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<p>[QUOTE="InfleXion, post: 1239680, member: 29012"]Every part of my being says this 'should' cause PM's to go up, but there is the lingering feeling that the paper market will be driven down along with the tide. I did lock in a small purchase today to get some silver coins I didn't have just in case the supply gets drained if we do get lower prices (10 days before delivery process begins). I would not be surprised to see a better dip, but I'm not going to base my decisions on the expectation of that either. This is very bullish for metals fundamentally. </p><p><br /></p><p> I doubt France has long before they join us. New Zealand bonds are a lot safer than both and they only have an AA+ rating. Cost of borrowing is going up indeed, and that doesn't help deter future downgrades any. This is where the downgrade could potentially be seen as a big deal, if it causes a vicious cycle, rather than in and of itself.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1239680, member: 29012"]Every part of my being says this 'should' cause PM's to go up, but there is the lingering feeling that the paper market will be driven down along with the tide. I did lock in a small purchase today to get some silver coins I didn't have just in case the supply gets drained if we do get lower prices (10 days before delivery process begins). I would not be surprised to see a better dip, but I'm not going to base my decisions on the expectation of that either. This is very bullish for metals fundamentally. I doubt France has long before they join us. New Zealand bonds are a lot safer than both and they only have an AA+ rating. Cost of borrowing is going up indeed, and that doesn't help deter future downgrades any. This is where the downgrade could potentially be seen as a big deal, if it causes a vicious cycle, rather than in and of itself.[/QUOTE]
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