Sometimes, when things seem to have gotten their worst, I morosely think that things could not get any worse, and pretty soon I am thinking to myself “What in the hell are you thinking? Of course it will get worse! It will get worse because the stupid government is deficit-spending trillions of dollars, the Federal Reserve is creating massively more money to accommodate it, and, nightmarishly worse, the same, sad, stupid, suicidal scenario is being played out around the Whole Freaking World (WFW), all of which means that inflation in consumer prices will soar and – at best! – things will get worse! Hahaha!”
[Read more...]Gold, Silver and Oil: Buying the Essentials in Tough Markets
March 12, 2010 by Leave a Comment
The Money Morning newsletter bills itself as “Essential investment news & insight from MoneyWeek.com” which makes me suspicious right away because of all the times I have been lied to over the years by people telling me that something is “essential”, which it seldom is, and it usually turns out to be a code word for, “It’s gonna cost ya, buddy!”
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Staggering Stats About Silver Supply
I got a June 2010 brochure from silverinsidersreport.com that contained an interesting fact about SLV, the Exchange Traded Fund (ETF) for silver, which is that Peter Keusgen, the writer, says that SLV is “the main alternate source of storage� of silver and “which accounts for around 50% of world silver inventory�! Wow!
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