Reference Point: Gold - Update #2

My apology to both Mr Ash and FOFOA for my confusion.
Peter Carson

Dear Mr Ash
Albeit your math may be temporarilly correct, I do not agree with either your premises or principle attempt to delay inevitable disaster of the U$D. Unless I am grossly mistaken, EVEN IF U$370B was added to the asset column of America's balance sheet - it only RENTs a month or so of additional time before Reckoning occurs.

What happens to the U$ economy and U$D at the end of this short interval of temporary economic respite ?

Better still - What message will be sent into FX and bond markets ?

Is monetizing Au at U$1450 short sighted and possibly damaging - as compared to resetting PM value based on floating market demand ?

If America re-values Au to either a new fix at U$1450 or a floating rate driven by international demand - will this valuation change also result in propelling all PM generally into the stratosphere ???

It would appear moot - the U$D needs more than aspirine for a headache - BECAUSE IT HAS TERMINAL CANCER.

Looking forward to your RSVP.

Peter Carson
cansteel1978@yahoo.ca