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<p>[QUOTE="fatima, post: 889048, member: 22143"]The definition of "recovery" is to return to a state prior to the one you are in now. You just said..<blockquote><p> <i>"...the past decade of growth prior to this recession was debt fueled, and you simply cannot sustain economic growth like that."</i></p><p><i><br /></i></p></blockquote><p>So if everything that is being done is to recover to that state, then I think you have your answer to what is going to happen to PMs. The only change to where we were and where we are now is in who is taking on the debt. It was private prior to the the crash at the end of 2008. It's socialized now. The problem is, that in both cases, it's not sustainable. Remember Obama and Co borrowed an additional $T and simply threw it at the economy. One would have hoped there might be some short term effect. </p><p><br /></p><p>I think that Gold and other PMs are going to continue to rise because they are not burdened by these obligations that directly affects their worth.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 889048, member: 22143"]The definition of "recovery" is to return to a state prior to the one you are in now. You just said..[INDENT] [I]"...the past decade of growth prior to this recession was debt fueled, and you simply cannot sustain economic growth like that." [/I][/INDENT]So if everything that is being done is to recover to that state, then I think you have your answer to what is going to happen to PMs. The only change to where we were and where we are now is in who is taking on the debt. It was private prior to the the crash at the end of 2008. It's socialized now. The problem is, that in both cases, it's not sustainable. Remember Obama and Co borrowed an additional $T and simply threw it at the economy. One would have hoped there might be some short term effect. I think that Gold and other PMs are going to continue to rise because they are not burdened by these obligations that directly affects their worth.[/QUOTE]
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