Will the USA sell some of its gold to meet its deficit and debts?

Discussion in 'Economics' started by crgarcia, Nov 24, 2009.

  1. It's the only way out?

    It would be wise if they sell some gold, but only if they get a high price, say $1000+/oz
  2. jorgez


    the gold is leased out so they would need to ask permission and then pay a penalty
  3. jprad


    At that price, the value of the entire US gold reserve is around $250BN.

    Spittin' into the wind...
  4. Inflation is a better idea for the government. That way they can at least reset the dollar by pegging it gold after the collapse.

    In the meantime the government will pay its chinese debts with cash for clunkers programs since the chinese would rather have the metal from those cars than the worthless paper dollars. (Yeah, where did you think those cars actually went? They just vanish? No they are in china!)