I read the story on Bloomberg this morning regarding the failure of the initiative, particularly the apologetics. It seems, that just like in America, the people were fed a pile of #$%$ from their central bank and gobbled it up like so much free ice cream.
You were aware, weren't you, that the US is now the wold's leading oil producing country again? Since most is being consumed here, not only have gas prices been falling, but because the Saudis have based domestic spending on revenues from their oil sales they cannot simply turn the tap and reduce exports. In fact recently they indicated they may have to boost production for the reasons cited above.
And might we also be able to say that the Swiss are damned fools for not approving the measure given the opportunity?
You're quite likely to be right; the measure will probably fail. I have no faith at all in government controlled balloting anyway. Stalin was right: it's who counts the votes that matters. But for the sake of argument/discussion what if the Swiss did approve of the referendum. How would that impact the metals and the markets? Would it launch a rally that could break the "banks"?
Which one of you blithering idiots would actually tell others to make MJNA the centerpiece of their investment portfolio?
This should not be the focus of your investment strategy. You would be better served buying something like SLW, for example, and reinvesting the dividends.
I agree. Vertical integration seems imprudent as well as quite costly when quality control can be the answer to procured raw materials.
so easily misinterpreted to mean anything other that the Mexican silver mining operation that trades as AG.
I was wondering if anyone else was thinking that simply because they have held silver off the market, all for higher prices, that they did not deserve the current valuation and were a screaming buy here.
I wistfully look forward to that day myself.
And I suppose you know, too, that Kaiser Wilhelm was kicking butt and taking names up until the Rothschilds took away his financing and gave it to the Brits instead for a promise that in its fulfillment became the Balfour Declaration????
And I might add that when he was apprised of the removal of the financing he offered a peaceful solution to the conflict— that everyone return to their previous borders and just forget it ever happened. It was the Brits that, with their deal with the Rothschilds, were bound to continue the prosecution of the war.
Side note: It was Winston Churchill that engineered the situation that resulted in the sinking of the Lusitania, which, in violation of America's claimed neutrality, carried arms and munitions bound for England... and the few Americans aboard... just enough to incense the American public.
Those societies did not fail as a direct result of using gold and silver as their money. They failed for a wide array of reasons of which militaristic over-extension leads the pack. Here Rome comes to mind. World history can be boiled down to a series of stories about one people falling on the neck of another, not because of gold and silver per se, but rather because those that aspire to power and control are generally psychopaths.
Haven't you answered your own question?