I'm not joking. Despite the fact that TPTB have been using every trick in their demonic magic spell book to keep the price of silver ridiculously low (on paper) while the rest of the world hyperinflates, you dumb, stupid apes buy it anyway! What the hell is wrong with all of you? Don't know you that when the price of something keeps getting hammered down, that's supposed to scare you away from it??? Are you stupid or something?
Lol.
Anyway, I thought I'd make this little chart for all of your viewing pleasure. It's a chart of the Dow Jones Industrial Average I grabbed from Google, and I overlayed it with a Kitco historical silver chart going back to the year 2000. I've tried to line things up so you can see where the DOW was and silver at the same time frames. As you can see, I've also added in some key events, such as the 2008 financial collapse (and subsequent bailout), plus Covid, as well as where we are now.
Now, IF you wanted to compare the recent stock market drop to the one in 2008, I've also pasted the current drop over that drop from 2008. I'm NOT saying that what's happening right now is going to rhyme with 2008. I'm just saying IF you wanted to compare our most recent stock market drop with 2008, well that's what things look like.
Also note that after the big drop in the 2008 DOW, silver really had a pretty spectacular and legendary run afterwards, until of course, things got "tamped down" again for some reason...
I think everyone wants to know what's going to happen in our immediate future, so I think sometimes it's useful to look historically at stuff like this. However, this is NOT a prediction or financial advice. I'm just showing you what happened before, as it happened, in two different markets.
There's a lot of things different now than in 2008. For one, Bitcoin was born out of the 2008 collapse, so during 2008, flight to safety was definitely in precious metals, not cryptos. However, in more recent years, as this ridiculous climb in stocks moved things up, so did the price of Bitcoin and altcoins. Today, crypto technology has matured well past the "dark web, silk road" stigma that it used to have. There are several promising crypto projects out there that, in my humble opinion, aren't going anywhere. The majority, though, I think are a huge scam and this recent crash may kill off many of them.
It was said by some that cryptos were soaking up all the money printing from the world's central banks. In a world with no cryptos yet still a lot of crazy money printing, I suppose normally you'd see money flowing into commodities or precious metals. But in most recent years, as we all know, a LOT of money went into cryptos.
Now that BTC is down around 30% from its ATH and the DOW is down about 8% from its ATH, I guess at the moment, a LOT of people are sitting on the sidelines in cash.
Question is, where will the $$$ flow this time? Is our immediate situation comparable to what we saw in 2008? Will the stock market rally after this, making fresh new highs, or will it continue to collapse? Are we on the verge of a MASSIVE run in precious metals, or will they magically get tamped down some more? After this little shakeup, will cryptos come back as the flight to safety play this time, or will they crash even further?
Once again, I'm not predicting anything. Nothing in this post is financial advice--it's for pure entertainment value only. I'm not a financial advisor, nor do I play one on TV.
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