Gold doesn't look like it's going much lower—there still maybe a down draft or two coming but this gold and silver bull market is very very very far from over. After all: Have the banks fixed their issues? Is the economy humming along? Has the great deal of fiat-based wealth destroyed in the derivatives and mortgage-backed securities been 'fixed'? Do you feel safe investing in the raging growth of our world?
The central banks (CB) are now "swapping Dollars for Gold"... I wonder why. Perhaps they are also afraid that they cannot 'invent' a new financial market in time?
G
CB’s Buying Here, Swapping Dollars For Gold
by Richard Russell
“The signs are growing. I can see the signs in the number of vagrants in La Jolla and south in Pacific Beach (California). As I drive by I see little clusters of men and women (mostly men) huddled in doorways or sitting in the bushes beside the roads. These are vagrants, always a sign of a severe recession. Men holding cardboard signs stand by the side of the road. The signs read, ‘Vet needs work’ or ‘Single mom needs food for her three children.’”
“Where do these people live? I wonder, where do they sleep? How do they have the energy to stand in the blaring sun all day with their cardboard signs? But they are the signs of hard times. I've seen them before -- in the 1930s.
Blog Categories
Originally Posted by TedWeir
Email Blog Entry
Mark as Read