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Cryptos, gold and silver
#1
The next crisis has yet to begin and social unrest is already rising.
Journalists believe that Gele Hesjes (protest in Belgium and France) only protest against the higher fuel prices, but that is no more than the symbolic drop.
These people are tired of being squeezed out as lemons. The bucket with taxes is running.
The government is so greedy that two-income families can barely come around.
How ironic is it that working people can no longer pay the gasoline to go to work?
At the same time, they do see that politicians put their signature under the Marrakech agreement, which means that they will also be allowed to pay for a new load of fortune-seekers.
There is no money left for the own population, but to give the rest of the world a future here.
The political elite has no feeling whatsoever about what is happening to the citizens and only seems to be working on their own career.
The endgame has now been used.
The population can no longer pay the taxes to keep the large government apparatus running.
The limits have been reached.
Couple this with a towering debt burden and an aging population, and you immediately realize that it will be very difficult to straighten this out.
Saving money seems to be the only option, but as a government you will once again fall short, so the protest will only increase.
Politicians have made unfeasible promises for decades and financed the "welfare society" with debts.
That dream is now bursting out and that will be very painful.
The social unrest that breaks out is an important signal. Investors seem to have understood that already.
Several trade fairs score 20% below the top prices and this puts an end to the longest bull market in history.
My idea is that the next crisis will be worse than 2008.
After all, the world is deeper in debt and central banks have already largely faded their ammunition.
As an investor, safety now comes first.
My advise is to reduce stock positions to a minimum, at least for a while.
Portfolios should consist of precious metal, cash, cryptos and mining shares.
It is also remarkable that the gold mines performed extremely well this week. GDX, the ETF of the gold mines, rose almost 6%.
But the foundation of a crisis portfolio must first and foremost consist of precious metal (I own gold, silver, platinum and rhodium), cash and cryptos.
Silver is unlikely cheap and ready to break out.
What is this thing that builds our dreams, yet slips away from us?

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#2
I think the "yellow vests" now has crossed a line were they are just bullies. Robbery and violence has no place in statements against Macron. I'm on the side of Macron here. France (and Italy) has for too long been having a welfare system that is ridiculous high and run by loans that future generations has to pay. Reforms is necessary. It makes no sense that a train driver can retire with full pay at the age of 52! Examples are many and change must come to the French people. The have to wake up to a new reality. It's too easy to do nothing and still get paid.

We also know that USA have a debt they can not pay, yet the system continues to run.

Regarding the gas prices take a look at this https://money.cnn.com/pf/features/lists/...gasprices/ In Denmark we pay more than France! We are the forth's most expensive country in the world for gas. For cars we pay tax of 150%. Also take a look at this https://www.thelocal.dk/20171124/denmark...xes-report. As can be seen in Denmark we pay the highest tax in the world, but as they write "One big difference between the two countries is budget deficit: Denmark had a budget deficit of 0.6 percent in 2016, while in France it was 3.4 percent.". We don't overspend like France.
Cardano is the most promising 3 gen. crypto right now.


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#3
I am always shocked just how much we ordinary people pay in taxes, not just the obvious ones from our wages but for petrol or VAT or a hundred hidden ones too.

It is sensible to have some "metals" safely stored (not centrally kept!) where they are accessible quite easily. If they are ever needed then it will be dangerous times indeed.
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#4
(2018-12-10, 02:53 PM)BobBobert Wrote: I am always shocked just how much we ordinary people pay in taxes, not just the obvious ones from our wages but for petrol or VAT or a hundred hidden ones too.  

It is sensible to have some "metals" safely stored (not centrally kept!) where they are accessible quite easily.  If they are ever needed then it will be dangerous times indeed.
When I went to Islay, a guy told me that the UK is getting about 350.000.000 pounds per year on taxes only from the production of wyskey.

Islay counts about 35000 people. Do the math....
The roads on that little island are a disaster. Probably because these taxes are not enough to maintain the cost of the traffic infrastructure Big Grin
What is this thing that builds our dreams, yet slips away from us?

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#5
Taxes are useful to help and share with everyone and having a social net is not a curse. That being said, when we see politicians becoming rich after they "serve the peoples"... well, that push me (and others) to find a way to pay less taxes. Middle class is vanishing everywhere worlwide. The "1%" need to wake up and share what they have before it is too late... if you ask me.
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#6
The 1% is the main problem. They own 80% or so....
Cardano is the most promising 3 gen. crypto right now.


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#7
Items like whisky, petrol and cigarettes are seen as cash cows. Places like Islay that contribute so much (and also Shetlands for oil) should get a better deal.

I sort of agree with Cell about taxes not being a bad thing but the abuse is terrible. In the UK there is a big thing about the likes of Amazon, Costa etc paying less tax a year than some people! I think that Trump was supposed to pay zero tax because of a huge paper loss from 20 years ago (but that might be fake news from the election battle with Clinton).
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