"Timber, an ounce of gold is still what it used to be."
Not since September 2011....
... But the tread is about debt.
Inflation maybe good for owners of gold (if the price of gold rises with the inflation rate) but inflation is always good for borrowers. The proportion of US tax revenue required to service a trillion dollars of US government debt is much smaller than it was 10 years ago, because of inflation.
If we get some of that hyperinflation that the gold bugs constantly predict (and we are still patiently waiting for), the future cost of servicing a trillion dollars of debt may evaporate completely.
"Wooden bear". LOL Should I start calling him "Handy Andy"?
