Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.
It may be in the cards for the FED to go BK, as part of the plan.
That wouldn't be good for the dollar though.
Gold and silver related assets only and you can bring that wheelbarrow of cash to buy some food.
Not 1 in 100 people in this country own silver and gold coins. You're nuts if you think it will ever be widely accepted as currency. The money masters already have a plan for a new currency, and you can bet they'll inflict as much damage as possible on gold bugs when the time comes for the switch. Gold and silver are good intermediate term investments; those relying on it to buy them food someday are delusional. If it comes to that, they'll just shoot you and take it from you.
I'm about 80% cash, sold my SLW at a hefty loss today (I know I know). SLW/Miners not what they once were, pure manipulation, has little to do with silver prices as of late.
Over all I made plenty with SLW, but i am tired of the games. If this does get down to $22+/- level I'll be back.
I am hanging on to SVM and plan on picking up some more at rock bottom, but i don't need two of these casino's.... SVM taking a beating, a better bargain as of now. I like SVM.
Hanging on to my physical as well.
The whole market sucks and I just want out for a while. Bargain shopping soon enough, and i mean bargains!
If you never heard of Brooksley Born, you need to watch this video. She uncovered the derivatives market during the Clinton years and tried to expose it. She says it's still not fixed and will be what brings the house down.