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What do you think will happen to Silver in the next few years??
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<p>[QUOTE="Bluesboy65, post: 1083355, member: 23329"]Rono, first of all thank you for your service. Second I like how you break it down! One thing I would add to your $14T of debt section, I agree with the danger of the unfunded liability point and I will be shocked if the new congress is actually able to change any of that but I do commend those who are giving it a go. Oh, the thing I would add, if interest on the 10 year rises 1% our interest payments to foreign gov'ts will increase by about $100B annually. Just the interest, that does not include principle. Planned budget deficits are about $1.25T in fiscal 2011 and $1T plus for the out years as well. A few billion here a few billion there, it starts to add up! Bottom line with our current debt level we are highly impacted by inflationary pressure in the bond market. Your second paragraph is also golden, some practical common sense advice from a guy who's probably seen it all. That's why I'm long silver and gold; plan for the worst, hope for the best!</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1083355, member: 23329"]Rono, first of all thank you for your service. Second I like how you break it down! One thing I would add to your $14T of debt section, I agree with the danger of the unfunded liability point and I will be shocked if the new congress is actually able to change any of that but I do commend those who are giving it a go. Oh, the thing I would add, if interest on the 10 year rises 1% our interest payments to foreign gov'ts will increase by about $100B annually. Just the interest, that does not include principle. Planned budget deficits are about $1.25T in fiscal 2011 and $1T plus for the out years as well. A few billion here a few billion there, it starts to add up! Bottom line with our current debt level we are highly impacted by inflationary pressure in the bond market. Your second paragraph is also golden, some practical common sense advice from a guy who's probably seen it all. That's why I'm long silver and gold; plan for the worst, hope for the best! Regards, Bluesboy65[/QUOTE]
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