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<p>[QUOTE=&quot;desertgem, post: 1135206, member: 15199&quot;]One of the worse things a new investor can do is to take serious the projections of the extremes and not look for factual backing, even if it a derived indications.</p><p><br /></p><p>The US debt is not in difficulty towards default.</p><p>There will be no precious metal based currency in the near future. read the many threads in the bullion section on this. </p><p>The US$ will not be replaced by another world currency in the near future.</p><p>There is similar chance of deflation as inflation. </p><p>Most TV business channels, and precious metal websites and newsletters excite the hope in people, but only benefit few in the end.</p><p>One should hit the ball that is being pitched and not wait with the bat on your shoulder until the 3rd strike goes by. </p><p><br /></p><p><a href="http://www.cnbc.com/id/38451750/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cnbc.com/id/38451750/" rel="nofollow">http://www.cnbc.com/id/38451750/</a></p><p><br /></p><p>For instance look at the above URL:&nbsp; Credit default values. This is the amount $ it costs to insure debt of individual countries in $1000 to insure $10,000,000 debt. The higher the cost , the more likely of default.</p><p><br /></p><p>As expected, the Sweden/Switzerland 5 yr. rate is the lowest given at 32</p><p>The US is currently #4/5&nbsp;&nbsp; with A 5 YR. rate of 43, even less than Germany 48 or Japan 103</p><p>The worse is the PIIGS , with Greece at 1011.</p><p><br /></p><p>Forums may consider the US debt load will cause default, but the insurer pros do not.&nbsp; </p><p><br /></p><p>Read and research before making any&nbsp; investment.&nbsp; All is IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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