Tyhee and Gold
posted on
Jun 10, 2012 09:21PM
Haven't paid much attention to Tyhee of late. I fully expect one billion shares outstanding with a debt of $100 million if we go it alone. Right on target so far with the first number. Just need a few more PP's. We need a BFS and a successful financing to have the later number be a reality. Yes, we will be seriously watered down. When and not if, a gold mania phase hits, the 85%ers will pull us out of the basement. Any listed stock with "Gold" in it's name will join the ride. Human nature is so predictable. This is still a ways off for those who are patient. Greater returns will be found in the silver sphere. I have been sitting on the sidelines the past while waiting for a consolidation. We may be close.
As to the debate over the US gold reserves, we mere mortals have no special knowledge as to the actual amount as there has not been an official audit since the 50's we are told. Even if the stated amounts are true, we are operating under a fractional reserve system where paper gold can be created and naked shorted. Leasing has been widespread and I would have to say that there is no one who can accurately account for the amount that is unencumbered. Most governments need to massage released information to direct the populace to their way of thinking. Propaganda is not only for the enemy.
There is a noticeable increase in economic activity here in New England. The low end of the housing mkt is picking up. There has been a pent up demand for starter homes by those who have saved the past six years while renting. Money is being spent on home renos. Even tourism is picking up. It is the "governments" who are in rough shape. The people have reigned in spending the past few years and are ready to take a chance. We need a steady drop in the USD against other major currencies and the jobs, low paid though, will come home.
More and more people have now realized that both parties have failed us. They are frustrated. There was a lull in interest in gold and silver. Even selling. When will the next phase of buying PM"s start?
Good luck to all! You will need it.