gold set for a 20% rally!, page-33

Hi Ophir,

What US polly wants to go down in history as the one responsible for a US default?

What say they sell a few thousand tonnes of gold to tide them over until an agrrement is reached, it's possible I suppose, the latest WSJ says the USA could easily sell assets to muddle through for a while.

There have been 17 shutdowns since 1976 so this is hardly unprecedented and the S&P has risen on average 11% in the following 12 months.

Ironically, the one thing that punters have been buying during this uncertainty is US Treasuries, the largest most liquid pool of assets in the world and a benchmark for what is generally regarded as risk free.

You and buddy Andy should get together and commiserate with each other over a beer about your truckloads of declining assets, but that reminds me, Andy is probably headed to the New Orleans gold conference where he'll rub shoulders with such gold (but probably bankrupt)luminaries as Peter Schiff, the Aden Sisters (gold $3/5000 by Feb 2012), Rick Rule (gold $3000 by 2013), Ron Paul and Ian McAvity (gold $3000 by end of 2012). Hope he's got his steel helmet and bullet-proof vest with him, things could get nasty, some of those gold spruikers have lost a lot of suckers a lot of money.

Apparently the USA will owe about $106 billion by Nov 15th, but there's about $238 billion worth of gold in Fort Knox. What's the problem? Sell it, mind you I wouldn't want to be a gold bug if 4,578 tonnes goes on E-Bay.