Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jackjc who wrote (44871)	7/14/2007 10:48:15 PM
From: loantech	Read Replies (2) of 78408

Jack here is an interesting statement in yesterday's gold this week from Bill Buckler of the Privateer: the-privateer.com <<Right now, the world of finance is enmeshed in an ever more desperate search for yield, and as much yield as they can get. The concept of risk has been utterly tossed aside. It is a question of either getting enough "return" on your investment to continue to pay the interest on your debt or collapse into a smoking hole in the ground with your entire financial "structure" having been exposed as the sham it is. That is what the carry trade is designed to accomplish. That is what the entire edifice of "derivative" paper is designed to accomplish. The world is engaged in a desperate race to keep their debts "viable" by the insane means of creating ever more of them. This, as long as it lasts, is supposed to keep churning out enough "yield" to keep the servicing costs from swamping the system. Well, in the REAL economy, the servicing costs ARE swamping individuals by the millions and tens of millions. They are losing or have lost the race. Their debts stand exposed because they have lost the ability to service them. It is only a matter of time until this cancer eats its way from "main street" to Wall Street. Why has Gold been languishing for more than a year now. Because it cannot help those who are drowning in debt. The "diversion" of precious capital into an asset which pays no interest at all is seen by most as being suicidal. If there is one thing above all others that you can do for your future prosperity, let alone your peace of mind, it is to strain every sinew to reduce your debt to an absolute minimum. Or better still, if there is any way to do it, eliminate it entirely. The vast majority in the "developed" world today are on a debt treadmill which will consume them when they can no longer maintain a position which gives any rational prospect that they can either repay or SERVICE their debts.>>>>>>>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next