Replies to post #30823 on The Friendly Money Making Board

[DeepBlue1]

I'm pretty convinced now that the deflationary effects of a massive global slowdown is going to outweigh any INflationary effects of "possible" money printing coming down the pike.

The fed is determined to take the alternative route of "borrowing money" from US with the promise of a payback with a potential profit rather than just printing up a bunch of new bills to "liquidity" our way out of this.

I personally don't think this bailout/rescue/brainscrew is going to work, and printing massive amounts of new money will have to come later, but for the mean time that's not the case.

So, silver/gold is not going to hold up as it would in a normal situation where inflation would rule the day.

[DeepBlue1]

Notice too that oil is down and the dollar is up against the Euro...not because the dollar is strong but because the Euro is weakening/failing now.

I think for the near future that the price of oil will be a good indicator for gold/silver prices, and as it falls in the face of quickly diminishing demand that silver/gold will follow suit...until the bailout doesn't work and they finally resort to printing money again as the final solution.

JMHO of course.