Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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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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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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