I’m thinking of buying solid silver and gold themselves with my savings, not just the mines.
I visited my local purveyor of Krugerrands, Eagles and Maple Leaves yesterday, and he said he’d been visited by a guy who swore Israel is gonna nuke Iran’s nuclear enrichment facility. I said my money was on conventional-explosives bunker busters, not nukes (that radioactive cloud would go just everywhere, write off half of the Middle East’s oil fields, etc). That said, a few 5000-lb bombs dropping down Ah-maniac-a-jad’s throat might be enough to rattle the markets right there.
Allan, are the commercial real estate loans also bundled (Freudian, I initially typed “bungled”) into impenetrable CDS’s, or can the banks cram down the balance in those cases to at least keep the borrowers alive and cash-flowing into the banks’ coffers to some extent?
