gold, page-46021

Hi Timber1956 and all,

Looks to me like someone holding a basket-ball underwater in their swimming pool, won’t last!

$57 Billion here 60 Billion there and pretty soon you are talking about serious money, still as we know these debts and bank problems just don’t matter when you have working printing press.

I see the bad debt problems are cropping up all over these days, Germany, India, Turkey, Italy and apparently even Spain!

“Deutsche Bank has a €60bn problem, but doesn't want to talk about it”

http://www.ifre.com/deutsche-bank-has-a-60bn-problem-but-doesnt-want-to-talk-about-it/21337873.fullarticle

https://wolfstreet.com/2018/08/02/consumer-debt-surges-in-spain-banks-love-it-regulators-begin-to-fret/

https://www.bloomberg.com/news/articles/2018-07-04/india-s-growing-bad-debt-problem-is-second-only-to-italy-map


I suppose if the Argentinians don’t mind their middle classes feeding from waste bins as they now do in Greece it’s no real skin off my nose.

However, with all this madness going on around the world I for one am happy to hold onto my physical Gold as insurance against having to food forage in waste bins or being reduced to the Australian pensioner pet mince diet!

Cheers and very best regards: Andy