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Endeavour Silver Corp. Message Board

  • newscentral2002 newscentral2002 Feb 28, 2013 3:12 PM Flag

    Open for discussion

    We had a post from a fellow poster a couple of days ago about Germany, their gold and the New York FED. I decided to update myself about that and did more research. I noticed a statement in one article on how the government of Mexico is going to buy and stockpile gold and silver. Chinese sites and MIT believe that China will purchase record amounts of gold and silver in the next 12 months. Open for discussion

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    • Saw something just yesterday where Mexico was in process of asking England to return their gold they had in storage for them. Go figure, Mexico storing gold in England???.....I wish every Country would demand their gold back from the the crooks in NY and London.

    • yes countries know that we are in a global debt bubble. everyone wants to get their hands on gold and silver for what that inevitable day comes that the debt bubble crashes. they seemingly are positioning themselves for the day we eventually return to a currency that is backed by gold. the dollar is currently backed by oil and every opec country buying oil has to buy it in u.s dollars. an advantage no other currency has which allows for us to print money a lot easier than other countries without the consequences. they will continue to print and kick the can down the road and prevent austerity as much as they can. they cannot stop printing money or bond rates will go up. not to mention the interest the u.s pays on it's debt would increase. so it seems like a no brainer the fed will do everything in it's power to keep interest rates low. stop the gravy train and watch the stock market and bond market crash. they will print and print and print until the debt bubble pops.

      the sequester thing will definitely cause some swings in gold and silver over the next couple days. anyone holding will either make a lot of money or lose a lot of money and it can swing both ways as rumors are leaked and news hits the wires. it will either be the catalyst to cause the market to sell off or the catalyst to bring us to new historic highs. also you may see a debt downgrade on the u.s. the fed put a lawsuit on s&p and part of me wonders if that was used as leverage to prevent a downgrade from them. who knows. However all this QE doesn't have the effect you think on gold and silver. it seems with each recent announcment of more QE or continuing it only has this initial pop then the next day it resumes it's downtrend. ignoring the demand for gold and silver around the world. to me it makes way more sense to go up than down but logic hasn't really been working out lately for the metals.

    • Well, they'll be getting it at a discount. That's for sure!

 
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