There's always a big hoopla when congress has to approve increasing the US debt. It's amazing that the normal balance of affairs in the world hangs on the whim of a couple of renegades who really have no idea what the consequences of following through with what they threaten really is .... or maybe they do and it's all just another circus event (in the outer ring)
What's more likely to happen in the next 2 years is that the US loses it's AAA debt rating. Even a drop to AA will boost gold over $2,000 or higher.
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It's a funny world we live in and it's almost getting to the point where currency has no meaning. It's looking more like a shell game all around the world. what happens if another developed country experiences a disaster the size of Japan's earthquake/tsunami? How much more money has to be printed to pay for "repairs" to existing infrastructure? In the end will it really matter how much gold we have or assets we have accumulated or is it simply just a race to the top of the mole hill? (ie insignificant)
