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XMFSinchiruna (27.58)

How You Can Profit From the Coming Devaluation

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June 17, 2012 – Comments (7) | RELATED TICKERS: SLW , GG , EXK

New York fund manager Roger Lipton has resurrected a classic, publishing a new edition of Harry Browne's celebrated volume from 1970: How You Can Profit from the Coming Devaluation. The United States stood on the precipice of its first major moment of reckoning for decades of apparent post-war wealth generation wrought from a continuum of inflationary policy. The US government would not succeed in maintaining the official gold exchange rate any longer, and Harry Browne not only predicted the unavoidable devaluation, but also pegged the timing with impressive precision.

Then, as today, there were some folks out in front of the crisis, encouraging investors to seek exposure to gold and silver and thus reverse a terrible macroeconomic scenario into an opportunity for profit.

http://www.fool.com/investing/general/2012/06/15/prepare-right-now-for-tomorrows-tempest.aspx

"The U.S. Federal Reserve has already completed two debt-monetization campaigns, one "Twist," and a dizzying array of bank rescue facilities and liquidity injections. Yet even after all those historic interventions, a hyperaccommodative zero-bound interest rate, and a massive economic stimulus package, the U.S. economy has unfortunately failed to reach the kind of "escape velocity" that might encourage authorities to ease up on the accelerator. Further intervention will inevitably follow. Indeed, because governments and the moneyed interests fear a deflationary spiral above any other scenario, I believe we find ourselves mired in an unseemly vicious circle that gold expert Jim Sinclair has deftly labeled "QE to infinity." The debt issuance, central bank balance sheet expansion, and corresponding currency debasement that still looms on the horizon even after all that has been done to date speaks to the unspeakable scale of the underlying crisis."

 

7 Comments – Post Your Own

#1) On June 17, 2012 at 4:01 PM, Mega (99.96) wrote:

Operation Twist is almost over and Fed members haven't revealed much enthusiasm yet for another round of operations.

They appear likely to "ease up on the accelerator", at least for a few months.

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#2) On June 18, 2012 at 12:31 PM, Sturmudgeon (< 20) wrote:

Sinch,  and followers...  I do not know how to do the 'link' thiingy, but this post was/is on Seeking Alpha today...

 

Cardero Receives Positive Drill Results, Sheini Hills Iron Project, Ghana; Update on Sheini Exploration Program; Termination of LOI with TMT

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#3) On June 18, 2012 at 7:13 PM, rfaramir (29.32) wrote:

When you see this term: "central bank balance sheet expansion" please understand what it means. It is the acquisition by the central bank of things of value (usually--but not limited to--Treasuries) in exchange for the printing of new money.

If you or I printed money to acquire things of value, also called counterfeiting, we'd go to jail.

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#4) On June 18, 2012 at 10:09 PM, skypilot2005 (< 20) wrote:

http://www.yukon-nevadagold.com/s/NewsReleases.asp?ReportID=531580&_Type=News-Releases&_Title=Yukon-Nevada-Gold-Corp.-Jerritt-Canyon-Operation-Achieves-Steady-State-Prod...

 

June 18, 2012


Yukon-Nevada Gold Corp. Jerritt Canyon Operation Achieves Steady-State Production and Positive Cash Flow

 

 

“Randy Reichert, Chief Operating Officer commented, "Our team at Jerritt Canyon has worked incredibly hard to bring the operation to commercial levels. We are now seeing the results of this effort and the operation is in excellent shape to meet our gold production target for 2012 of between 140,000 and 150,000 ounces."”

 

http://www.yukon-nevadagold.com/s/NewsReleases.asp?ReportID=531502&_Type=News-Releases&_Title=Yukon-Nevada-Gold-Corp.-Announces-Completion-of-Convertible-Debenture-Finan...

 

6/15/12

 

Yukon-Nevada Gold Corp. Announces Completion of Convertible Debenture Financing

 

http://www.yukon-nevadagold.com/s/NewsReleases.asp?ReportID=529498&_Type=News-Releases&_Title=Yukon-Nevada-Gold-Corp.-Signs-Agreement-with-Allied-Nevada-to-Process-Hycro...

 

6/7/12

 

Yukon-Nevada Gold Corp. Signs Agreement with Allied Nevada to Process Hycroft Loaded Carbon

 

Sky

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#5) On June 18, 2012 at 10:21 PM, skypilot2005 (< 20) wrote:

http://yukon-nevadagold.com/i/pdf/YNG_12_02_Final.pdf pg. 19 March  2012  Major   Shareholders:

 

Major Shareholders

Orifer

27.5%

Sprott Asset Management                             

13.0%

Deutsche Bank

11.2%

 

 

 

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#6) On June 18, 2012 at 10:37 PM, skypilot2005 (< 20) wrote:

  On June 18, 2012 at 12:31 PM, Sturmudgeon (< 20) wrote:

"Sinch,  and followers...  I do not know how to do the 'link' thiingy, but this post was/is on Seeking Alpha today...

 

Cardero Receives Positive Drill Results, Sheini Hills Iron Project, Ghana; Update on Sheini Exploration Program; Termination of LOI with TMT"

 

http://www.cardero.com/s/news_releases.asp?ReportID=531329

Sky

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#7) On June 21, 2012 at 7:27 AM, skypilot2005 (< 20) wrote:

June 21, 2012Paramount Gold and Silver Discovers Continuity of High Silver Values Between San Antonio and La Veronica on Its San Miguel Project1.2 km. unexplored gap returns intercepts assaying up to 1,820 g/T of silver 

 

 

 

Sky 

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