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<p>[QUOTE=&quot;InfleXion, post: 1616231, member: 29012&quot;]My perception is that the potential sale of US gold would be out of sheer desperation to pay the insurmountable debt off long enough to keep borrowing more. At an estimated 700 MOz of gold in Ft. Knox, assuming $1650/oz, that&#039;s 1,155,000,000,000 - $1.15 trillion. That would buy us roughly a year of deficit spending if the outstanding debt was left untouched. So it could delay default by a year without any additional benefit. With an estimated 7 BOz gold supply above ground it could make roughly a 10% dent in the price on its own. This could very well trigger stop losses and cascade lower, especially if margin hikes come in to &quot;stem the volatility&quot;, but I think ultimately the message it sends would spark more than enough buying to offset that after the shake out since it would be sending the world a clear indication that the debt cannot be paid off by conventional means. If they are only selling 5-10% of the reserve then I think it will simply send the same message without the selloff. These potential outcomes of course are pure conjecture, and are worth what you paid. =)[/QUOTE]</p><p><br /></p>

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