Tuesday, August 2, 2011

Gold and the National Debt

Drawn into the stream
Of undefined illusion
Those diamond dreams
They can't disguise the truth
--Level 42

Interesting projection of gold alongside US public debt. Should the relationship hold, loading $2.5 trillion more onto the debt pile implies that gold 'works' to $1950.


Gold is marking another new high today. Seems the markets are doing the math...

position in gold, GLD

1 comment:

dgeorge12358 said...

As a real safe asset, gold helps us to cope effectively with changes in international financial market.
~Jaehyun Joo, Bank of Korea