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Hey, how bout you guys try having a word a day calendar. that shit is hard! You're supposed to casually slip it into a conversation and not put it in a forum post of 10 words or less because it will really stand out. but.... good job defustro ^_^
Ha-ha, now I know why they cannot pronounce 'aluminium' properly. Because their version of the word is 'aluminum' The 'i' is missing. Americans are not even trying to say 'aluminium'!! They just happen to be saying the wrong word correctly. Lucky they don't call titanium 'titanum', strontium strontum' or radium 'radum'.....
Why? In USD maybe but if they can't raise the debt ceiling then they can't print more dollars. If they can't print more dollars then the same amount of dollars will be chasing the PM. Sure it can be driven away from other assets but the rocket ship we all wait on requires mass printing.
then its a pointless rocket ship, its only going up in inflated dollars that will have the same purchasing power, if silver goes from 20 to 200 but the dollar goes from 1 to 10 then your silver still has the original 20 dollar buying power......only now you've 'made' a 180 dollar profit (for tax puropses) havent you?
The government doesnt print any fiat the only dollars the us government can print is platinum rounds. The federal reserve (owned by the banks) will continue inventing 1's and 0's on a computer and transferring those 1's and 0's to banks in exchange for company bonds. Infact if the government does default the federal reserve will go into over drive to stop massive deflation. I could see the bond buying program increased to over $500 billion a month
lack of confidence comes to mind as a reason. A lack of confidence in gold at the moment has me a little stumped, I'm not shocked, but if I were a betting man I would have put money on it performing a little better recently.
I saw a vid by peter schiff, what he said makes sense, for the price of PMs to rise the US HAS to raise the debt ceiling. If they dont it means they can back their debts which would be bad for PMs but if they keep printing it can only get better
US government isn't buying silver or gold they are selling it. Raising the debt ceiling wont suddenly mean they are buying silver and gold. There is no reason to think the federal reserve will suddenly stop printing money if the government cant afford its bond repayments. Infact the federal reserve will go into over drive and print like we have never seen before. It will devalue the USD and increase silver and gold in price vs the USD however.... USD will also devalue vs AUD as well meaning we may not see much difference in AUD prices
