TSX:LSG.DB - Post by User
Comment by
LexMark747on Jun 09, 2015 12:21pm
277 Views
Post# 23811321
RE:gold, the debt collector, is eyeing USA's $18 trillion debt
RE:gold, the debt collector, is eyeing USA's $18 trillion debt The USA's National debt is a fact not just some one saying so. Check it out for yourself at ( www.usdebtclock.org ) every 6 & 3/4 seconds the US of A adds another one hundred thousand dollars to their debt. That's one million dollars in just over a minute which works out to approx. 60 million dollars an hour. And as the debt continues to rise these numbers add up faster and faster. My point is that at some point in time the US of A itself will have to default on their own debt let alone worrying about Greece. If indeed interest rates do rise then so does the payment on the National Debt. The only option I can see is QE 4 to infinity. If you have logic and common sense you have to come to the conclusion that the Ponzi scheme can't go on forever. China does have it right along with India and Russia. All three are gold horders. The population of all these three countries combined is approx. 2 Billion, Eight hundred million, and again approx. 45% of the earths population. All these numbers suggest that gold / investments is the right place to be. Just not their governments are buying up gold but also their populations. There will be a gold reset at some point in time and when it happens its going to be spectacular. The question and answer that none of us individuals that believe in staying strong and long on our gold investments is ..... Q, ... When is this going to happen ...... A, ... We do not know. I'm staying long and strong, Mark