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To: RegulatorCountry

Good. The buck is safe? I’ll take the deal on Au.


23 posted on 05/06/2012 8:40:53 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: grumpygresh

Don’t know that it is, but I do know recent history and behavior that suggest this won’t be bad in the very near term for US markets or currency. Beyond flight to safety effects, it’s not good. Likely a small window of opportunity. If you’re talking about Australian dollars that’s one thing, if you’re talking about gold it’s another. This could drive gold down in the very near term. Long term, there appears to be no end to instability in sight, which historically favors precious metals, but they’ve had quite a run, so I don’t know about that.


25 posted on 05/06/2012 8:55:50 PM PDT by RegulatorCountry
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To: grumpygresh
Good. The buck is safe? I’ll take the deal on Au.

Yep. Been quietly accumlating Au. And Pb.
Picked up a few boxes of Pb just yesterday.

29 posted on 05/06/2012 9:14:50 PM PDT by Lancey Howard (No Romney, no way.)
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