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Ireland bonds demoted to junk status

CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
in Precious Metals
Story:

O'linky

Could this be the perfect storm forming? The Euro teetering on the verge of collapse, while the U.S. government plays chicken with itself.

The Swiss Franc is soaring as a neutral safe haven, but if Europe implodes, who will buy the watches and the chocolate and pay the exhorbitant tourism prices?

What is left besides physical metals?

Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • BearBear Posts: 18,953 ✭✭✭
    What is left is WW 3.
    There once was a place called
    Camelotimage
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    Debt deflation at its finest. Got another 12 to 15 years to go.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    the USD is still hangin' in there

    it's going to hang in there or it's going to just hang

    Hungarian currency took a big hit today vs Franc.

    I think Germany will posture as well as Switzerland. The USD may need to come to the rescue only to be the elephant in the life-raft. Elephants can swim well, so it wouldn't suprise me.

    This does just get us closer to a financial PS, Capt, agree with you 100%.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    And Italy is about to join the junk list as well. Europe is crashing in it's socialist pile of squeeze that DC is trying to mimmick. Idiots everywhere.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Doe this mean that I'm not gonna get all my free stuff? I'm gonna be mad!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    You didn't get your free cheese this week?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>You didn't get your free cheese this week? >>



    My brand of cheese went up $2 a pound yesterday @ Wally world. Where they giving out "free" cheeseimage
    Avid collector of GSA's.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    And Spain is the endgame. Look for Germany to break free of the EU.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I don't often drink Irish beers but when I do it usually involves an Irish car bomb or a Blacksmith (Guiness and Smithwicks)...............MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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