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Originally Posted by parsonsj;
They don't have a Fed that can backstop their banks and be the lender of last resort
And thank goodness we have our own currency, and a Fed that can intervene to prevent disaster.
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While I think your argument is full of more holes than swiss cheese, I must give you a
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I count on the madness you speak of from this administration, and i have made more money on Precious Metals than I spent on my car..
So while I don't agree with you, I am laughing all the way to the bank. Sure I am shaking my head in disgust about what is happening to the Country and the Devalued dollar, and I think the FEDS are crooks, I will continue to make money due to the exact things you talk about..
I will continue to run my Portfolio betting on exactly what you argue, because although I know your argument is the wrong thing to do for this Country, I sure will take advantage of it at every turn...
Normally I only run 5% in Metals for Insurance, but until the administration changes, I will stay where I am, betting on the FEDS