View: Silver Coin Values
From Time Magazine:
A bond market collapse would be like a gastric bypass, stomach stapling, and liposuction all in one operation.Bring it on!
You go ahead and do that Uncle Sam. Exercise, eat right and cut back on expenses. You don't mind if I add a bit more gold to my pile, do you?
In the cartoon, Uncle Sam shouldn't be running (or even walking). Instead, he should be riding in one of those motorized wheel chair/scooter things you sometimes see at Wal-Mart. To be able to put one foot in front of the other implies the possibility of recovery, which seems extremely unlikely at this point.I suppose if we wanted to be REALLY accurate, Uncle Sam would be a corpse with a bunch of politicians standing around him brainstorming ways to convince people he's still alive.
I am not sure the bond market will collapse. US should be able to afford interest payments for a long time. I think 3% per year return might be quite reasonable for the next ten years. What's likely to collapse is health care bubble The gold price is pretty crazy right now. I am pretty sure that the trend is up for at least a couple more weeks. However, once it will become clear that US will nationalize CITI and Bank of America, and Europe will nationalize a couple big banks, gold will dive 25-30%. The uncertainly is what's helping right now.
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