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Peter C
Member since May 2012
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Reference Point: Gold - Update #2 - FOFOA - FoFOA

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

Commented 4899 days ago

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Beginning of the headline :With gold near its all-time high, it's time for anotherEurosystem MTM party. And just maybe, there is a timely message here for Congress and the U.S. Treasury. Yesterday President Obama vowed to veto the Republican's short-term spending bill, and today Washington is facing a possible full-on government shutdown in less than 26 hours when the cash funding runs out... Read More

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