I wonder if anybody knows how much toxic assets there is out there? I don't think anyone knows already! The amount is probably staggering, officials probably have a vague idea and they probably know the US can't afford it, so they're buying all the time time they can trying to find some wayssss.
The hole world is waiting for the US to make decisions and to follow suite and the US seems to be waiting for the hole world to do the same. This is a quagmire of incredible magnitude.
All assets are not equal and so different solutions will probably be needed.
But gold looks good for many reasons: currencies support, inflation, plain uncertainty, speculation and probably some more.
Inflation is set to be a major problem not far down the road, especialy if oil shoots up again once we're in recovery. Many people stand to suffer for many years all over the world and the weakest the most.
I'm getting sentimental here, sorry 'bout that i'm just a little ... unsettled about the leadership that takes people into oblivion like lemmings as goes a false legend. Cheers!