Posts Tagged ‘ contrarian ’

Italy, Precious Metals, and a Black Hole of Debt

Italy, Precious Metals, and a Black Hole of Debt

S&P just downgraded the US Soverigen debt from AAA to AA+. It is remotely possible that some funds which are chartered to hold only AAA debt will sell off US paper on Monday, but it’s more likely they will change their charter. There is probably going to be a sell-off on Monday anyway, but I doubt...
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Posted in Collapse, Local News, OP/ED | 16 Comments »

Precious Metals: What Could Possibly Go Wrong?

Precious Metals: What Could Possibly Go Wrong?

This is an OP-ED. Don’t lose your mind over it – but gold can’t hold at its current price at a ratio of almost 41 to silver. I’m sure everyone knows this, but there is a lot of platinum in the system. It’s used in manufacturing, but no country ever used it as a...
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Posted in Financial, OP/ED | 22 Comments »

Silver and Gold: Why Precious Metals Aren’t

Silver and Gold: Why Precious Metals Aren’t

“Silver and gold have always been a way to preserve wealth through recorded history.” That was then and this is now. If you stole Inca gold and took it to Spain, you were wealthy because Spain wasn’t trading with South America. It was plundering South America. If your country started to tank, you could...
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Posted in Financial, OP/ED | 41 Comments »