IMO, most people are confused and don,t know where to put their money. They want to go out of the Euro, into US dollars, gold or other considered safe havens. But the thing is, nowheres for your money right now is safe. The largest fish of the markets are circiling the shaol of money left there by the lower levels, feeding from the outside in until there is little left. The spiral inward has begun in the financial system.

People can,t really make a reasonable desicion to go into the US dollar, because they don,t know for sure how much gold the US really holds in their vault. If the planet goes to a gold standard, and its found out that the US don,t have the gold they say they have, as well as any country, you have a serious devaluation that could come overnight. But, there are gamblers out there, playing the trends, being greedy,in and out, hence the volitility back and forth. But once these gamblers realize that they keep losing money on every trade, they will withdraw, if things don,t change, and add speed to the spiral.

Gold will go up, but oil will as well, then inflation is good buddies with oil, and spreads that inflation back to the muppet. The current system cannot sustain the global economy as it is today. How many times must we experiment, before we know its not working. The printing of money was the biggest contributor to the disturbed financial system. All the other bureuacracies added more and more ways, that the financial system could be manipulated. The financial system became TOO complicated, and to correct this, the wrong approach was taken by implimenting more and more subsidiaries of the system itself. Its no good to look at the past here, one lesson alone was learned, this finacial system doesn,t work anymore. Its that easy, throw it out the window and start anew, its no sense of trying to fix something that can,t be fixed properly.

Our seniors, the ones that helped build this country, are not gonna have the pensions they thought, and its because of all the greed aspects over the years. Inflation and the markets are taking considerable toll on the funds that pay these pensions and will in the future,devaluating the seniors dollar. An example of this, the proposed increase in retirement year from 65 to 67. There are too many takers and not enough givers. When the takers of the markets started to outnumber the givers , it upset a balance that saw not enough new money coming into the markets to appease the appetites of the growing greed. The strong will survive, and as you said, though pathetic but true, the strong will be the greed, because they will hold out the longest, feeding off the little guy. This is the inward spiral I speak of, its not self sustained, it needs more printed money to survive.But it has gone too far, and each time printed money appears, it disappears more quickly than the time before.

I guess I really didn,t add much to your post greaser, looking back at your post, all I really did,was agree with it,in my own way. So, where does this leave us with SLI.

If gold remains the current price til years end, it should not have an effect on an offer price for SLI.But I feel, that if there is a good indication that we are going to a gold standard real soon, then the POG will definitely go beyond $2000 for a short period before settling back once it is instituted.Hopefully an offer may come on this rise of gold, which would be better, to not be prepared to sell at that time, may be a bad idea. Because, if we go to a gold standard, and the POG skyrockets, then you risk nationalization. It all depends on how the global leaders decide to straighten out this mess, if they allow room for greed and don,t rationalize, then we find ourselves back into another spiral. There has to be global cooperation,everyone throw down their arms,and help their brother and find a solution that helps all on this planet.

My 7 year old grandson caught his biggest trout ever, today. I haven,t talked to him yet, but saw a picture. He is standing there with his 2 front teeth missing, smiling from ear to ear, proud and as happy as can be holding up a nice trout. My mind wanders ahead in years for him, and I wonder is he gonna have a happy life, or is he gonna be burdened with something else that greed left behind for him.I choose to think that things will be good for him and that this mess gets straigthened out long before he has to worry about it.

We have a choice, lets make the right one.

IMO