GOLD 0.51% $1,391.7 gold futures

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  1. JFI
    6,837 Posts.
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    Congress is on recess for 2 weeks in April. That's not going to help them get over the line on a debt raised ceiling deal. I think there is a good chance that they are going to head to a shutdown followed by a scramble to avoid the first defaults… this would then pose questions such as 1 trillion dollar platinum coin to pay down debt and/or creating currency to pay down debt and thus devaluing the US$.

    I truly think there is a decent chance this is coming in 2017.

    A devalued dollar would solve many issues such as increasing exports and reducing imports, getting some inflation to improve debt/gdp ratios. Gold and Silver will be large beneficiaries of this outcome.

    JFI
 
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