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POLL: IF the US Treasury ANNOUNCES A GOLD SALE, what %age will POG decline?
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<p>[QUOTE="Juan Blanco, post: 1615429, member: 41665"]See Page 1 of the WSJ today. Page 1 Top article: <a href="http://online.wsj.com/article/SB10001424127887324595704578239773128108906.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://online.wsj.com/article/SB10001424127887324595704578239773128108906.html" rel="nofollow">http://online.wsj.com/article/SB10001424127887324595704578239773128108906.html</a></p><p><br /></p><p><b>"The Treasury could be forced to revisit proposals it considered during the 2011 borrowing-limit crisis, most of which it said were unworkable.</b><u> <b>These included selling assets such as gold </b></u>and mortgage-backed securities to raise funds... {...} One thing the WH says it won't do is pusue a somewhat fanciful idea of minting a $1 trillion platinum coin and depositing it at the Fed" </p><p><br /></p><p><br /></p><p>Note that order: first Gold, then mortgage-backed securities. Gold: more liquid and less-valuable? Or Gold: antithesis of Dollar-crap Paper...a fantasy to defend at all costs? </p><p>Note also the contrast in options: a "reconsidered proposed" Gold sale with the "fanciful idea" of the Trillion $ coin. </p><p>So consider the Gold Sale a (hypothetical but) serious option now. </p><p><br /></p><p><b>In mid-/Late February: IF the Treasury announces an intent for a Gold Sale (5-10% of US Reserves), what effect will this have on POG? </b></p><p><b><br /></b></p><p><b></b>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1615429, member: 41665"]See Page 1 of the WSJ today. Page 1 Top article: [URL]http://online.wsj.com/article/SB10001424127887324595704578239773128108906.html[/URL] [B]"The Treasury could be forced to revisit proposals it considered during the 2011 borrowing-limit crisis, most of which it said were unworkable.[/B][U] [B]These included selling assets such as gold [/B][/U]and mortgage-backed securities to raise funds... {...} One thing the WH says it won't do is pusue a somewhat fanciful idea of minting a $1 trillion platinum coin and depositing it at the Fed" Note that order: first Gold, then mortgage-backed securities. Gold: more liquid and less-valuable? Or Gold: antithesis of Dollar-crap Paper...a fantasy to defend at all costs? Note also the contrast in options: a "reconsidered proposed" Gold sale with the "fanciful idea" of the Trillion $ coin. So consider the Gold Sale a (hypothetical but) serious option now. [B]In mid-/Late February: IF the Treasury announces an intent for a Gold Sale (5-10% of US Reserves), what effect will this have on POG? [/B][/QUOTE]
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POLL: IF the US Treasury ANNOUNCES A GOLD SALE, what %age will POG decline?
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