some of us just might make a small fortune. If the Chicomms really do default (and I think they will) the golds and silvers will rock like you have never seen before on the comex. If I told you the levels that silver and gold would shoot to, you guys will not believe me.
I will give you a hint on silver, it will have a few zeros after it within a day or two of such a situation. Chapman is a smart old coot with contacts on the inside.
I think we would see high $20's and the dollar fall to close to $1 for 50Yen. We're about ready to test the lows now.
The admnistration is sweating the next year in recovery mode before it tips its overnight rates higher. The moement that occurs, the herd will flock over to paper again, and the windmills will tilt in the other direction.
It's the way to fight the dollar decline, and for those that don't think the beginning of that cycle will bring the guestimaters in who think it won't stop till 4% in advance of that happening by months or years, think again.
We're where we are with gold and silver primarily because of anticipatory inflation that has yet to rear its head--officially.
If this were to happen, you had better know when to sell your stocks in Silver Wheaton and other gold and silver miners because the government(s) will seize the mines under some emergency declaration about "hoarders", "speculators", or other such unsavory types manipulating the markets and financial system to the detriment of "the people".
As most people do not own gold and silver stocks it will be politically easy to do this.