Francis Schutte

Did the ECB Save COMEX from Gold Default?

What ever is written or said about Gold, history will judge like it did many times in the past. Yes, I agree that gold is Barbaric. However, each time the authorities did what is done today, people with Gold came out a lot better than people holding Fiat paper money and Govenment bonds. I still hold a lot of Reichsmarks, and even Gold guanranteed government bonds. An heritage of my grand father. I advice all wise noses to READ some history books. The Age of uncertainty by Galbraith is one I would advice for it explaines why we have the same cycles over and over again.
In the end, whatever happens, there is no doubt holders of Gold will survive. Of course, I can be wrong...but in this case, they'll have to rewrite all history books.

Did the ECB Save COMEX from Gold Default?

What ever is written or said about Gold, history will judge like it did many times in the past. Yes, I agree that gold is Barbaric. However, each time the authorities did what is done today, people with Gold came out a lot better than people holding Fiat paper money and Govenment bonds. I still hold a lot of Reichsmarks, and even Gold guanranteed government bonds. An heritage of my grand father. I advice all wise noses to READ some history books. The Age of uncertainty by Galbraith is one I would advice for it explaines why we have the same cycles over and over again.
In the end, whatever happens, there is no doubt holders of Gold will survive. Of course, I can be wrong...but in this case, they'll have to rewrite all history books.

Wall Street Breakfast: Must-Know News

I liked the note about the BP staff not seeing their visa renewed. Such a situation is typical Russian...we have a lot more after WWII when the Iron Curtain was closed. I would not even think of investing a dime in this country.