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Message:: [QUOTE="Juan Blanco, post: 1595898, member: 41665"]Is there's any evidence that recent buyers (the Iranians, Venezualans, Russians and Chinese) have done/ will do this, for US paper? Meanwhile, the Germans are clamoring to KEEP (secure) theirs; that's contrary to your hypothesis, too. So who will do what Uncle Sam sez, now? Can you name one CB that wants to dump bullion to pay its debts? Going forward, I doubt bullion (as opposed to the Dollar - a more obvious short) will be debased by yet another round of New York- & Washington-orchestrated manipulation. Those salad days are over - O. (and Little Timmy?) doesn't have that capital to blow, either. The Gold - once dumped - now ex-reserves - cannot be dumped again. Perhaps they could seize GLD's reserves to repeat? There'd be a huge row in Britain over that; doubt it'll ever happen. And Gold will probably go parabolic when the Dollar fails in such dire desperate circumstances. If LMBA had wanted worth-less Treasury paper, wouldn't they have swapped out already? So who wants the worth-less promissory paper instead of bullion, NOW? I don't see Gold 'failing' until AFTER a new global currency regime is established/enforced - and we're maybe a decade from that eventuality. Agree that Gold's paper downside (GLD) matches US paper - but bullion might be a very very different story. And that is where things get interesting, I believe.[/QUOTE]