If all paper money became worthless, how much would gold be worth? Within a few weeks, the U.S. National Debt will hit Fifteen Trillion Dollars!
This debt has to be paid by the American public, not their politicians. But the American public is mired in a deep recession with high unemployment. Shall we raise taxes on the unemployed, the under-employed and the few employed, or simply print money and pay the debt?
This is a no brainer. The U.S. government has no choice. It must print money, or it will default.
Unlike Greece which cannot print Euros, the U.S. is constantly printing U.S. Dollars. All the U.S. Government has to do, and the only thing it can do, is print money or default. When you hear the printing presses whirring it will be too late to buy gold.
The time to buy is now. Gold is at $1700 an ounce. A much better price than $7000 an ounce.