Archive for December 2nd, 2009

“Silver to beat Gold”

IT’S NOW 25 years since Peter Grandich found himself working as a stockbroker, paving the way to launching his Grandich Letter, then his blog with www.agoracom.com, and soon his book – coming out in 2010 – Confessions of a Wall Street Whiz Kid.

Grandich tells The Gold Report in this interview that having been left behind in the big run-up in Gold Prices, silver’s time has come to steal the limelight for a while. But in the wider market, he’s alerting investors “to remove their bullish hats if they’re still wearing them.” As Peter’s motto goes, “It’s better to be a live chicken versus a dead duck…”

The Gold Report: When he was in China, President Obama said “It’s important to recognize if we keep on adding to the debt, even in the midst of this recovery, at some point people could lose confidence in the US economy in a way that could actually lead to a double-digit recession.” He went on to indicate that Congress or he would be considering some tax cuts, but also some fiscal spending to counteract the unemployment. Other than preparing the populace for another potential downturn, what’s wrong with this approach?

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