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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: OT: Paul Brodsky interview
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Oct 23, 2011 04:40PM

DCFM, I've been pondering this endgame for a while and this interview talks about almost exactly what I have concluded. I've read some interviews with Brodsky before but this is the first time I have listened to him. This game will continue (money printing, QE, etc) really as long as the creditors of the US allow it. But as some point someone will start to leave the sinking ship and the rates will creep up. This is when the the Fed or whoever opens the gold window to creditors to sell gold at some high number (who knows, but as Brodsky says over $10K/oz) and this will stabilize the bleeding. I agree with him that we are not talking about a "gold standard" per se, but some mechanism where the US creditors will be able to cash out of their debt for high priced gold. Think about it...we cannot allow the continuing draining of our (the US) reserves through this stupid paper scam, where the Chinese and other savvy players are sucking up precious metals through the futures market at artificially low prices, and also can't allow the bond market to tank raising interest rates and cause a greater and greater viscous cycle as more borrowing becomes necessary to fund the interest payments on the debt.

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