Some quotes from the news stories today - Monday 3/3/08:
"The Federal Deposit Insurance Corp. is planning to beef up its division of resolutions and receiverships, which handles failed banks, by 40% this year. This week Fed Chairman Ben Bernanke put it bluntly: 'There probably will be some bank failures.' ""Gold Futures Rise to Record $992 on Dollar Slide; Silver Jumps"
"March 3 (Bloomberg) -- Gold futures rose to a record $992 an ounce as the dollar fell to the lowest ever against the euro, boosting the appeal of the precious metal as an alternative investment. Silver climbed to the highest since 1980. The dollar also slumped to a record against a weighted basket of six major currencies. Gold has rallied 37 percent since mid-September, when the first of five cuts to the U.S. benchmark interest rate sent the dollar to a record low against the euro. "Everyone has basically thrown in the towel on the greenback,'' said Matt Zeman, a metals trader at LaSalle Futures Group Inc. in Chicago. "Gold is knocking on the $1,000 door.'' Gold futures for April delivery climbed $15.30, or 1.6 percent, to $990.30 an ounce at 10:14 a.m. on the Comex division of the New York Mercantile Exchange. The euro climbed as high as $1.5275. Silver futures for May delivery gained 66 cents, or 3.3 percent, to $20.575 an ounce. The price earlier reached $20.74, the highest since October 1980. Before today, gold gained 16 percent this year, while silver jumped 33 percent."
* * *So gold and oil have been going up. But silver is going up even faster. The US dollar is tanking. There will be bank failures. Do you think maybe, just maybe, it might be a good idea to own some silver? And even better, to be IN the silver business?
Go to our affiliate site at www.silversnowball.com/15a and get started. Soon you will be earning free silver bullion coins that will be worth hundreds of dollars each ver soon.
Monday, March 3, 2008
Subscribe to:
Post Comments (Atom)


0 comments:
Post a Comment