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POP goes the asset bubble balloon?

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
What affect will a run on european banks and the reported transfer of money to American banks have on our metals?

A European wide bank run

"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

Comments

  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    "All" of our metals will prosper. Against nearly all currencies, including the dollar. Each successive week feels like a year in economic time.

    How will the traders be able to short the Euro banks?? I realize they are waiting to do so, biding time, how does it happen with the ban?

    Or, does it matter? A true run on the bank with no govt. support would have the same effect; alas, with less profiteering.

    Miles
    Now riding the swell in PM's and surf.
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