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Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

NxNW

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After such a sharp rise, a pull back should be expected.

With the weakening dollar, with teetering on a dot com bust, with teetering on a office building bust, and the potential for that to cause bank failures, and rising tensions of war worldwide, I expect to see continued investment in the safe haven of monetary metals.
With a history of poor returns, they're not much of a safe haven.
If the price keeps dropping; it presents greater opportunities to buy more.
Because who doesn't want to lose money!
Strange that the Corpratocracy media haven't been reporting as these metals have been sharply ascending.
Thats because they're busy reporting the crash.
 
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With a history of poor returns, they're not much of a safe haven.
Really?

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Why do you suppose that central banks are buying it up, and taking delivery, to the point that there is a shortage?

When the stock market crashes; the little guys will be left holding the bag. When the dollar is devalued through inflation; those farthest from the source of the currency, feel the effects of it's diminished buying power the most. When all of the paper in the stock market, and all of the paper in the currency supply are exposed for the house of cards that they are; physical commodities with still have real value.
 
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So they can sell it to gullible investors.
How can the LBMA actually sell to investors; if they are defaulting on physical deliveries?

Do you really believe that the central banks are gullible investors?
 
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Do you really believe that the central banks are gullible investors?
No, I think the average Joe who gets a postcard about investing in gold, and then does so because he believes the sales pitch, is gullible.
 
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No, I think the average Joe who gets a postcard about investing in gold, and then does so because he believes the sales pitch, is gullible.
What makes Average Joe's purchase any different from Banker Bob's purchase?
 
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Doesn't surprise me. Most folks I know in the US have cars they can't afford on monthly payment plans amongst other unnecessary expenses.
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For many who don't have access to public transportation, cars are a necessity, outside of being reduced to the horse and buggy days.
 
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