Thanks for the post....
We have a different scenario than we had in the 80's when the gold market ran its course.
1. Today, China and India are major players in the commodity exchange and purchase of gold and silver
2. The United States can't seem to get their fingers off the spending trigger resulting in a devaluation of the dollar and inflation. Special Interests come in many different colors and sizes. All with their hands out asking government, " Where is mine?" Bold politicians will say," We are broke, bank closed " but many politicians for their own self interest to get re-elected will sell off the farm so they can stay in power.
3. Europe won't address their Socialism as a failed policy and are just kicking the can down the road so the corrupt politicians can get re-elected. Also, in the 80's, European nations had their own currency.
4. IMF and United States continues to enable bad behavior and will help by giving the EU more money but eventually the EU will collapse because each European country has a different culture and government.
As this reporter sees it... I re-read RK email response to me and his last sentence, I was reminded what WEM has.
GOLD and SILVER.
I don't like where the pps stands.....the plus is: Company buyback ...... the negative is: if they have to dilute the stock further, it will take more shares to do it with at this extreme low share price.
