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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Who seems to be the most excited

Mar 22, 2008 07:29AM
1
Mar 22, 2008 10:34AM

Thanks for your "concern" about the fate of Silver & Gold but with the growing backdrop of massive hyperinflationary policies initiated by TPTB, including a possible $2 TRILLION injection this year alone into the mortgage arena courtesy government lapdogs aka Fannie Mae & Freddie Mac, I'll take my "chances" on something other than paper based on financial chicanery that has brought the global financial system to the breaking point.

Even Greenspan acknowledged this week we are at a point more precarious than any time since the second world war. If the system goes bust at least I have an asset that will never go to zero unlike MBS's, ACB's and other assorted garbage being disposed of at accelerating rates into the Fed's taxpayer bailout trashcan. Ask Branson today if in hindsight he should have invested in Gold instead of Bear Stearns and you'll have the answer that common sense dictates today and going forward into these unsettling times.

http://www.prudentbear.com/index.php...

"Lockhart: “Well, it may take awhile. The mortgage market is one issue, but there are some other markets out there as well. I think this is going to be a major step forward. As you said, they can do $200bn in purchases immediately. And to the extent they’re guaranteeing mortgage-backed securities - that could almost get into the trillions. We’re looking at that they would have the capacity – between what we did today and the significant capital raising that they committed to – they could do over $2 trillion in business this year if the market needs that money.” "

"As far as I’m concerned, much of the U.S. mortgage market was this week essentially Nationalized."

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