GREY:MDCGF - Post by User
Post by
RX4H1N1on Oct 16, 2009 5:23pm
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Post# 16395491
Global Recession is FAR FROM OVER!!
Global Recession is FAR FROM OVER!!
Thankfully, MDG will be one of those companies that will not be affected by what is happening globally....from an economic viewpoint.
That said.....gold and silver......and not owning gold and/or silver certificates or even shares in gold and/or silver mining or exploration companies will be adequate!!!
All families and individuals MUST own physical quantities of the yellow and/or silver metals. They are the world's only true currencies. When melted down they are still gold or silver. Unlike paper money which is very easily destroyed. Paper money is being printed globally, but not as much as the US Dollar.
The US Dollar is really only worth what the global community says its worth and is willing to pay for it.
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The US Dollar will implode and will cause untold financial losses around the world.......especially the Chinese as a group. They own the largest amount of US debt securities and will stand to loose many billions as they possess multi-trillions of them in face value.
Note: BUT......HERE IS THE KEY!! Up until about two years ago it was illegal to own any precious metals in China and if caught Chinese citizens hold them confiscated and also faced large fines and/or imprisonment. CHINA MEANT BUSINESS!!
Today......180 degree turn.....not only are all Chinese allowed to own them they are very much encouraged to buy what they can afford to!!!!
Just think about it.....average Chinese people buy small quantities of gold and/or silver. Say 1 billion Chinese buy one gram of gold.
That is massive and I can tell you that the gold and silver market is currently being severly manipulated. This will not continue as it costs BIG MONEY to keep this pace. The US government does not want gold to go up or silver.......that would severly affect the US Dollar!!!
Enough said.........in Canada Scotiabank is the best source to acquire precious metals for physical buying.