Lots of people have more debt than they're worth, does that make them bankrupt?
Has the USA ever defaulted on its debt? No, it won't either, the goldbug notion that gold will blast off when the USA goes bust is pure fantasy, I've been reading about it for years.
The trouble is they read crap and watch videos by Peter Schiff and Jim Rickards and other gold salesmen that've been wrong for decades.
Not one country in the world has a gold standard and they never will again either.
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