Americas Silver Corp fka USAPF

[Montanore]

Excellent post and I agree with everything you've written.

I wonder, though, if paying down debts via austerity can be sustained. Austerity has been put off for far too long. Instead of some short term pain and belt tightening, it could now become excruciating. The crushing burden of debt and entitlement spending will probably be met with inflation. We'll get either a hyper-inflationary event or a deflationary collapse. What a choice. Both lead to a lot of pain. Those holding gold and silver will find either scenario less painful.