Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

If they start using their excess dollars to buy gold instead of buying our debt with it as they do now, it certainly would be a big deal indeed! The effect on gold would be positive, but the ability of our government to sell its debt and raise capital for more spending might be severely curtailed with all the negative implications you can imagine.

Add to that the possibility of having to pay for oil in gold or Euros, and we would be in a world of hurt.

Interesting times we live in . . .

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