RE: A Silver......OpportunityLuv2makemoney your post makes an "interesting read".
I agree with you.....Good time to BUY....SILVER & GOLD.
I'd like to comment on some "points" you brought up.
1. Lawrence Raulston should stick to what he knows. His comments
concerning "the sub prime mortgage" mess is LESS THAN USEFUL and
tells me he knows LITTLE about how todays CREDIT and MONEY markets
work.
...Im not being "arrogant", but "factual"....let me explain.
Why if theres only been a 5% "default" rate on sub prime mortgages,
that its started the CURRENT worldwide Finacial Meltdown. The US
Federal Reserve,ECB and other Central Banks have INJECTED...HUNDREDS
OF BILLIONS OF DOLLARS into this "financial meltdown" to no "avail".
This is the REASON....Todays Financial Markets are DIFFERENT. When the
US GOVT "deregulated" the financial markets the "financial landscape"changed.
Now everybody could sell the same "financial products".This was GOOD
increased competition brought LOWER PRICES and weak companies went out
of business. Also NEW and EXOTIC financial products were INTRODUCED.
However some of these EXOTIC products came with UNKNOWN RISKS(read:
hedges & derivatives). These "financial time bombs" were imbedded into
the worldwide financial markets...(yen carry trade, govt. bonds,
commercial paper, MORTGAGES, money markets, etc.) How? The "construct"
of todays FINANCIAL MARKETS looks like and FUNCTIONS like a"giant
chain", its LINKS (different markets) are INTERCONNECTED. Therefore,
if any LINK is BROKEN, the "integrity and strength" of the CHAIN(read:
financial system) is DESTROYED. Thats why we have the current MELTDOWN
in Financial Markets.
......As we speak....investors are AFRAID, the "commercial paper"
market is DEAD, the use of derivatives and hedges is BURIED
in the "dust bin of finance", sub prime mortgages are a
GRAVEYARD, the US FED RESERVE had to cut the DISCOUNT RATE,
(which is not "good" for the US DOLLAR).
......("not a catastrophic event"....Raulston is "out of touch with
REALITY"). No offense...intended.
As for Warren Buffett (Berkshire Hathaway) buying $3 billion of "bank
stocks", I dont BET AGAINST Mr. "B". My guess is that hes identified
some Bank stocks that the US Govt. WILL NOT ALLOW to GO UNDER. Only
a guess, but we will find out why LATER.
Words of experience....NOW is the TIME to be "brave and courageous",
...buy precious metals and energy (GOLD/SILVER/OIL).
HAVE A NICE DAY.....FRIENDS