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iShares Silver Trust Message Board

  • livestrong1003 livestrong1003 May 22, 2013 4:00 PM Flag

    Stats to support silver

    Because baby boomers are entering retirement age, their sector will cause a higher debt load to the budget. The baby boomers group is huge. The 55-64 age group has grown by over 50% in 10 years (US census bureau 2010 vs 2000). The 20-50 age group has grown by 5%. Federal spending is about to ramp higher. There has never been a spending decrease in federal outlays, while Congress will continue to refuse to increase their tax rate.

    The US demographics show that our aging population is merging into retirement creating additional strain on medicare and social security, while a diminishing work force is expected to carry the increased load. No lobby group is asking to have their funds reduced or their tax rate increase.

    Please check the demographics yourself. The US deficit is about to ramp higher, even without any external, unforeseen events. In 2 years, the deficit will become uncontrollably large.

    While QE might ease in the short term, ultimately it is going to increase much higher than anyone is currently stating. While Ben may be in retirement, his successor will be left with no options but to ease beyond all expectation. The opportunity to fix the problem was yesterday, while today's solution is painful, tomorrow's is impossible.

    All metals will easily reach new records.

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