GOLD 0.51% $1,391.7 gold futures

NAVYGULF.I think you are right. The debt ceiling is next on the...

  1. 2,232 Posts.
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    NAVYGULF.

    I think you are right. The debt ceiling is next on the agenda and the rating agencies will downgrade the US once the ceiling is raised changing the risk profile on current safe havens such as treasuries etc. As you said where will the money go?

    What are safe, assets denominated is EURO ? POUND? YEN? All will be devaluing.

    There are not many options. My guess is the big money will go for hard assets. Provided China keeps chugging along commodities and the currencies associated with them ie AUD etc will become more a safe haven. GOLD and SILVER will also shine.

    Other hard asset like farming land will also be attractive, but more difficult to turn over of course.

    We shall see.

 
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