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


To: TheBusDriver who wrote (60125)6/26/2008 5:43:35 PM
From: AlphaRomero  Read Replies (1) | Respond to of 78416
 
Staflation is almost here in USA, if not already. It was a grand theme in 30 years ago with a stagnant economy and surging inflation.

...and of course most Americans are standing on the tracks waiting for the train to arrive.



To: TheBusDriver who wrote (60125)6/27/2008 11:01:24 AM
From: lbs1989  Respond to of 78416
 
Dear Wayne,

You are a clever guy. I am leaning towards the cycle being Cash, Bullion, PM Stock and then RE. The Macro side of the economy may through people out of work,the SIV cause more banking problems which lead to people wanted to hold Fiat because the Stock market is spooked and their investments are going down.

It is always used as a depression example that one of the gold mines did very well. I can see the chart in my minds eye but I don't remember which stock it was. I also don't remember the chart going up from October 1929. It went up later. Of course Roosey boy devalued the $ by 67% after he confiscated the gold!

Don't hold me on the exact timing but short term rates and I think some money market funds were paying 21% interest for 30 days in 79/80ish. 30 year T Bonds were up to 15% as I remember. I was in the Crotch then so did not have big money to invest but did have five 100 ounce bars of silver that I bought in 1973:) and some gold coins.

I am just speculating on which currency will depreciate the slowest in the race to Zero. I am leaning toward the Swiss Franc for the short period when Fiat Cash maybe King.

I agree with you JQP maybe waking up. I am happy for him!

I knew you'd want the first watch! I hate the mid watch except for mid rats!!

Semper Fi,