That's certainly true Ron. I found Eric King's comments in the last hour this week interesting. He said he didn't know whether the revaluation of gold would take place overnight by government decree or whether it would be more gradual through appreciation in the market.

Personally, I think it will be through a rise in the market price over a period of a few years. I just don't see how you can go from $750 to $6000 overnight (which is where might need to be to go to a gold backed currency), it's just too big a jump. That will give the Asian's time to unwind out of US Treasuries and into US hard assets like stocks.

They are going to own the US (and the UK) before this done. The central banks in our countries will have to bonds the bonds off the Asians stoking up inflation or steal people's pension money to buy them (like the Argentinians). This inflation will devalue our currencies making us relatively poorer compared to the Asians which will better reflect reality. At some point things come back into balance and then we go back on gold in a much impoverished state. What's the alternative? US default?