The points you raise are all possibilities that I can only guess at.
However my point simply was that, given the past, it is unlikely that the USA will
default on its Treasuries.
Unless of course a shooting war was to start and the Treasuries were held by a hostile power eg China
I understand that China has over $3 trillion US Treasuries. But given the vast interconnectedness of China
and many western economies it seems that it would not be in China's interests to start a physical punch up
with a major Western power despite, what seems to me to be, idiotic comments of some right wing Aussie politicians.
Despite the above I think that the real rate of return on bonds is only one factor driving gold.
I don't have an opinion on $10,000 gold but I can see $3000 as a reasonable prospect.
That certainly won't harm KCN shares
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$1.66 |
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Open | High | Low | Value | Volume |
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2 | 24298 | 1.650 |
1 | 2484 | 1.645 |
2 | 12884 | 1.640 |
1 | 312 | 1.605 |
Price($) | Vol. | No. |
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1.675 | 2484 | 1 |
1.680 | 2484 | 1 |
1.700 | 25000 | 1 |
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