Buyers, who have legally contracted to take physical delivery of metals, are said to be accepting large, paper bribes to accept a cash settlement instead. The reasons are obvious why there has been a great deal of discussion about actual, formal “defaults” in the precious metals markets. Among those “obvious reasons” is that informal defaults are apparently already taking place in both gold and silver markets. Beginning in the London gold market over a year ago, and now rumored to be occurring in...
by Robert Kiyosaki posted on Dec 23 07:30amFor some, the recession has been like Hurricane Katrina. For others, the recession never started. The reality is, unfortunately, that it’s far from over. Is the recession really (not just technically) over? Is the economy coming back? Are jobs coming back? Obviously, the answers to those questions depend upon whom you talk with. As the old saying goes, “If your neighbor loses his job,...
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