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starboy

10/15/08 10:46 AM

#24006 RE: DeepBlue1 #24004

More and more from what I hear, sometimes listening to CNBC's Asian and European Squawkbox at night where you get even more 'takes' from their perspectives, it seems like the US Dollar is still the only go to currency, even though the dollar's buying power is being weakened by the dilution of our domestic printing presses which are cranked up in these times.

And yes, I heard there that the Europeans are in worse shape than we are currently.

Yet we have a record Federal deficit of $455 Billion dollars!

It's only when it gets really bad economically that silver may 'produce' as a value related to the precious metal it is, and not only to its relative use as an industrial metal, and in jewelry. Or so it seems to me on this end.


Starboy