RE: RE: RE: RE: Gold Aimed at $6,500/oz, Silver...Think this thru....and lighten up. Pleeezzzzeeee!
Silverstock3...we know you've been stressed of late. Have a drink. Relax.
Think about it. Could it happen?
Point # 1. Your " cut and paste " article led to my nationalization post.
Gold and Silver goes to 6500/600? What would the World be like...THEN? Nationalization? Maybe? Somewhere? Nah....Companies can keep those leases. Happening now....for years. Ditto oil and gas. Middle East? What will the map look like? Can " borders " change? Yea....maybe not in Canada or USA.
But other places? China? Russia? Latin America?
You have a " globe " in your house? Really popular at one time. Look at the countries, Borders? Changes?
Think today's borders will change? 20/30 years out?
China? The mother of all house of cards?
Some musings from Jim Grant who nailed the credit bubble before anyone and who writings paulsen used to do his " bubble trade ".
China?
The less you know about theworkings of the great transpacific money press, the better you probablysleep at night. Behind the veneer of reasonable equity valuations,China's banks are busily planting the next bumper crop of non-performingloans. Helicopter money flies home to British Columbia.
and....
$100 invested continuouslyat 2% upon the death of Cleopatra in 30 B.C. would, by now, expand theForbes rich list to include every man, woman and child on the face ofthe planet. Why this worthy endeavor didn't take root 2,041 years ago,and why it's even less likely to catch on today.and..
Basel III will require commercial banks to maintain leverage ratios no higher than 14.3 times. Central banks,however, not so constrained, balance immense piles of risk---foreignexchange and/or interest rate---on slivers of capital. What would EmileMoreau say?Added by me. Moreau - Famous French banker(not to be confused with the current IMF chief) who in 1928 threatened to resign unless PrimeMinister Poincare ceased to procrastinate in making the paper franclegally equivalent to and exchangeable for its present approximatevalue in gold—namely 4¢ to the franc or 25 francs to $1.
Any Emile's out there?