RE:RE:CURIOUS WHAT THE BOARD THINKSInteresting post and thanks for sharing. I don't think we will see rates anywhere near that high, the reason being the ability of the U.S. got. to service its debt. If rates increase enough so the government has to pay 5% on the debt ($30 trillion), then just the annual interest payment on the debt is 1.5 trillion. Then do the math on the interest rates you are suggesting. Consider we spend $700-800 billion or so each on Medicare, soc. security, defense, and medicaid. Thus the annual interest would be dwarf those #'s. Hence my to date unfounded optimism for gold. Tough talk aside, the Fed's hands are tied. No way they raise rates like Volker did. I don't think they can raise high enough to squash this inflation, so inflation rambles unchecked, and real interest rates remain low. That to my view would all be good for gold. I don't know how low gold could go (admitting there are a number of ways to calculate gold production costs, which must be soaring with this inflation and Covid related labor shortages), but I would think if it touches $900-1100/Oz, decisions would be made to reduce mining activity. Thnks.