TTurk

U.S. Debt Default, Dollar Collapse Altogether Likely

How can you take the outcome of one Treasury auction and a rise in interest rates of 50 basis points from their ALL TIME LOW and extrapolate that into US gov't default and USD devaluation 10 fold?

Maybe it is because you have a strong bias for higher prices in gold and you want to make your dream come true.

The current US and world economic problems will cause others in the future which may include inflation and a falling dollar. These problems may cause a capital flight to a reserve currency like gold. But default and a 10 fold devaluation of the dollar are not even conceivable at this point.