Petwan. You would think there might be a short term drop in gold cause flight away from alternatives to US$. But then immediately you get weaker US$ cause of more borrowings so gold becomes popular again. Main problem with gold is that there simply isn't enough of it to balance huge amount of US dollar notes floating about. I sold gold last week and hoping to get a good rate on buy back.
BTW, US is in deep sh*t , but they still the main game in world economy. They can solve their debt probs with some basic fiscal responsibility over 5-10 years. I would not go down doomsday route yet. JIMO.
