This has gotta be PM positive?

[jim4silver]

Just read that later this week the current administration is going to ask congress to raise the debt ceiling limit, again. They want to raise it another $1.2 TRILLION. Didn't they just raise it not too long ago?

I guess we can just keep raising it forever. But remember, gold and silver are going to zero, so sell all you have and keep dollars like some here recommend (not me though).

Jim

 

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[jeff of pa]

Major Gold Market Changes Coming in 2012

According to GFMS, one of the most respected analysts of precious metals markets, the Chinese market, government and private, will absorb more than 22 million ounces of gold in 2011, sharply higher than 2010 levels. That means that the Chinese are taking about 30-35% of all newly mined gold off the market. The total probably would have been even higher except for the difficulty in acquiring physical metal.

Instead of dumping your precious metals holdings, I urge you to make them more secure. If you own shares of a gold or silver exchange traded fund because of the convenience, sell them off and replace them with physical metals under your direct custody and control. Do not store physical metals in unallocated accounts. Convert any certificates into physical metals—while you still can.

Assume that any form of “paper” gold or silver ownership is at risk of loss, just like those who held such accounts at MF Global Holdings. Once you have secured your positions, you will be able to sleep better at night during 2012. Happy New Year.





http://news.coinupdate.com/major-gold-market-changes-coming-next-year-1130/

 

[Marchas45]

Shoot after reading that article I will need to buy some more silver tonight or I might just wait till tomorrow and see how the spot price fares.

 

[Jeffro]

January will be good buying.

 

[Gilmore Happy]

I just love my fiat very much. It burns so slow, makes people happy that I give it away too, and has a very distinct smell. Im selling all my PM's and aquring the almighty dollar as quick as I can. Economics 101 tells me the dollar is undervalued right now and is a must own.

 

[Goose-0]

I'm with you G H. In fact I'm also going to sell all of my stocks to get the almighty greenbacks.....the dollar. Then I'll buy war bonds (Oh, we're not fighting in any country anymore?) so the guv'ment can spend, spend, spend......to protect me.

 

[Marchas45]

 

[sultan of silver]

LMAO