Direxion Daily Gold Miners Bull 2X (NUGT)

[Random Thoughts]

We aren't going to default regardless that's the point. We bring in enough revenue to pay the interest and debt payments. What you would have is chaos and people on entitlements suddenly without any money. That is deflationary. Gold could spike either up or down, but once the smoke clears stocks will look cheap and everyone will jump back in. The only way I see gold going through the roof over night is during a complete meltdown where the wealthy just want something stable. We aren't there yet. In the 2008 credit crisis gold plummeted along with stocks. Cash will be king until it no longer is. Meaning its destruction will be swift and we aren't there yet. Imo