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Their doesn’t seem to be any indication that gold and silver can climb out of the hole it is in. Looking for confirmation that currency is failing sure becomes a chancy expectation. I know we are in the middle of failure without any real indications that PM”s will rise to fullfill its role and market expectations.
Quite agree Larry, thats why I cashed in April. HAVE A LOOK AT THIS. http://www.kitco.com/ind/Maund/20120620_silver.html
Its what I have figured out in April.
I am building cash ready for a major buy when it gets down to $20-21.
During the period in question Martin, your timing appears to have been pretty good.
P.S. Remember, I am not a metals trader but a long term holder.
my stock in Wendys is slowly riseing , as gasoline prices continue to drop. i am ahead modestly in dr. pepper snapple, and sodastream. pop will pop on weather events, as predictions of a very hot usa summer, may cause a sharp rise in soda and tea consumption. I like all the soda companys but dr. pepper snapple seems best as a rising number of persons prefer diet teas etc. what is your opinion???? S
I am certainly not an expert on soft drink companies, but your logic really does make sense!
Even the good ol’ USSA is starting to recognize gold as a tier one asset class. The Federal Deposit Insurance Corporation (FDIC) just issued a notice regarding a new policy proposal on how banks should revise the measurement of risk-weighted assets by implementing changes made by the Basel Committee on Banking Supervision (BCBS) to international regulatory capital standards and by implementing aspects of the Dodd-Frank Act. Under the proposal the following assets would carry a zero percent risk weighting, notice how gold bullion is listed as the second item:
A. Zero Percent Risk-Weighted Items
The following exposures would receive a zero percent risk weight under the proposal:
â– Gold bullion
â– Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
â– Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).
So regardless of what the MSM says, we continue to see more central bankers buying and hoarding gold. New proposals by government banking agencies are being introduced into the system and gold is included as a tier one asset to hold with ZERO RISK. All the signs are in place and what the MSM hasnâ€™t been told yet is that gold is coming back into the banking system.
This is from 321 gold.
I think Its gonna get there, too many sighs, we are on our way back to the gold standard. imho
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