RE: RE: Everything's On Sale!!!
I couldn't agree more, Don -- if the Goldman Sachs types and all their Wall Street clones are not all lynched by angry, torch-bearing mobs in this life, they will all burn in the next. Perhaps some will get both...dare we dream?
The world financial markets, led by Wall Street, are like termites running through the world's financial "building". They move about for the most part unseen, gorging themselves and their insatiable appetites on the load-bearing beams supporting the whole structure. Every now and then the building buckles (2000, 2008) as it moves slowly towards its inevitable collapse, at which point the inspectors rush in, pull back some of the drywall and gasp dramatically in feigned horror as they shine a flashlight on the termites. But rather than condemn and burn the building and rebuild the system from scratch as they should, they spend months speechifying about the evils of termites, point fingers at each other over whose fault it is that the termites are there, and end up spraying a few cans of Raid around the room before leaving. As for the termites, they just cough a bit and keep gorging themselves....
The only way for mere minions like you and me to protect ourselves is to be as far away from the building when it finally falls, since when it does it will be like being in Manhattan on 9/11. Those holding precious metals and quality precious metals stocks, as well as commodities and quality commodity stocks, will be in another time zone far removed (and perhaps even benefitting) from the collapse.
TUO is one of the best quality junior precious metals stocks out there. I strongly urge anyone reading this who doesn't own any TUO yet to read some of the posts on this board going back a few months, do some DD, and then see if you don't agree that it is among the most fundamentally undervalued junior gold plays around. I bought more on yesterday's dip and will keep buying more on any successive dips.
JL