will it crack $1250 tonight?, page-6

Time has run out

US federal debt has now reached 13 trillion and total US visible debt is now 55 trillion. That is about 500,000 dollars per US taxpayer. Add to that unfunded liabilities and that goes to something in the realm of 1.5 million per tax payer.

It is impossible to imagine anyway this debt can be settled other than a combination of inflation and default.

For the US to just cover it's M0 money supply the with stated reserves at Fort Knox and others gold needs to hit about 10,000 an ounce. To cover all the debt gold will need to go far above 500,000 an ounce.

Even at 10,000 an ounce it's all meaningless and the question will not be 'how much is the price of gold' but 'have I got enough gold?'.

This is what happens when people think they can get a free lunch and give their republic over to central government and the bankers.

Good luck all.