Re: anybody ever worried about this?
in response to
by
posted on
Dec 29, 2010 02:39AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Yes the possibility's are within anyone's guess. But to be clear about the situation we must look at every angle. Will any conuntry disguise the truth? We have pressed to many buttons. The facts show commodities will make a big inpact in the next year. Will people go for precius metals? MAYBE! Food and energy will make a great impact in the near future. But any type of inflation will drive all of them up. I am starting to believe a buyout will be the next step for the banks.
It is the only way they can survive a surpluse that is not just taking over the financial system but the food arena. This was a bad day for Silver and Gold. We should had a 5 percent increase. This only proves that the power's to be will stop any mining company to make good profits.
I am not saying this is still not bullish, yet I still believe that the food chains will increase 10 fold. If i didn't put all my money on silver I would say the money will at least double in food.
Energy prices will prove it. Somebody has to pay the piiper. I do believe that silver will continue to rise. I will take that bet over gold. I am still betting on silver going to 100.00 but i can't say it will unless people are smart enough to put the money on it.
In someway's I hope they don't. It is only a sure bet for those who are holding it. When the truth comes out soon a lot of people will wish they bet on silver. Over 70 percent when they didn't need it. Even China is scared of inflation. Not to mentoin the rats will finally be shown where thet are. Buy Metals and buy food they will own the market at least 2 years.