As US debt piles up, what happens if faith in Treasuries is shaken?
“Tina, an acronym for ‘there is no alternative’, has been a tenet of faith in US debt and equity markets for so long that continuance of the situation is taken for granted by most investors. But what if allegiance to Tina is faltering along with the inexorable rise in US government debt?”
USAGOLD note: Good question … and one that has been entertained for a number of years. The difference now, as those who visit this page regularly already know, is that central banks have begun to diversify out of the dollar and a portion of that is going into gold. Though it has not been verified, rumor has it that China has acquired significant unreported tonnage in gold as part of its national reserves.