GREY:GPLDF - Post by User
Comment by
Jasper16on Feb 25, 2010 12:51am
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Post# 16817983
RE: RE: RE: 100% of U.S. debt/gdp ratio reached
RE: RE: RE: 100% of U.S. debt/gdp ratio reachedJohnny, great read. Read jsmineset.com every day. This has all been explained 1000 times and better than I could ever repeat it. As far as the world ending the answer is yes as we know it. Today 11.3 million homes under water. Brother if the welfare, food stamps, run out that's 44 million that will be shooting and don't doubt it. I was in LA during the riots and the animals came out from underneath there human skin. And yes their animals! As far as selling your (gold) shares, see you don't! They will be the biggest dividend stocks as they will print money. Now silver is touchy. Will it go sky high and then back down,,,I think yes and I own a bunch. So I plan to sell when I think it's topped and never sell the gold. My hedge so to say. Also if your shares are in anything except direct registration or certificate you'll most likely be ace out to some degree. if you trade online U OWN NOTHING. Say it out loud, U OWN NOTHING. All shares that allow you to trade online or a 401K, retirement account are in STREET NAME. Not you or me. So if your broker blows up and isn't bailed out by the FED all their debts and liabilities are settled first. You last and the difference covered by SIPC after a long court proceeding to straighten it all out. Whats left is split and applied to you 10 cents on the dollar, 50 who knows. But direct registration and certificate get all their assets first and at 100% value (read the rules if you doubt me).
And that is why Lehman and Bear were taken over by the Fed and not left to fail. SPIC insurance would have failed and everyone with assets there wipe The F out. And a 100 other reasons.
Live like we make it, plan for if we don't.