Posted on 05/12/2010 6:13:43 AM PDT by blam
Gold Is Going Totally Wild, As Traders Place Big Bets Against "The House"
Joe Weisenthal
May. 12, 2010, 6:59 AM
"The House" is central banks and paper currencies. Against the dollar, gold is up over $10/oz to over $1242. That's $40/oz higher than where it closed Monday, when Kyle Bass apparently bought in.
[snip]
(Excerpt) Read more at businessinsider.com ...
Kyle Bass: Europe Is Nearing Its "Keynesian End", Now Expect To See Japan Crisis Headlines Next
Probably too late to get in.
Anyone have thoughts on what’s ahead for silver?
If it true the the gov’t is investigatin JP Morgan for their blatant suppression of silver prices, silver could be a better investment than gold. Much lower price, easier to carry around, and has MANY ‘green’ and industrial uses. I am very long both Au and Ag.
Paper currency cannot be “the House.” The House, by definition, almost always wins. Fiat currency almost never, ever wins. There are infrequent periods of deflation, but nearly always their value is perpetually falling.
It is never too late if you expect more nationalizing of debt.
Up.
Sounds like it’s time to get the old shovel, rake and pan out and poke around some gravelly streams in Alaska.
Don't get SHOT. I've seen some pretty serious security in the gold-bearing areas. There is a book out, though, called, "Where To Look For Gold In Alaska Without Getting Shot."
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