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The End of Gold, Part Three

The treasury, under Bush and also under Obama, is dithering.
They still don't know how to price the dud assets and they can't take them off the bank's hands unless they price them at their true value.


Why not create a web site where all mortgage debtors can register their interest in buying back part of or all of their debt.

The Bad Bank's task is to unscramble the MBS's and relate them to actual debtors.

Then a true market price will emerge (as opposed to the panic pricing now) and the banks get a dose of truth -serum that will allow them to clean the deck and get new capital on board.

PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors

The best thing about physical gold is the completely irrational, atavistic feeling of wellbeing when your hand gets weighed down by a kilo of gold, no bigger than a chocolate bar.
Mmm, I remember this feeling from 1979..