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Saturday, December 22, 2012
US Debt - Gold Reserves Ratio
Gold reserves are historically cheap relative to US (official) debt levels. Gold is even cheaper when accounting for astronomical unofficial debt obligations, including entitlements like social security, Medicaid, Medicare, and all the financial bailouts. But even using manufactured cash accounting (vs. GAAP accrual accounting), US debt levels are humongous.
Labels:
gold reserves,
ratio,
US debt
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