my .02 on selling gold

[A HERETIC I AM]

3. OK...That was funny!

Hold until you're the only one left?


I was told once that if it really came down to the point where gold was the only thing worth anything, then....OK...now what?

Are you trading gold dust or ingot shavings for loaves of bread or meat?

We value gold in terms of dollars. Paper currency. So what if you trade all your gold for currency and there is a devaulation of the currency?

One of my biggest fears toward the end of the W. Bush era was realized; that the credit rating of a US Treasury Bond would be downgraded. It was only to the extent that the Credit Swap rate went up - the cost to insure a given amount of US Treasuries rose significantly in the years of the financial crisis. Gold rallied back then as well.

We have never defaulted on an interest payment, nor have we ever failed to redeem any maturing series or Treasury paper at par, so the demand for our bonds remains fairly strong.

Trumpy and the Repubbies could seriously change that if they keep going the way they are going. Trumpy stimulated an economy in no need of stimulating, by giving away the tax cut to the wealthy and corps, thus fueling a market rally.

But how long can that last?

I hope your gold trade is profitable, however. It could of course, go way higher, but if the dollar gets to the point where it is worthless, then what?