Replies to post #14536 on Tsafi

[kevin252]

Oops sorry Popeye, I wasn't really clear. When I said "we're screwed", I was actually talking about the American people in general (taxpayers in other words). But yes, it looks like the deal fell through for now; apparently some of the members of congress have some common sense...

Actually, whether or not the deal gets approved makes no difference for gold & silver in the long-term as far as I can tell. Either way the dollar gets pummeled, and that one catalyst alone will propel the metals (of course, there are many other catalysts as well).

[kevin252]

I should also mention that I thought your points about silver were very good as well. Even if the American economy goes down (if it hasn't already), China along with some other countries will continue to grow and that will keep the silver demand very high. And I also know that some of the silver mining companies are cutting back on silver production because of the current lower prices, so that will put even more pressure on the silver supplies.

There have been so many good articles lately about this horrible "bailout plan". Roger Wiegand is one of my favorites, and he doesn't disappoint with his latest:

http://www.kitco.com/ind/Wiegand/sep242008.html