Good for PMs - Bad For Us :(

Re: Good for PM's - Bad For Us :(

Marchas45 said:
I know what you mean, hopefully your stocking up as I see the PM's going up sooner than later.

Europe is going downhill and their buying gold and silver as are the Chinese.

http://kingworldnews.com/kingworldn...taggering_Gold_Demand_Creating_Shortages.html

I believe it's starting to hit the fan hope you haven't sold your stash like others have. ::)
Click to expand...

Nope, not enough to last for to many years but got enough. Also a little of the goldish color as well.... :laughing7:
 

Re: Good for PM's - Bad For Us :(

There really is no way to fix what has been created by all the massive debt in the Euro or here in my opinion. It seems the Euro will likely fall apart sooner than the dollar, and that will probably have a positive effect on the dollar for a while, but that does not change the fact that we still have around $16 Trillion in gov debt alone (which is going to go up soon), not to mention all the other government liabilities like medicare and social security, etc. If anyone thinks the politicians will vote to cut spending they will be wrong, because whatever they decide to cut will pi$$ off some voting block, whether it be old folks (medicare, social security), welfare folks (food stamps, ebt cards, other assorted freebies), etc. Will be interesting to see how things unfold over the next couple of years.

I cannot predict how the Euro situation will unfold, but I believe here they will keep printing (quantitative easing) as long as they can. Maybe they can stretch it out until the gov debt hits $20 Trillion, $30 Trillion, $40 Trillion? But that simply cannot go on forever without destroying the dollar's buying power.

The gov debt went from $10 Trillion to $16 Trillion in just the past 4 years (60% increase). If we were to grow by that same percentage in another 4 years we will be at $26 Trillion or so by 2016.

Just my opinion.

Jim
 

Re: Good for PM's - Bad For Us :(

There is no way for the U.S to pay a 17 Trillion dollar debt, either, it just can't be done on a 2 trillion dollar a year income from taxes. We're Scr##wed. They have one option, and only one: Devalue greatly the U.S. (Print Fake money) so we have many more diluted dollars to pay back a loan with. This means only 1 thing for PMs, they become worth more.... i.e. it takes a heck of a lot more weak dollars to buy them. Gold and Silver are the safe bet on the long term.......Cash and stocks, are the Risky investments
 

Re: Good for PM's - Bad For Us :(

Cleetus said:
There is no way for the U.S to pay a 17 Trillion dollar debt, either, it just can't be done on a 2 trillion dollar a year income from taxes. We're Scr##wed. They have one option, and only one: Devalue greatly the U.S. (Print Fake money) so we have many more diluted dollars to pay back a loan with. This means only 1 thing for PMs, they become worth more.... i.e. it takes a heck of a lot more weak dollars to buy them. Gold and Silver are the safe bet on the long term.......Cash and stocks, are the Risky investments
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I agree 100%. But one view often put forth by some of the pundits is that as the dollar gets more inflated and interest rates stay low, more of those freshly printed dollars will go into stocks so the market will go up in nominal terms. I don't necessarily believe that is going to happen though, at least not long term. I personally don't own any stocks and don't plan to buy any for now.

I think most commodities will go up in price, from oil to agriculture as well.

Jim
 

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