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Reply #8: Treasuries are now a bubble [View All]

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Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-15-09 10:40 PM
Response to Reply #3
8. Treasuries are now a bubble
Edited on Sun Mar-15-09 10:44 PM by Po_d Mainiac
Unless you actually own them, and hold till maturity. Even then, the interest rate paid on a mature note is going to pale in comparison to inflation.

T-bill mutual funds are poised to drop like so many stones.

If the prices of pre 1964 US silver coins is an indicator, a lot of people are betting against the greenback. At the current spot price for silver (10:22pm EDT) 90% US silver coins have a melt value of $9.28. Wholesalers are paying $10.40 and up for bulk. I have traded silver coins for decades, and never witnessed this phenomenon.

Oil could hit $20 a barrel if demand continues to fall, and production fails to follow suit. It could also hit $400 if the greenback no longer is traded as the petro-dollar. World banks would shed USD's at warp speed to acquire the replacement currency.

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