Thread: Gold Buying
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Old 31.07.2009, 21:20
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Re: Gold Buying

Problems maybe with the US dollar and possible inflation??

Excerpt from Sprott Asset managment:

The US government raised $705 billion worth of new debt in 2008. The debt was raised to pay for a $455 billion budget deficit and $250 billion in “supplemental appropriations” for the wars in Iraq and Afghanistan.

In 2009, the US government will (and must) sell $2.041 trillion in new debt. This debt will pay for a projected budget deficit of $1.845 trillion, supplemental appropriations of $196 billion for Iraq and Afghanistan, a fund for pandemic flu response and a line of credit to the IMF. In fiscal 2009, the United States must find buyers for almost three times the debt that was issued last year.

http://sprott.com/Docs/marketsataglance/June_2009.pdf
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