friday night , page-42

danhoff,
You guys sure are obsessed about the debt/gdp, mind you something will probably come along that will divert your attention, a bit like reef fish, goldbugs are always looking for the next disaster.

I would surmise that in any given year your gold will not be so good, the gold mania is yesterday's news, the next one will be around 2030.

In 1950 the USA had a debt/gdp of 112%, currently it's about 70%, as the economy improves, so will the ratio.

Except for about a year (1835/6) the USA has continuously held a public debt, so it might never get paid back, some people go through their entire lives with debt, so do countries.

BTW, the US Mint 1oz gold eagle sales have hit a 7 year low, the SPDR gold fund is unloading about 1 tonne/day at the moment, 899 tonnes, down from a total of about 1500 tonnes and chinese 'aunties' are losing their enthusiasm after taking it on the chin.

Gonna be interesting when the political impasse in DC is solved, gold will probably take (another) dive.

And finally, just to cheer you up Dan, the GDXJ (juniors) index was down 2.6% yesterday, when these are supposed to be the halcyon days for gold.

No end in sight.