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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (59829)	6/3/2008 5:24:19 PM
From: marcos	Read Replies (3) \| Respond to of 78419

You think there's any Volcker out there among those people? ... takes a lot of courage to set in motion 'The Greatest Depression Since 19xx AD' ... and for what - to temporarily raise the value of an abstract concept called 'the dollar'? ... seems like a lot of bother for little gain, when the beauty of fiat is supposed to be that there's never need for shortage of it Ten per cent rates would seriously tank modern economies, never mind twenty or more ... just the fear of ten per cent would do that, as they rose through seven and eight ... and for at least the first stages of that, gold should rise, as moves like this are just one more de-stabilising influence - isn't that what happened pretty much twenty-eight years ago, rates had risen a lot before gold went parabolic and peaked ... and the real shtf only after the US election, or at least that's when it had real effect on us here [there may be a permanent Lotusland lag to all these things - a local record price for land was set 23 may, just down the road from me here, it appears the buyer may have to back out, and there is already a bid higher than his accepted offer]