gold heading to $4300, page-39

"It seems like to gold bulls main line of argument is this - "we have a massive deficit, X trillion, and we are going to print money to pay for it = inflation = surge in gold"."

ah, but it could get alot worse. a US debt default is potentially on the cards.

this of fiat "money" is an issue that needs to be resolved here. the US cant go on living forever using a printing press to pay the world for real goods and services. pretty soon the rest of the world will ask for something in return that isnt worthless... the US$ is heading towards being worthless.....