Replies to post #16942 on ***Precious Metals Investors Club***

[milo3]

The U.S. debt is at $16,000,000,000,000 (16 trillion) and rapidly growing. With future entitlements included the estimated debt is figured over $ 100,000,000,000,000 (100 trillion) and rapidly growing. With roughly 40% of U.S. budget funded with borrowed currency (which is about to end) the rabbit hole leads to exclusively printed U.S. currency to fund government's appetite. Future debt numbers appear to be beyond comprehension. There is no way out of printing zillions of dollars short of a total default. So...when the Bernak says he sees no need of Q3 and our Pravda like U.S. news media insinuates things are well
remember it's all part of a Fed' propaganda game.
As Mike Maloney likes to offer, Gold and silver periodically audit the currency (count) and increase in value to balance the books.
If we think as long term gold/silver investors the manipulation has helped us accumulate more ounces. It's likely when the end game plays out the number of ounces will be most important.
Let um manipulate the prices down. I'll just be able to accumulate
more : ))
Sooner or later I suspect the Chinese will guarantee a very high value on gold & silver.

[mick]

silver does look to holding support better than gold