Quote from: The Pharmacist on March 12, 2020, 02:54:51 PM

Quote from: naaimmd on March 12, 2020, 02:28:54 PM

Also, do you think the Gold price will rise significantly now?

Nah, I think metals will continue to get hit hard. I hadn't checked the price of gold or silver for weeks and just did, and they're both down quite a bit. I don't think people want their money locked up in anything other than cash right now--and nobody is spending gold or silver, right? I'm sure the permabulls will continue to hype the benefits of owning metals during times of crisis, but the market is obviously saying otherwise.

Quote from: DarkDays on March 12, 2020, 02:38:05 PM

I think today's sudden crash was just a knee-jerk response to COVID-19 being declared a pandemic.

I agree. I'm tired of knee-jerking and irrational fear personally, but there's nothing any of us can do about it except to remain rational.

I'm not sure bitcoin will fall as low as $3k (though it certainly could), but hey....I see this as a tremendous buying opportunity. The old maxim "buy when others are fearful and be fearful when others are buying" is perfect for times like this. But wouldn't you know, I don't have enough money to spend on bitcoin, stocks, metals, or anything else right now. The same damn personal situation happened in 2009 when the stock market crashed and I wanted to buy all the stocks I could get my hands on. Oh well.

Actually I heard rumor that in China people are buying gold that's why thank you anyway