Yes, rw. I think it will look like a great buy when QE 3 gets announced. The Americans have boxed themselves into a corner. They need the Fed to keep buying treasuries because no one else wants to buy these at current rates. Once Greece actually defaults ( And that will happen soon enough since the Greeks do not want anything to do with austerity. Sooner or later the lenders will balk at lending them more money) lenders will start taking a longer look at exactly who is actually capable of paying the debt back. Once they decide that the US cannot, then what?

One thing that will happen is that gold will go up in response to more money printing. That will make GNH more viable.

Bob