Steevo

US Economy Still Has a Ways to Go

I think its a reasonable assessment Michael but I'm not sure you were negative enough. I think the consequences if Fannie and Freddie becoming insolvent pose the possibility of something akin to a 1930s scenario. If the government takes them over the government takes their debt which just about doubles our current national debt, just imagine the rise in taxes for starters. If the government doesn't take them over but gives 'support' for a while until they eventually fall, we will not only be in an official recession but very possible a depression.

Right now is a good time to take gold very serious.