gold breaks out, page-116

Hi Rowingboat,

It was my impression that the Fed was buying (most likely worthless bonds / mortgages) from the banks stuck with them at 100 cents on the original dollar value and taking them onto their own books. So relieving the banks of this worthless paper and replacing it with what I am sure the bank would see as a fresh $1 M asset on their books. (Even if only in electronic form at this time.)

Unless this is the case then no money will ever be available for loans until we see genuine savers back in the system. (Make take some time IMHO.)

You have not convinced me that money will not be printed out of fresh air at some point but many thanks for trying.

I’ll continue holding and buying Gold and Silver.

How if you don’t mind me asking are you going to protect yourself for what my come in the near future?

Cheers sir and very best regards: Andy