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  1. #1

    Jun 2007
    283
    4 times

    Portugal, Spain and Greece Credit Rating Does Not Help TH's


    They are really going to give TH's fits now with their junk bond ratings.

  2. #2
    us
    Pirate of the Martires

    Feb 2005
    Pinellas Park, Florida
    Aquapulse, J.W. Fisher Proton 3, Pulse Star II
    2,545
    175 times
    Shipwrecks

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    If Portugal and Spain would let Odyssey salvage the treasure wrecks off their coast they would have plenty of extra cash.

  3. #3
    es
    Aug 2008
    766
    47 times
    All Types Of Treasure Hunting

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Quote Originally Posted by Salvor6
    If Portugal and Spain would let Odyssey salvage the treasure wrecks off their coast they would have plenty of extra cash.
    Salvor,
    in the last part of my article The other Bank of Spain we know the quantities of gold and silver lost in territorial waters of this country. It is impossible that these have gone unnoticed.
    Cheers VV

  4. #4
    us
    Pirate of the Martires

    Feb 2005
    Pinellas Park, Florida
    Aquapulse, J.W. Fisher Proton 3, Pulse Star II
    2,545
    175 times
    Shipwrecks

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    VV what is your estimate of the amount of gold and silver in the territorial waters?

  5. #5

    Jun 2007
    283
    4 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's


    Why doesnt Spain and Portugal form a treasure Navy? Maybe they could start in the Puerto Rican Trench. They could sail the oceans of the world and claim everything.

  6. #6
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
    Minelab Explorer
    12,202
    1893 times
    Research and History
    Honorable Mentions (2)

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Doesn't these lower credit ratings jack up the value of silver and gold?
    Don.........

  7. #7

    Jun 2007
    283
    4 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's


    Yes consider all of the people who are selling their gold at the mall for $100.00 an ounce when it is worth over $1,000.00 an ounce. They fall into the old gold broken jewelry sales pitch.


  8. #8
    au
    made in Madrid

    Jul 2008
    BRISBANE
    1,051
    10 times
    All Types Of Treasure Hunting

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Quote Originally Posted by armchairQB30

    They are really going to give TH's fits now with their junk bond ratings.
    armchair you should research your information before posting and misleading people.
    Only Greece has had its rating dropped to BBB/Baa which is know as Junk bond Ratings!
    Spain rating have gone from AA+ to AA and Portugal to AA-
    And the Euro dollar is still stronger that the US dollar, But I missed the point How does this affect the treasure
    hunter?
    Are you worried that Spain will start to recover it's lost Galleons and flood the market with goodies?
    Ossy
    Son of Wolf

  9. #9
    pt
    Oct 2009
    Lisbon
    703
    6 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    And whta about China? Doesn't it own the US?

  10. #10
    es
    Aug 2008
    766
    47 times
    All Types Of Treasure Hunting

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Quote Originally Posted by Salvor6
    VV what is your estimate of the amount of gold and silver in the territorial waters?
    680 t. gold and 26,000 t. silver

  11. #11

    Jun 2007
    283
    4 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's



    The great hedge against inflation is gold.

    I posted this news from listening to FOX talk about Spain, Portugal and Greece. Sorry I assumed that all of them were low rated for bonds now. Thanks for clearing that up.

    I assume that with their current financial status they will really chase down gold worldwide now.

    The issue of debt with China is very interesting in that they hold most of our debt....but we are their largest customer. I dont think they will call the loans in anytime soon.

  12. #12
    us
    Sep 2005
    575
    3 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Financial markets are down intentionally. It will play into the bigger picture of US and Europe integrating their economies. The "other bank" of Spain or of any other may come under "other" control at some point. Salvage quickly my dear friends.
    Buy your land and set it up for self sufficiency.

    itmaiden






    Quote Originally Posted by Salvor6
    If Portugal and Spain would let Odyssey salvage the treasure wrecks off their coast they would have plenty of extra cash.

  13. #13
    pt
    Oct 2009
    Lisbon
    703
    6 times

    Re: Portugal, Spain and Greece Credit Rating Does Not Help TH's

    Quote Originally Posted by itmaiden

    Buy your land and set it up for self sufficiency

    Also, buy a shotgun. Lessons learned from the fall of Rome.

 

 

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