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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Did a Catfish Cause the Debtquake?

Did a Catfish Cause the Debtquake? | Countdown to Financial Armageddon | Scoop.it

An excellent article from BullionVault! 'The Japanese used to think a giant catfish caused earthquakes. He shuffled and shifted whenever the great god of Kashima forgot to keep his foot on a heavy stone holding the beast down, deep beneath the coast of Honshu, some 80 miles north-east of what was then Edo (and is now Tokyo)...

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Buying at The Bottom? Silver Worth £150m Found on Wreck

Buying at The Bottom? Silver Worth £150m Found on Wreck | Countdown to Financial Armageddon | Scoop.it

A shipwreck containing 200 tonnes of silver worth around £150m is discovered in the Atlantic - the largest haul of precious metal ever found at sea. I wonder what price the haul was valued at? With siliver prices dropping from highs of $50 to $28 over recent weeks, and the long term outlook for the metal to rebound could mean the salvage team nnearly doubling their spoils...

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FREE SUBSCRIPTION! The DebtQuake Monitor

FREE SUBSCRIPTION! The DebtQuake Monitor | Countdown to Financial Armageddon | Scoop.it

America and Europe are on the brink of complete financial meltdown. In the coming weeks and months we could see stock markets collapse, property values fall and the price of fuel and food soar as we enter a depression that could last years or even decades.

 

Follow the latest on the crisis plus how to prepare yourself for the challenges and the profit opportunities ahead. Click on the image to start your free subscription

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A Run on Hedge Funds? Man Shares Hit as Volatility Sees Clients Withdraw $2.6bn

A Run on Hedge Funds? Man Shares Hit as Volatility Sees Clients Withdraw $2.6bn | Countdown to Financial Armageddon | Scoop.it

Where does the money go? When investors sell stocks or withdraw capital from hedge funds, where do they reallocate? Cash? Gold? Commodities? 

 

Man Group shares tumbled during early trading after the company revealed that its clients had pulled out $2.6bn (£1.6bn) worth of funds during the past three months.

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Gold (and Silver) Price Correction Will Last For Several Months; Buy on Dips: Jim Rogers

Gold (and Silver) Price Correction Will Last For Several Months; Buy on Dips: Jim Rogers | Countdown to Financial Armageddon | Scoop.it

"I doubt if gold will go to $2000 an ounce in 2011, it is more likely to have a correction and if it goes down some more, I would buy it," says Jim Rogers.

 

Note: Trading strategist Keith Cotterill sees a buying opportunity as soon as the Fed admits 'The Twist' ain't working and moves to the inevitable QE3. Dollar will weaken and money will move into Gold (and silver).

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