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To: PaperPerson who wrote (3650)4/4/2008 5:32:23 PM
From: koan  Read Replies (1) | Respond to of 23089
 
Been watching A lot fo bloomberg since I returned. It seems to me that the worldwide economic chaos and crumbling American economy is getting worse and still unpredictable.

Rice rationing with record prices and commodity boom intact. Inflation heating up all over the world. Exactly what one would expect given that most countries continue to debase their currencies.

I think there is a real chance of economic panic and US dollar panic at any time. It seems no one really has a handle on what is going on.

Huge job loses today. 2 years ago I paid $14.99 for fresh king slamon, last year $17,99, today $22.99!! Check out wine prices. Inflation is smoking just as we have an 80,000 job loss this month in the US.

My gut tells me something pretty heavy is going to happen this year to propel gold and silver much higher.

Those NGD A wts at $1.75 good for 9 years, 4 to 1 leverage could work as a great hedge for people looking for a pretty safe hedge.