Quote from: ice18 on October 05, 2018, 06:24:51 AM

Quote from: andrei56 on October 04, 2018, 08:48:14 PM

Quote from: Cristopherus on August 07, 2018, 10:23:34 AM

I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

No one can predict exactly when the next crisis is going to happen, many have predicted that a crisis of enormous proportions was going to come and that countries will need to adopt gold as the main currency and still it has not happened, what we do know is that things cannot go like this forever and that at some point a crisis will happen, what we do not know is when that will happen and how big it is going to be.

If this happens that gold will be the main currency all over the world then many people will suffer especially the poor countries will become even poorer because gold is in a limited supply and Im sure price will be very high once this proposition be implemented but I hope many will be against of gold.

It is possible that things get so bad that people prefer to adopt gold and silver to stabilize the economy than to keep living in an economy going through hyperinflation in which the currency is not worth the paper in which it is print, I know that such a scenario doesn't seem very likely but it has happened before and it's likely it will happen again.