Whoa Silver, based on the figures outlined below, (and substantiated by US govt stats!) how can the $US survive the "debt crisis" without considerabe devaluation relative to gold, no doubt the go-to currancy of the future! (Since the inception of the FED, the $US has lost 99% of its value to an oz of gold. And the demise continues, accelerated recently by the world financial crisis and the spiralling volume of $US paper fiat!

Even in current terms the US debt to GDP is closely alligned to that of Greece!

Throw in Fannie and Freddie’s mortgage debts (Uncle Sam own $5 trillion of these now too), and we’re already well over a Debt to GDP of 112% (actually it’s 130% or so)heralded by the Greeks!. And when you include Social Security and Medicare ($45 trillion) this puts total US Debt-to-GDP at 421% ($59 trillion of Debt on a GDP of $14 trillion).

Everyone knows this. Heck, even USA TODAY (not exactly the cutting edge in financial research) notes that in order to pay off current US liabilities, every US family would have to pay $31,000 a year… for 75 YEARS!!!

Don't you think a few ozs of the yellow metal buried under the old oak tree in the back yard might just have some merit even if these these figures are extrapolated to a best case scenario! (Whatever that might be!)

Its not where gold is today but where its going in the future that allows me to sleep like a baby!