Food for thought this week, and it is to stick up for a fellow competitor of mine in the gold business Peter Schiff; Peter can talk economic circles around anyone at CNBC except the guy who was a former bear on CNBC Rick Santelli where I respect the views of both. First off, I give Santelli credit for turning bullish …
Read MoreMar
25
2011
Failed European Bank Stress Tests Offer Even More Reasons To Own Physical Gold and Silver
By: Doug Eberhardt
Category: Gold
Tags: ECB, European Bank Stress Test, Federeal Reserve, Gold, PIIGS, Portugal, Portuguese banks, silver, Spanish banks
One by one, country by country, the Eurozone’s PIIGS (Portugal, Ireland, Italy, Greece and Spain) are succumbing to the excesses of the credit expansion era that saw out of control government spending and banks lending to businesses and consumers who now can’t pay the loans back. At the same time, the traditional way banks make profit has also disappeared as …
Read More0