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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Eva who wrote (28449)4/26/2011 10:20:21 PM
From: Mike M2  Respond to of 48092
 
Thanks a must read. Excellent.



To: Eva who wrote (28449)4/26/2011 11:55:17 PM
From: TheSlowLane  Respond to of 48092
 
I like his sense of humor:

"Converting large amounts of air to large amounts of silver is difficult and bound to be costly."

Heh heh!



To: Eva who wrote (28449)4/27/2011 6:33:49 AM
From: TheSlowLane  Read Replies (2) | Respond to of 48092
 
Everybody relax...I found someone with the answers to all of our problems but the bad news is that we are barking up the wrong tree. ;^)

There are a couple of scenarios where holding the physical silver might be profitable five years from now. If the US goes into default -- a very unlikely scenario, given our incredible resources -- and if when we get serious about cutting the budget with even a modicum of discipline, we will be fine. We spend like drunken sailors, and that can be fixed.

The real problem is if you can`t produce revenue, and the US has only scratched the surface of producing technological innovation, which means we have a lot of revenue generating capabilities.


seekingalpha.com

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