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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: A Quote from Buffett

A Quote from Buffett

posted on Oct 20, 2008 06:59AM


Quote "The dollar, bonds, and non-precious metals shares will tank. We’ll have massive inflation, prices will go up, the economy will stagnate, and alot of businesses will grind to a halt. That’s a depression, not a recession. Gold will skyrocket. It’ll drop at first because people will be scared of any market initially. However, afterwards, gold’s really going to take off. Canadians are more knowledgeable about mining and precious metals’valuations than Americans. They own physical gold and silver and investin shares. It’s the backbone of their economy – oil, gas, and precious and base metals are big business in Canada and getting even larger. Ninety percent of our U.S. population seems completely oblivious to abasic understanding of the role of gold. Sure, they’re a little worried about their jobs and credit but until this week’s substantial market scare, any idea of buying physical precious metals or shares has been largely under the American public radar. They’re absolutely clueless as with each and every stock market tumble and gold rally, The Plunge Protection Team intervenes to sell gold short and prop up mainstream shares. I don’t think they understand the depth of our credit and finance problems. They don’t grasp the incredible potential for damage not only to our economy but also to the entire global finance system. This week’s international events including the unfolding credit crisis disaster in Europe is waking them up. The American public herd is moving beyond being just nervous. Now they are getting scared. There is real fear in the air with inflation, massive job cuts and a drumbeat of bad news."

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