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If Greece Exits Stage Left - Silver & Gold Prices Do What?

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Valued Member
hagbard's Avatar
Canada
62 Posts
 Posted 06/10/2012  1:46 pm  Show Profile   Bookmark this reply Add hagbard to your friends list Get a Link to this Reply
^^This.
Pillar of the Community
coinwatch's Avatar
United States
808 Posts
 Posted 06/18/2012  12:28 am  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Looks like Greece has finally formed a "pro-bailout" parliamentary majority that's willing to play ball with German plans. Unless this government, too, falls apart and Euro exit fears reemerge, gold's brief rally may retreat into another buying opportunity lasting though mid-summer.
Valued Member
Australia
216 Posts
 Posted 06/18/2012  01:40 am  Show Profile   Bookmark this reply Add Peter S Thomas to your friends list Get a Link to this Reply
If Greece exits the Euro then I think prices will go up a lot.
Why you ask.
Well at present everyone is watching Greece, once that is resolved one way or the other, the attention of "investors" will shift elsewhere. I'm thinking Spain and Italy. If those two get the attention that Greece is now, then the whole EU will fall. Lehman Bros will look like a speed bump beside the Alps in comparison.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36782 Posts
 Posted 06/18/2012  10:06 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Nothing makes sense anymore regarding metals prices, I believe they are totally manipulated. Greece leaving the EU should be bullish for metals as inflation will skyrocket in Greece. Greece staying in the EU and getting more funny money bailouts should be bullish for metals, more inflation of the Euro. The thing to remember is any time the printing presses run inflation is the result. Spain, Italy, France, Ireland, Portugal are all standing there waiting for their turn at the bailout trough. Germany is going to say enough very soon.
Valued Member
lostsean's Avatar
Australia
145 Posts
 Posted 06/18/2012  10:41 am  Show Profile   Bookmark this reply Add lostsean to your friends list Get a Link to this Reply
In theory,

Gold and silver should go up, but will go down with it euro for a while.Once euro is gone there will be a balance.
We see new highs? gold 2200+ oz (aus) silver $65-8o oz (aus)

If you look at which nation has most gold and silver reserves,you'll see the IMF seems to be in 3rd place, the same people paying off nations debts in gold and silver reserves leave the nation, broke and with nothing to back it.

since when did the IMF become a nation?
In 50 to 100 years no person in the general public will own much of what we have today.

I think the U.S.A is ready to hand over some more after July, in the long run it can only go up in price but as the $ suffers how can you not take a chance on gold and silver,its up down , levels out higher every 30 years or so to adjust no updated economy,just have to hold on to it for at least another 5-10 years you might be able to retire.

It's going to hit like the 2008 crash, only this time there is no answers,but when wall st have hands on there head's,and I'll have balloons out as is that when physical gold and silver, show there true colours,paper stocks are manipulated.

.

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