The Future Of Silver

Its possible but the rest of the world will do everything it can to stop that from happening like they are with greece. Anything that would hurt them is in their best interest to try and save. Of course if they ever had to bail us out they would start working to get off US Dollars and isolate their economies from us which would leave us high and dry in the future if theyre successful. Behind the scenes wed be getting an earful from them too

The election will almost certainly cause a spike or a drop depending on the winner, the question will be how long it lasts

Maybe some of the smaller countries but not the big players. Theyre all just as suspicious of the Chinese self reported numbers as wall street is.




Everything gets leaked now a days I dont think thered be any difference there.




Only with a complete collapse. With down turns several countries could do enough to prop it up for the time being as long as we dont just keep voting ourselves free stuff every election.

Plus we could just get lucky and have an alien invasion we save the world from and get the debt wiped clean for saving the world

Somewhat an optimist Ed. I've seen models where a things were stretched out to 15 years, keeping the U.S.A. solvent until 2027. Now that's optimistic!

Regardless of whether the timeline is 5 years or 15 years, the outcome is the same. The interesting thing is that we have tens of trillions of dollars of wealth in the U.S. The gov't can't seize private assets to pay debt though. Not yet anyway!

Exactly! Which is why the Chinese are producing and importing gold hand over fist. They are not doing that to make trinkets. IMHO, this will be a huge hoard that will be used to back their new currency. It would be difficult for most countries to reject a currency that is backed by gold. Even if only partially backed by gold, it would still be MUCH stronger than any fiat currency.



So, BB, which countries would those be? It would have to be creditor nations and not debtor nations because the debtor nations all have their own financial and economic problems. Canada and Australia? Great people but too small to pull us out of the ditch. Europe? Nope. Russia and China combined? Maybe but why would they? They are liking the fact that they are rising in the world as we sink. Things going as-is is just peachy from their point of view.



OK, now here is something with which I can really get onboard! lol

Of course, if no accomodating aliens show up we will just have to lose our minds and start killing each other off in large numbers. This seems to be the typical infantile human response at times such as these.



That sounds as if it is more in the realm of Pollyanna than just mere optimism.



Any government that gets sufficiently desperate will do anything to maintain itself in power... lie, cheat, steal, even kill... all for the "greater good", of course. Few people understand just how tempting the money in US retirement plans is to a spendthrift government. Don't for a moment assume that they are not absolutely drooling over the $6T in 401Ks, IRAs, 459s, 403Bs, etc. They have already raided some money from the federal employee pension system but that was just a warm-up exercise and not the main event. They are very well aware of the minimal outcry over this theft, so are not dissuaded from pursuing this kind of activity on a grander scale. All they would need to do is create a little more economic havoc ala MF Global, PFG-Best, and Sentinel to come up with legislation to "protect" retirement funds by mandating that money into "ultra safe" US Treasury bonds. They get the money to squander, we get some debt paper in a dying system, and they can fund the US government excesses for a whole extra year! Wow!! What a deal! Anyway, it is this thought that keeps me awake at night.



True. But there is an old saying that applies here: "If you owe the bank a million dollars, they own you. If you owe the bank a billion dollars, you own them". Modify this as needed for national scale finances. It should be possible, for example, to offer to pay these debts at a reduced rate and the people owed this money would have very little choice in the matter. The decision for them would be to accept a reduced payment or risk waiting until later and not get paid at all because of a default and repudiation of all debt. Yes, this would be a last resort action but we are all out of good options and are now looking at options that are not good but are perhaps less bad.

What a shame what is happening to our country. Silver will do whatever it does. I can't even begin to guess! I'm just glad I have the little I do. Now it seems the 5 oz ATB coin is a good deal being about $30 over spot for a neat coin

Actually Hawk, Silver has pretty much maintained a sideways price for most of American History. It is only in the last five years that it has really gone up.

This thought that silver has constantly gone up, always....not so much.