RE: latest Semafo presentationAdded some more SMF.to today. Had to chase it to 1.05 but there aren't really that many sellers. Gold's bouncing pretty good today. It should be stronger given all the turmoil in the financial sectors. US govt is committing US Treasury to trillions in additional liablilities. How will we pay for it? Print money@!
Deflation is a problem as the real estate sector contracts. How will we fix it? Print money!
Economy is a problem. How will we fix it? Print money!
Car industry is having problems. How will we fix it? Carmakers say you bailed out the banks and brokers how about us? Will Congress stick with sound economic principles and let Detroit pay for their mistakes? Nope. Chances are they will throw them a bone. How will they pay for it? Print Money!
Social Security is going broke. Baby boomers are starting to collect. How will we fix it? Print Money!
Medicare is a time bomb as the aching limbs of the Baby Boomers need replacement and they need medical treatment to counteract all the problems they have created for themselves by overeating themselves into porkdom. How will they fix it? Print Money!
Gold should move higher over time. Semafo is a solid way to play gold. Bobwins