Re: absolutely incredible and it means endless money printing and higher gold/silver
posted on
Jan 04, 2012 01:17PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I'm nowhere near an expert on bonds, and should keep my fingers quiet here....but I don't think that anyone has mentioned in all of this that of the $18 Trillion that needs to be rolled over, NOT ALL bond holders will want to risk another term. From what I read, the government holds some percentage - I'm just guessing half? The rest can put that money anywhere they like...
With Pimco and other past big bond holders having stated they are getting out, then others would naturally follow. If 10 percent of the $18Trillion got out, then the government would have to print $1.8Trillion just to roll it all over (plus new spending). Not so?
Now imagine if that $1.8 Trillion was used to buy GOLD and SILVER! This is Niagara Falls through the firehose scenario...
gildage