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Greece has defaulted on its IMF payments... What it means...

Quote:

Originally Posted by GordonJ (Post 35420)

"Gold has never NOT had value." G. Gordon Liddy, pitchman and former "plumber" of Watergate infamy.

And the well heeled herd believes.

When the markets crash, it more than likely will not be because of a natural disaster (although could be)...it will probably be a result of political moves in the world currency markets, IF there is a split over whether the dollar remains the "gold" standard of trade.

Greece just defaulted on its payment due to the IMF...

Why should anyone care? Greece is just a small country, by world standards...

They care because people fear the "domino effect"...

France, Italy, and Spain all also owe huge amounts to the IMF. What if they default too?

Greece owes 57.23 billion euros, France 42.98 billion, Italy 37.76 billion and Spain 25.1 billion.

It'll be a race to get your money out of the market before the next guy does...! We can see some of that already, with the recent fall in the S&P 500...

Not saying we're there yet - it depends on what happens with Greece, and whether other "dominoes" are in danger of falling...

But, where will that money taken out of the market go?

Generally, cash, bonds, precious metals...

Is that what will happen? That's what some people are fearing...

Best wishes,

Dien

Re: Silver, gold, diamonds vs knives, guns and bullets

I realized the forum and thread importance last night when i was reading it out for the first time. I am so surprised with the knowledge of contributors to this forum. Thanks for lovely platform.

Instead of Gold...

I've got a stash of water filters and coffee.

Worth more than gold when it bottoms...

Gordon

PS. Plus the ammo.

PPS I miss Kurt Saxon

Quote:

Originally Posted by Dien Rice (Post 35528)

Re: Silver, gold, diamonds vs knives, guns and bullets

No one is active in this forum. Why is that?

Where have you been the last 6 months?

Quote:

Originally Posted by Begather (Post 36363)

No one is active in this forum. Why is that?

You have two posts. One, a thanks for the forum, the second which wonders why there is limited activity.

Can you see the answer to your own question?

Any forum is as active as the users make it. Although many are filled with takers, who visit, and on occasion criticize, but don't contribute.

So, step up and post or stand down on your stupefaction.

Gordon Alexander

Re: Silver, gold, diamonds vs knives, guns and bullets

Quote:

Originally Posted by Begather (Post 36363)

No one is active in this forum. Why is that?

We're currently getting over 2,000 unique visits a day... Yesterday, for example, had 2,277 unique visits. A few days ago we had 2,949 unique visits. The number of visitors are more than ever before...

People like what they read here...

We kill spam, we're very tough on spam. That policy won't change...

- Dien