GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

Yes, I saw this coming way back when and started buying up as many Krands as I could afford and get my hands on. Most came from Tulving. I also purchased a couple bags of 90% US coins at the same time period at around $4.70-80. I picked up more at around $6 and have been getting it in bits and pieces where I can. Mainly at auctions. I do believe silver will give a better % return than gold. New uses for silver are found every year consuming more and more of the metal. Many silver mines have closed recently as the cost to produce is more than the artificial spot price. I may be wrong on the silver as many more blogs are speculating the FED may just up the POG to as much as $10,000/0z. We discussed that here last week as the perfect place to put all those dollars being printed to avoid hyper inflation. It's all just a theory right now, but who knows. It seems everything the gov't does just makes things worse. We're up to almost $9 Trillion bailing out everybody when the gov't could have purchased all those sub prime mortgages for under $3 Trillion. The US economy is in shambles and the US gov't is bankrupt. No one in authority will admit it. Remember all that talk about an Amero currency? I pooh poohed it for a long time, but I'm not anymore. I also not too long ago believed the gov't wouldn't attempt to confiscate gold, but now I'm not even sure about that anymore. Obama is running around now say the problem won't go away this year. I think he is too short sighted. The pain has just begun and there's lots more in the cards for the USA.

..........al