Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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Zincman

To: Ms. Baby Boomer who wrote (45604)	7/11/2013 5:38:04 PM
From: Jacob Snyder	1 Recommendation Read Replies (4) of 48092

<Someday gonna wake-up to reality that we're in debt up to our eyeballs...> No, we're not. The U.S. could double its current debt/GDP ratio, and still not be doing as bad as Japan. China may be in as bad a situation as Japan, but their accounting and reporting is so opaque it's hard to tell. The entire periphery of Europe, from Portugal to Greece to Ireland, is much worse than the U.S. When LT interest rates spike (and I mean much more than they recently have), a list of countries will see confidence in their sovereign debt collapse, before it happens in the U.S. In the early stages (which we are currently in), this will actually cause a "flight to quality", and LT Treasury rates may fall. There will be an extended phase, probably lasting for years, when U.S. Treasuries look safe and strong, and most people say repeatedly, "the worst is behind us; it can't happen here; the damage is contained; confidence has been restored." Eventually you'll be right. But it'll take years. The supply of rabbits to be pulled out of magical hats hasn't been anywhere near exhausted.

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