Long Position on Silver and Gold?

[<MADDOG>]

My apologies for resurrecting a "dead" thread, but I feel this issue is worthy of discussion..

First, in case no one caught it during the 2012 CFR interview with one of the headmasters, Jamie Dimon of JP Morgan:

Interviewer: "What about the more fundamental thing? Imagine we get through the fiscal cliff less because we concoct an omnibus deal but rather because Congress finds a way to kick the proverbial can down the road. How worried are you at some point -- if the United States can't do something on the order of a Simpson-Bowles $4 trillion over a decade kind of comprehensive deal, how worried are you that one day you wake up and suddenly your BlackBerry or iPhone is red hot because the bond markets essentially move against the United States?"

Dimon: "It's virtually assured. I mean, it's assured. The question is when and how. And so you know, I can't honestly tell you I know -- this could be two years or five years -- but it will happen. It is a matter of time. You know, the United States can't borrow indefinitely, and you've seen it by -- if you don't believe me, look at, you know, over the hundred years, bankruptcies of country after country after country who just thought they could get away with it because of their reserve currency and the military power of the world. So the -- you know, again, it's a -- why would you take the choice let's wait and see?"

Full interview here, with many "slips": http://www.cfr.org/world/state-global-economy/p29251

Video Here: http://www.youtube.com/watch?v=TU5P5...&feature=share

Secondly, to add on to StevenP's vid (and yes I understand this created by a "for profit" company, but the facts are there:

[roberth]

My apologies for resurrecting a "dead" thread, but I feel this issue is worthy of discussion..

This is not a dead thread, it just falls back and then we want to share something new so to the top it goes.