Buy Gold, Silver, and Commodities, Stop Naked Shorts!
Sunday, September 21, 2008 | John Dalt Is this Spam?So you thought you lived in a Capitalist, Free market country. A trillion here, a trillion there, petty soon your talking real money! Speaking of real money, buy gold and silver. Even better, buy gold and silver miners. A 20% increase in their commodities prices traslates into a 50% increase in profits. No matter what the government does, gold and silver go higher.
If congress (taxpayers) "backstop" all the mortgage debt and money market funds, Bernake has to run the presses for another trillion. Just imagine how many earmarks and pork can be larded onto that bill. All for "the good of the country". Gold and silver go up!
If cool heads prevail, the SEC could enforce the law and stop "Naked" short selling. The Fed keeps the discount window open, Treasury backstops money markets and SEC prosecutes "Naked" preditors. Bernake has to keep the presses running for less than a trillion, but still more dollars than are in existence today. Gold and Silver go up!
Either way, more money = inflation. Inflation = higher gold, silver, and commodities. Be careful, gold is gold, silver is silver, all comodities are not equal. We'll save that for another article.
