gold breaks out, page-412

Hi Biggles and all,

A brief explanation of the current USA debt situation and the fact that this debt is for all intents and purposes un-repayable.

http://www.youtube.com/watch?v=EW5IdwltaAc&feature=player_embedded

Once this is fully understood I feel the case for Gold is well and truly explained.

Sorry for the commentator on this video he would send a glass eye to sleep but his numbers are difficult to dispute.

Timber I read this article on Gold being accepted as a Tier One collateral (Jan 2013) but suspect the writer has a somewhat Panglossian view on the effect on the price of Gold if this is indeed true. I would welcome yours and other thoughts?

http://www.stockhouse.com/bullboards/messagedetail.aspx?s=uc&t=LIST&m=31635785&l=0&pd=2&r=0

I think once the US election is over gold will continue along its current trend. Upwards that is!

Of course the possibility of a Black Swan (Wood Duck) event still remains reasonably high, even as a seasoned SCUB diver I would not welcome a new artificial reef in shallow warm water, at least not under these circumstances. I do hope calmer heads prevail. I think even as a diversion to financial problems would be welcomed by some I feel this would be just too high a price to pay!

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10/tareq%20sub.jpeg

I am now back into waterlogged Yorkshire for a few months and will keep a close eye on Europe etc.

Cheers and very best regards: Andy