POLL: The US Govt should SELL GOLD to pay down the debt/ save the Dollar/ etc.

I think it's a safer bet to conclude that people with tremendous power will continue to act to maintain that power than to trust Rickards call that it will end. This is a case where no amount of Wall St experience will enable someone to predict how people will act. But it probably did a lot to selll his books.

 

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See Page 1 of the WSJ today. Page 1 Top article: "The Treasury could be forced to revisit proposals it considered during the 2011 borrowing-limit crisis, most of which it said were unworkable. These included selling assets such as gold 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.

WSJ is not fringe-y, so consider it a trial balloon: the WH is prepared to attack Gold, but won't mint the Trillion $ Coin.

 

While a gold sale is plausible and perhaps even probable, it's still a spit in the ocean compared to the volume in global markets. I would not even consider "trading" GLD during this period of instability.

On the other hand, I'm not ruling out buying index puts beforehand; the market is very vulnerable and unprepared for several weeks of uncertainty.

 

maybe if it is feasible "someone" can use the FOIA and see for themselves what comes from that

 

Excellent points & thinking, doug444!
fwiw, I should think the US eqty mkts are just as dicey as Zero Hour approaches, no resolution at hand.