Wake Me When Silver Mining is Profitable Again
"It wasn't supposed to be this way. Precious metals are supposed to increase in value when global financial paradigms careen into turmoil and collapse. Gold and silver prices are supposed to balloon with the U.S. national debt."
Here are the rest of my musings about the ridiculousness of the present silver prices and my discussion of Pan American Silver's latest earnings.
I love that PAAS included a pay cut for senior execs in its response plan!!!
If Congress had any ounce of a spine or offered some shelter from corruption, such salary cuts would have been a mandated prerequisite for the ill-conceived bailout.
Ask yourself how much these GM and Ford execs are earning, and then decide whether those levels should remain untouched if indeed this effectively socialist administration moves forward with an automotive bailout. PAAS' execs voted for their own salary cut, exhibiting the true meaning of commitment to shareholders. BRAVO, PAAS!