Whats wrong with AUMN
posted on
Nov 07, 2013 04:03PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
This isn't about AUMN. This is about the PM sector. This is about currency supremacy. We are in the end game of fiat currencies as they are used today and a transition into another system that will be determined between now and the end of the decade. There is nothing the current system despises more than precious metals and how they have come to the rescue of every fiat currency that eventually ALL came to an end. Precious metals have all become the support system for the next eventual currency/ money. Over 5000 years of history have proven this out over and over again.
We are in an environment today where it is more profitable to destroy a company and scavage throught the remaining assets rather than seeing a company prosper.
Lets look at several actions that have occurred in the last couple months. Gary Gensler and recently Bart Chilton of the CFTC have left or are leaving the regulatory body that is supposed to protect this industry.
Some of the worlds largest institutional currency traders are being suspended/ terminated or reassigned for unknown reasons. This is huge and not being reported in much of the mainstream media.
The ongoing Libor rate scandel and the lack of any major prosecutions to this date.
The breakdown and unfolding of the petrodollar standard as the US and OPEC/ Saudi Arabia relationships become strained.
The on going huge demand for precious metals by the BRICS nations.
Without any doubt in my mind the least transparent and least free market on earth today is the precious metals market.
We have a company in AUMN that is producing a product that is in direct competition to today's failing currency system and will be punished until today's currency system eventually comes to an end or is backed by the AUMN's deep storage products of the world.