobody - and I don't care if you're Warren Buffet or Jimmy Buffet - nobody knows if a stock is going up, down or friking sideways But we have to pretend we know. 😁😁😁
Marty270472 (Marty270472)
Aug 24 2015 at 10:59
19 posts
DrVodka
Aug 24 2015 at 13:19
297 posts
if its its not a CRASH then i don't know what CRASH is .. 😎


AUD/NZD 400 pips in 10 min > HA HA HA HA . put your seat belts on guys next stop is the NEVERLAND
xgavinc
Aug 24 2015 at 16:08
235 posts
Hit NEVERLAND :-(

Another bust day for me, re-tweaked my EA, take 50, lights...camera...ACTION!

If you can't lose, don't play :-D

Wishing everyone else still in the storm best of luck.
For every loss there should be at least an equal and opposite profit.
kayz (kayz08)
Aug 24 2015 at 17:01
32 posts
Guys I'm really scared now. Are brokers heavily affected by this as well? I'm not sure if I should keep trading, whats the point of making money if you can't get it out. Is there a certain point when brokers can't pay you back?
I've only made about 15k profit so far but I have never transferred money back to my bank yet😄.

Or like theHand says, money might not matter anyway lol.
I don't owe you pip, You don't owe me pip. Lets help each other.
theHand
Aug 24 2015 at 18:42
365 posts
@kayz08

Just depends on who your broker is and what their business model is. There's no gaps in this market so the brokers are not at risk. Most of them anyway.

Take out 30%, see how it goes.

To me is this is normal stuff. Don't see anything to worry about. Your fist sign of trouble will be spreads that go wide and stay wide. Then you know there's a serious problem somewhere.
DrVodka
Aug 24 2015 at 18:57
297 posts
kayz08 posted:
Guys I'm really scared now. Are brokers heavily affected by this as well? I'm not sure if I should keep trading, whats the point of making money if you can't get it out. Is there a certain point when brokers can't pay you back?
I've only made about 15k profit so far but I have never transferred money back to my bank yet😄.

Or like theHand says, money might not matter anyway lol.

if your broker is registered with FSCA then you are protected for up to 50K British pound . Even if broker goes down you will still get your money back - Guaranteed .
theHand
Aug 24 2015 at 19:02
365 posts
@DrVodka

Pfffttt, that guarantee not worth the paper it's written on, we saw that with MF Global insolvency. CME didn't honour any of their guarantees. It's been a while so I don't remember all the details but I wouldn't trust a guarantee from any source in current times.

UK will change their tune just was fast when it suits them.

DrVodka
Aug 24 2015 at 19:14
297 posts
never heard of MF Global insolvency .. But i was with Alpari Uk when it went under and I'm getting my money back from FSCA i must say its a painfully slow process but we are slowly getting there . so far i got 50 % of my money back .
theHand
Aug 24 2015 at 21:01
365 posts
@DrVodka

That's because it's a small insolvency. Remember you're talking about a government that made it legal to take all your cash out of your bank account - at will - just a few months ago.

You can trust those people mate. I will not.
EquityArtistry
Aug 24 2015 at 21:05
45 posts
It was horrifying. I almost fainted when those spikes on GbpJpy, AudUsd & NzdUsd occurred. Then suddenly the broker went offline and I couldn't connect to it for 4.5 hours. I thought everything was lost and that my next job would be collecting beer cans from ditches to be recycled. Upon connection to the broker, the account survived tho' with a bit of floating loss.
theHand
Aug 24 2015 at 21:22
365 posts
Alex
Look009
Aug 25 2015 at 07:19
224 posts
EquityArtistry posted:
It was horrifying. I almost fainted when those spikes on GbpJpy, AudUsd & NzdUsd occurred. Then suddenly the broker went offline and I couldn't connect to it for 4.5 hours. I thought everything was lost and that my next job would be collecting beer cans from ditches to be recycled. Upon connection to the broker, the account survived tho' with a bit of floating loss.

And me - I switched out today my robots and went fishing
RainFall
Rainfall0204
Aug 25 2015 at 07:21
28 posts
MWAHAHAHAHAHAHAAHAHAHAHAHAHA
Ari Goldman (arigoldman)
Aug 25 2015 at 15:39
909 posts
A Batman Formation, lol, that's new!
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