Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (41133)	10/11/2008 10:13:21 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217837

i cannot see solutions other than default, by devaluation, if allowed by counterparties, or by monetary inflation, if forced to on own due to imperative of counterparties who may prefer to print along the math of fiat money can only work one way i fear but we really might be tried by fire for convictions held for the Force is strong

To: Haim R. Branisteanu who wrote (41133)	10/11/2008 10:21:05 AM
From: stsimon	1 Recommendation Read Replies (3) \| Respond to of 217837

Let's see, the money supply is expanding but velocity is plummeting, so inflation is being crushed. It would appear that some hedge funds bought precious metals on margin in the naive belief that the financial disaster will end with runaway inflation. They are now liquidating precious metals to meet margin calls. With demand for third world goods crushed in the U.S, expect Indian peasants to be selling gold for food. With the price of oil plummeting we may see the Russians start to sell off some of their precious metal stock piles. How much do they have? Don't know because it is a State Secret. I'll be a buyer of gold at $400.