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So where would the money go?

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in Precious Metals
Crash the likes of 1937

Now that's scary!
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>Crash the likes of 1937

    Now that's scary! >>


    Lol, yea realllllll scarrrryyyy....
    Let's all go hide... And be scared...
    keceph `anah
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    One should never be afraid of what they expect.


    In 2007 the world was worth about 80 trillion. By 2009 it was worth 40 trillion. Where did the other 40 trillion go? No one seemed to have it. So you know the answer to your question.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Phantom money vanishes like all phantoms....it was never really there... Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    Sanitary landfills are not anything like napkins.

    You know make up gets washed off nightly and applied daily. image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    if the current market value of an asset declines, the money doesn't "go" someplace else, it just goes AWAY (same place it came from: market perception/demand)

    Book values are just that until they are book-ended by actual buy/sell transactions. If someone is concerned about what a 30 or 50 or 70% drop in market value of one of their assets would do to them, they ought to sell it down to the comfort level. Likewise, if an asset shoots higher by 30 or 50 or 70%, it sure makes sense to sell some and book the profit.

    unless, of course, one believes in a "new paradigm" and that "this time it's different" image

    Usually (but not always) it's not.

    Liberty: Parent of Science & Industry

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