gold and saving the banking system, page-8

Timber> Perhaps they may see the 300 million as just that, water through the hole in the bucket, and decide to hold onto (perhaps even hide) what little they have left in the hope of having a foundation to build a new system on.

They very well may decide it is better to hold onto a hard asset, than kick the can down the road for a few extras months and prolong the inevitable.

I guess the point I'm trying to make, is if the system got so bad they were contemplating raising 300 billion by selling their entire gold hoard, the party is probably long over right? Perhaps this would encourage mass amounts of gold buying, being a hard asset and all, and once the fire sale was over the price would skyrocket due to the excess supply being soaked up.

Hey - it's all hypothetical right?

The definition of a Libertarian is broad, but I'm all for as little governance as possible. The best quote I've ever heard is;

"My ideal form of government consists of no more than one man sitting alone in a room with a small button, and all he gets to decide to who to nuke."