G7 stupidityYou have to be pi$$ed when you read the crap coming out of the G7. The US crooks have caused a huge global mess and now they want everyone to bail them out. Can you imagine having the nerve to tell other countries to do something to promote shopping, spending and debt rather than save. They don't want you to save and yet their debt threatens every social security program there is. As you can see its not about fixing the problem its about getting everyone else into as big a mess as they are. I can't believe Italy is dumb enough to sell their gold in such times, at US bucks no less. Closer to home the idiots in Ottawa will do what ever they can to decimate our dollar in the belief they can salvage the Canadian economy. Oh yeh, and don't forget to pump more oil into the US at todays devalued dollars. Stupid stupid stupid. The hell with the next generation is the most insane approach I could imagine. These are the guys we are supposed to be looking up to for advice. Not reassuring is it. If you and I did what these ba$tards have done in the past five years we would go to jail for fraud rather than get bailed out.
Every day there is more and more proof that the only safe haven right now is gold. All world currency will turn into trash sooner than later. ETF's are just another form of paper which you do not control so if your into paper buy gold stocks like YRI, G etc. No margin no cridit. I figure a good formula for the time being is 30% PM metal, 30% PM stock, 20% energy stocks and the rest cash.