silver commissioning - ahead pf budget ..., page-59

Nutty Tom we are at a completely different stage to GFC-1 - It was about banks and financial companies not having enough funding and over extending themselves...

Now we are looking down the barrel of GFC2..which in my opinion will be much worst....because it is now governments around the world that have over extended themselves and don't have enough funding...

So what are the options for these governments around the world - cut spending and increase taxes - which doesn't look like it is happening to any great extent..so they will print more money...printing money causes inflation and debases the currency - making it worthless (plenty of countries around the world have done this- just have a look on the internet and you will see what happens - Zimbabwee and Argentina are more recent examples).

So what happens when the US does this on a large scale the financial capital of the world and the world currency..wait and find out...we will probably see sometime over the next few years...

I'd bet my hard earn cash on owning silver and gold as it is a currency governments can't manipulate and devalue.

The gold standard was only removed in recent history - what this meant is that goverments had to hold a certain amount of gold to back there currency...so they couldn't just print money and devalue there currency...I don't think the governments and investors around the world holding US treasuries will be happy when they are worth a fraction of what they were - a supposedly risk free investment..investors and governments will want a currency that is backed my something so it can't be manipulated..gold and silver

so where does this leave gold and silver stocks...an investment worth holding..of course there will be up's and downs...governments will kick the debt can down the road for who knows how long (as long as they can)- when they can't kick it any further - that is when you will see gold and silver gain real traction..