- Ken Lewis, CEO of Bank of America and Merrill Lynch & Co
- Jamie Dimon, CEO of JPMorgan Chase
- Lloyd Blankfein, CEO of Goldman Sachs Group
- John Mack, CEO of Morgan Stanley
- Robert P. Kelly, CEO of Bank of New York Mellon
- Vikram Pandit, CEO of Citigroup
- John Stumpf, CEO of Wells Fargo
- Ronald Logue, CEO of State Street Corp
The fiscal health of the US government is at stake. The value of US Treasury bills, fiat money printed by the Federal Reserve Bank, and toxic mortgages are at stake. We can see a global meltdown if other countries start dumping US dollars and Treasuries. The global market is not rational, it runs on confidence, fear, and greed. Rescuing the banking system is none other than rescuing the US government from its own financial meltdown.
Buy gold bullion and buy silver coins now.
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1 comment:
Silver is fairly low right now, so I've been looking into buying it for the last few days. From what I've learned, the best way to buy silver as a commodity is in bar form. Pressed 100 oz bars appear to be the way to go (6.25 lbs), but I called around and was told that only one shop in the bay area has them right now. They have 3 and are selling them for $1400 each. They seem to be going for around $1500 on eBay.
I called Monex and they will sell them for $0.24 over spot (which would be $1050 each right now), but they will only sell them in quantities of 10 or more. Shipping would be $110, so you're looking at about $10610 for 1000 oz of silver.
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