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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (26737)2/18/2005 7:32:12 PM
From: Square_Dealings  Read Replies (2) of 110194
 
there hasnt been a gold rally because the debt hasnt been called. interest rates are at multi-decade lows

gold is a debt instrument and most major US banks are short. when time comes to pay the debt gold will go up regardless of inflation/deflation

either that or the US will default on its debt and gold will go up

the value of gold is purely based on the amount of money borrowed against it and the value of the currency of that debt

very simple

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