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AuFinger

Member
  • Posts

    164
  • Joined

  • Last visited

  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    AuFinger got a reaction from KDave in Silver Monitoring Thread £ (GBP) only.   
    No one wins in the casino except the house.
     
    The only way to win is not to play until it's unwound.
     
    Being in anything at any point now is pretty risky unless you know which way the house is gonna play.
     
    Even cash in the bank isn't safe, just look at Cyprus, Greece, and last I was reading Austria is looking to alter it's deposit protection scheme. Even under crazy EU rules the UK is now lowering it's deposit protection so it's in line with the EU zone level in Euro equivalent value.
     
    However you view it, PM right now are a fantastic buy for the medium and long term.
  2. Like
    AuFinger got a reaction from SolidSilverBogbrush in Silver Monitoring Thread £ (GBP) only.   
    Problem is when PMs aren't being bashed down to perpetuate the 'awesome' narrative, you won't be able to buy them as people will hold them.

    Now is the time to buy, at the subsidised lows while you have a job to be able to buy them.
  3. Like
    AuFinger got a reaction from Cointreau in Silver Monitoring Thread £ (GBP) only.   
    I'd agree if the book stopped with Greece, but the PIIGS will just become PIIS.

    And as debt leverage unwinds the obvious indebtedness of the PIIS is magnified for mere mortals to see, rather than hidden in bamboozling economic speak and accountancy fluff.


    I suppose it's called contagion for a reason, and a perfect example of why the times we're in are unsustainable.
    Debts sold to others as leveraged collateral for more debt is a recipe for disaster, and a disaster pie is what we're all gonna be eating soon.


    The last thing the ponzi needs is members leaving!
  4. Like
    AuFinger got a reaction from HelpingHands in Silver Monitoring Thread £ (GBP) only.   
    I'd agree if the book stopped with Greece, but the PIIGS will just become PIIS.

    And as debt leverage unwinds the obvious indebtedness of the PIIS is magnified for mere mortals to see, rather than hidden in bamboozling economic speak and accountancy fluff.


    I suppose it's called contagion for a reason, and a perfect example of why the times we're in are unsustainable.
    Debts sold to others as leveraged collateral for more debt is a recipe for disaster, and a disaster pie is what we're all gonna be eating soon.


    The last thing the ponzi needs is members leaving!
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