Wednesday, October 8, 2008

Ingots We Trust!



"We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. " Ambrose Evans-Pritchard.

Nikkei sheds more then 9 points worst record in 21 years and Hang Seng more then 8 points, well our Mr Ambrose is right there are extreme danger out there.......... unless you own gold bars!

Confidence had eroded the equity market worldwide, bank even don't lent to one another ( Libor near to 7% point ). Commercial paper market dried up, good corporation with healthy balance sheet can't get short term loans from banks. Money market frozen, the list can go on and on almost like a funeral procession coming out from the world financial markets.

Nobody seems to be trust anybody and the Russians is talking about having a gold base rubles ............... at last Ingots We Trust!

Buy Gold!





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