 I sure wish I could buy bonds, and pay the bank with some
paper notes I ran off on my color printer.
Heck, then all those bonds become an asset, and I can leverage them
about 10:1, because, hey, I'm a bank too.
Nice scheme, but when guys like Madoff try to run it,
they get arrested.
Remember Miliken and his junk bonds?
What about the empty shell of freshly printed dollars,
the smell of that expensive ink wafting through the air....
There's always an empty shell, whether in Ponzi, or in QE.....
"Monetization" is a fancy word for a huge, massive, empty shell,
or "cash bubble" the Fed prints to cover it's cost of borrowing.
And because they are the Bull in the market, their very own purchases
funded by Monopoly Money means they pay a super low interest rate
as they inflate the very dollars they need to pay back the debt to
the institutions they are purchasing assets from.
Look, if you are a small investor, and you can put a few bucks away
every week, and you can't watch the market every day, just pick an
affordable monthly figure, even if it is just $50 a month,
and start accumulating metals. Get started now, prices are low
and my friends, they are dropping as I write this.
Silver is once again kissing $18 so have a garage sale,
sell some stuff you don't need, silver may go to the $16 range,
I don't have a crystal ball.
What I do know is that metal cannot stay this low forever, so if you are new
to the metal world, you will feel great the day that first coin arrives,,,,,,and remember:
DCA, all the way!
PS: New investors: don't go for speculative trades on rare coins. That is for
experienced numismatist investors, leave that to another day........Buy bullion!!!
Buy coins or bars as close to spot as you have time to shop for friend,
and buy every month/week with a controlled outlay of your hard earned cash!
Dollar Cost Average this dip friend!
 Commented 3931 days ago |
