TSXV:SLX.P - Post by User
Post by
lakesurferon Oct 12, 2011 12:55pm
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Post# 19141727
Time slows down....until gold & silver takes off a
Time slows down....until gold & silver takes off aSince this is a quiet day...
I got this elsewhwere....
"Here's a quotation that says it the way it is:
"
Whatever the current difficulties faced by European banks and the US and UK governments and their banking systems, there is only one option for all of them: buy time by printing yet more money. This is why the banking system in the eurozone and elsewhere will survive. Banks need governments as much as governments need them. The cost of this survival will be borne by the unwitting saver, who has been frightened into cash only to find it being debased more rapidly than before. This makes the recent fall in gold and silver prices nonsensical. But then just as the investment community walked blindly into stock market losses, they are just as clueless about the inflationary implications of rescuing sovereign debt."