KCN 0.30% $1.66 kingsgate consolidated limited.

USA Debt limit being increased to 31 TRILLION $$$ - woweee, page-21

  1. CHN
    711 Posts.
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    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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