Thursday, May 22, 2008
toilet paper futures?
321 gold: Another Shaft in the Mining Business
For those aware of the impending collapse of debt-based paper money assets, the fact that the majority still have no idea about the magnitude of the approaching danger is unbelievable. What is also unbelievable are the positions some of those people hold.
The 2007 annual report confirmed that SSRI (Silver Standard Resources) is well positioned to take advantage of the coming collapse of paper assets. The 2007 report revealed that Silver Standard Resources had invested $57,102,000 in asset-backed commercial paper otherwise known as ass-paper or ABCP for short, paper assets (IOUs) backed by commercial debt that is now illiquid and cannot be sold.
Posted by malct @ 11:33 AM (358 views) Add Comment
2 Comments
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1. Ah-so said...
This is not "news", it is an opinion piece from a blog. Post it on the off-topic forum and keep this area clean.
2. wdbeast said...
Do I assume that the general sentiment from "321 gold" is that we shoud buy..... gold?