Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

The Great Mogambo mentions NZ

Discussions about the economic and financial ramifications of PEAK OIL

The Great Mogambo mentions NZ

Unread postby rogerhb » Mon 17 Oct 2005, 04:51:08

$this->bbcode_second_pass_quote('Mogambo the wise', 'B')ut I notice that I have not been pounding the table for silver lately. So, let's turn our attention to alert reader Chris M, who writes, "You might be interested to note that the delivery time for physical silver in New Zealand has expanded to a four-week wait on account of the Australian refineries that supply the N.Z. Mint not being able to crank out ingots fast enough. Two months ago I only had to wait two weeks for delivery. Four months ago there was no wait at all. With all this demand you'd expect the price to rise more."


Listen to What Gold is Telling You

What does the NZ mint do with silver these days? Perhaps it's Bollard's private stash for a rainy day.

edit: punctuation police
"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
User avatar
rogerhb
Light Sweet Crude
Light Sweet Crude
 
Posts: 4727
Joined: Mon 06 Sep 2004, 03:00:00
Location: Smalltown New Zealand

Re: The Great Mogambo mentions NZ

Unread postby RonMN » Mon 17 Oct 2005, 10:29:22

QUOTE:
Looking ahead, he prognosticates, "In the span of less than 3 months gasoline prices will rise 500%. The prices of both food and shelter rise over 300%. Unemployment levels reach over 30% and are still climbing. The savings of millions evaporate overnight due to currency devaluation and bank failures. Unrest will begin in the larger cities first, then spreading out into the countryside. Strong and repressive laws are newly enacted as Police and Military forces spread throughout the country to counter all signs of growing rebellion.

8O
User avatar
RonMN
Intermediate Crude
Intermediate Crude
 
Posts: 2628
Joined: Fri 18 Mar 2005, 04:00:00
Location: Minnesota


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 1 guest

cron