I posted on one of my other juniors i own a rant regarding why those of us who own pm's and the right mining shares(yes explore is one of them ) that what is going to truly make fiat money move into rEAL money is a loss of confidence in the system.Last pm bull market 70's, 20 percent of global assets were participating in the run.Note that didnt include CHINA or other emerging markets.Currently 1.5 to 2 percent of global assets are in pm related instruments,with a good chunk in pooled unallocated ponzi schemes called GLD and SLV(where the fox is guarding the hen house (think JPM and HSBC).Bubble ...NOT!!!!!Back to my point of confidence.IMO 2 recent events will rattle the markets more than anything and that is the mfglobal debacle where customer segregated accounts always were considered sancrosanct.That is not apparently being upheld and there is reports of a last minute 350 million transfer of funds from mf to JPM.Lots of bonafide and nonbonafide hedgers have left the comex,which the CME is suppose to SELF REGULATE!HA! Now the second event which will DEVESTATE CONFIDENCE...THE ISDA ,international swaps and derivitves association comprised of 14 banksters all voted that the greece default was NOT a credit EVENT!!!That means the fox again guarding the hen house is ruling(for their own self interest) that the CDS's they sold to GREECE debt holders is not a trigger for an insurance claim(CDS CLAIM)In other words the gLOBAL BANKING CARTEL WILL BE OFF THE hook.Confidence/trust rules the world,whether in families,relationships,business and money.Confidence is close to being gone and hard working folks who save are getting hosed and are beginning to get it.They will seek rEAL MONEY..physical AU and AG and quality assets in the ground.The mania phase in pm's will happen imo in the next year or so and will be the RIDE of our life.My hope is the mgmt of exs does not further erode our confidence in them .I can only double down so many times on a once in a lifetime elephant discovery.Peace to all and i pray no fox is guarding our explor henhouse.PS i hope all own physical gold and silver as that is the most critical part of ones assets...Think no counterparty risk as long as you hold the bullion yourself.Hope my rant provokes some healthy thought and action.
