GOLD
Click for more information
0.51% $1,391.7 gold futures

@zillionaire "The US has defaulted" It occurs to me that in the...

  1. timber1956
    7,423 Posts.
    lightbulb Created with Sketch. 152
    clock Created with Sketch.
    09/03/17
    00:36
    Post #: 23202449
    @zillionaire

    "The US has defaulted"

    It occurs to me that in the two scenarios you cite the USA was locked into untenable fixed obligations associated with gold.

    The USA is no longer burdened with such untenable fixed obligations so I would argue that the likelihood of any default is greatly reduced.
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

RNU Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
right-arrow Created with Sketch.
NEWS Hillcrest Energy Unveils Power Factor Correction Prototype to Meet Growing Demand
right-arrow Created with Sketch.
OBM Ora Banda sees FY26 gold output jumping to 150Koz/pa following key approval for Sand King
right-arrow Created with Sketch.
TLX Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
right-arrow Created with Sketch.
BHP BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning
right-arrow Created with Sketch.
TX3 Canadian fieldwork yields multiple pegmatites for Trinex
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.