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Re: On the hook for bad bets
Posted by tqft on June 4, 2012, 4:11 am, in reply to "Re: On the hook for bad bets"
One idea I have seen is that when the SHTF what will happen is the gold will be allowed to repriced by the market. |
Take US gov's total bill, divide by the "amount" of "gold" in Fort Knox and elsewhere, bingo new gold price with hard assets to back us gov debt ("see we aren't broke". I think $50,000/oz or thereabouts is the current estimate.
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