The estimates of city bankruptcies is around $2 trillion.
Detroit is the tip of the iceberg.
The US will need to print money and result in a devaluation again. This combined with Egypt and Chinas inflation problems could see gold reach $1800 again.
There is no way the US can allow cities to go bankrupt.
My sentiment is still sell because RMS can't make money at high gold prices.
The estimates of city bankruptcies is around $2 trillion.Detroit...
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29957 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |