As I've posted elsewhere today, with the REAL US fiscal cliff...

As I've posted elsewhere today, with the REAL US fiscal cliff relating to the need to continue to raise the catastrophic US debt ceiling by legislative action over the next couple of months, I find it inconceivable that the pog won't trend upward this year, when combined with a continuing bleak European and Japanese outlook, etc.
After a month in the US just before the election last year, and then watching the completely botched political process since, I have no confidence in Obama's team's ability to achieve anything meaningful except to kick the can down the road again, and the same goes for the miserable lot of EU leaders.
So I'm quietly positioning my SMSF for a 50% probability of GFC2, with modest holdings of several gold stocks and a fair bit in cash at present.
Even wondering about some Perth Mint hard stuff....
Just MO, of course, and hoping I'm wrong.