gold, page-42798

Hi Crom Valen and all,

What I want to know is: How are they going to raise rates when the Dow is so frickin fragile????

In my opinion they will have to in order that they have some wriggle room in the next GFC, once they have a problem the only fix is to lower rates as they did in 2008. However, in order to lower rates as a fix they must be at a level that can be lowered from something that at present is hardly possible.

Unless the public are happy to accept interest rates at minus 5% in the future I feel they will have to raise interest rates. The thing is none of us really know much about this because we have never been in such a situation in all of history!!!

If they do raise interest rates on the 21^st I reckon you ought to buy me a beer at least or if you can afford it a half decent bottle of champagne.

Hi Fudley61,

I don’t know about others, but both my UK and Australian physical Gold stashes are well and truly outside of the regular banking system and I would not have it any other way.

Lets just hope whatever plans we all have to protect ourselves from the coming financial maelstrom are good enough for us because I’m sure it’s coming.

Cheers and very best regards: Andy