Yea that statement is just plain silly and speaks to the truth that gold has not been taught as a financial asset since roughly 1973. Those Americans that don't own gold will experience what the "Full Faith and Credit of the United States" is really all about. Too many USD's chasing too few oz of gold while the lion's share is locked up over seas with the Asians Indians and the Russians. (Asian Infrastructure Investment bank)
Keyotee mentions pain with BAA shareholders and imo that would be incorrect. The true pain will come when those chasing US equities non producing real estate and Treasuries find out about real vs nominal value.
IMF/World Bank vs AIIB? I put my money on the one that actually has the gold ;)
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