china.. gold.. US bonds
China has finally taken the initial dump of US treasuries.. guess Obama should have listened when the boss (china) told them not too entertain a certain monk... this could be the downfall of the US if they continues to stick their bony fingers in the eyes of the chinese. It's not easy to learn that your not number 1 on the block anymore but i'm sure China will keep reminding them. Gold can only benefit from these actions as the US buck could see large sell downs if China and others force the US fed to buy up their own debt at a much higher rate.
I suspect 6 months from now we can look back at these days and say that was the real start of the end for the US economy.. as inflation will begin to be a problem soon and a weaker US buck only makes it worse on the american citizens and businesses..
I think Mr. Soros meant to say that gold will eventually be the ULTIMATE bubble as tons of new money will come into the relatively small gold sector as well as the silver market. When we see money leave the US treasury it wouldn't take much of that money to send gold prices much higher than present.
The fiat banksters won't let money flow into gold without a fight but the writing is on the wall for the US government
and confederacy.. fiat money is loosing ground to gold in all major currencies.. gold just setting new highs against the euro the other day.
There will be lots of volatility in gold prices but i'd hang on to your gold stocks... things are about to get real interesting...
salute