I'm posting this because the COMEX will be next to raise margin requirements probably tomorrow. Quite honestly everyone should pull their money out of all brokerage accounts effective as soon as possible. Pull all your money out of the banks too and do a COMPLETE precious metals transition of all assets. Obviously keep some cash on hand too during the long term global debt debacle we are now established in. How convenient it is for this debt nonsense to be "global" in scope! http://www.reuters.com/article/2011/07/31/us-usa-debt-world-idUSTRE76U1K020110731
Admittedly I chuckled a bit at this guy from Canada here on his site posting this:
http://silvergoldsilver.blogspot.com/2011/07/here-we-go-again-ib-raised-silver.html#comments
The problem is there aren't enough people who will really do this and they are all mostly talk. If you really want to see action you should listen and do what Max Keiser says. But it would take more than the current 0.8% of the population who currently own any precious metals.
Wake up people! And yes I still think silver will tank now just because it can--no other reason. It should go to $100 and beyond yes and gold should be $7,000 already. Obviously what should be and what is are two different things.
Time to dump all trading platforms, IRA's, annuities, 401(k)'s (just quit your job if you have to and become self employed if feasible), also most bank accounts, debit cards, and ditch some insurance policies and collect your paid up additions. Just keep the credit cards, a checking account, and cash. If you run a business make sure it's either LLC or INC. and have a plan to create some good debt with it and let it fly to BK.
Enough is enough!
...developing...
