Saturday, April 16, 2011

Let's talk bubbles

Many pundits and experts completely missed the decade-long bull market in gold and silver, so they are now declaring a bubble in precious metals (it's interesting that they now consider themselves experts in asset bubbles, considering they completely missed the bubbles in internet stocks and real estate).

Let's talk bubbles.  The US national debt ceiling has already been raised 92 times, on the eve of it being raised again.  It is baked in.  The first debt ceiling was $45 billion.  It is now $14.277 trillion, an INCREASE OF 31,627%!

Gold and silver are not in bubble territory, in my opinion.  The bubble is forming in US Treasury debt--and the USDollar.  Hold on to cash, and you're losing purchasing power with each additional dollar the US Treasury prints.  And they are printing trillions, there's no mistaking that.

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