Re: Economic Conditions
in response to
by
posted on
Jul 20, 2010 05:29PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
A very good article indeed VHF. I would like to say though that America looks a lot like Argentina, and possibly worse sooner than we think. A friend gave me a article written by Phillip Jenkins about Argentina, and if anyone on the board has the chance pleaseeeeeeeeeee read it. Excellent assesment of what could be the final blow for Americans.
Although I know gold should be part of every portfolio I still believe silver will outshine in the end. To many reasons for it. The ratio points between the two as well the production usage in many applications. On the ECU side I will never give up my stock holdings even though I still continue to here about manipulation of the company. One thing I have paid close attention to is that GOG is doing better percentage wise. I don't get that at all?
When it comes to articles about the GDP I get very frustrated. If 200 million people are on food stamps ,doesn't that get included in the GDP? So that becomes nonsense. Then we have the unemployed. I totally agree that 20 percent is more logical a number than 9 percent. And if any of you read the Phillip Jenkins article you will see how bad this could become for a very long time. I can only hope and pray that all of us as individuals prepared or are in the works of doing so that you don't forget the common man.
For many people they have been eating steak since they were born and are mostly fine individuals. But most were spoiled and not educated to many facts as the school system has not led our children in the right direction. If anyone here is a teacher please don't be offended but all you have to do is look at what is going on in the global community and see that education is far more competitive than in the past.
On my final note for now I am still a true believer in storing physical, and not by any company delivery. I have strange feeling's about confiscation of our belongings and that is surely being shown in real estate. The clock is ticking and they have possibly one or two tricks up the old sleeves before we see the unrest not just in America, but many other countries. And don't forget to store up the water and food to, a lot of people are going to get dumped on hard. I have seen many hard day's in my life but I will never give in to greed. God created us all equal and will continue even to the end.