Originally Posted by
Area67
Gold and silver are complicated and heavily manipulated metals. They have unparalleled industrial applications that create steady demands as well as being a 'hedge' against unstable fiat currencies (print $ at will). The U.S. is a state of hopeless unresolvable debt (debtor nation) to other creditor nations (primarily China). Creditors always dictate terms. Major world economies have been in and out of bankruptcy since WWII, The Euro was essentially a massive currency devaluation, Brazil and Argentina defaulted, the U.S. waters down the value of the dollar as much as possible to make the oil purchases cheap. On top of that there is world market buying and selling huge quantities of currency. If you really think of it, the things that have real value are the commodities not the fiat money they print off. Chinese and Indian demand will keep the value of these metals strong in the future, prices will rise,level,rise,level. Copper is the real metal of the future. Great reading is Game Over written Leeb, great metal and oil analysis.
Believe it or not we only owe china six percent of our debt give or take a few percentage points. Here is a slideshow I dug up from CNBC I knows its outdated heck as we speak out debt is growing. Six percent is still a huge number when you look at 15 trillion dollars of debt. Did you ever believe in your life that you would hear people throw around numbers like billions and trillions and think nothing of it.
http://www.cnbc.com/id/29880401
http://www.cnbc.com/id/29880401
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