In 1981 when Reagan entered the White House the Federal Govt debt was $998 BILLION. When Reagan left it was $2.8 Trillion.
Bush the Elder added another $1.3 Trillion to the debt in his four years.
Clinton added another $1.5 Trillion to the debt in his eight years.
Bush the Younger added another $4.5 Trillion to the debt in his eight years.
Obama is on track to add another $10.0 Trillion to the debt in his eight years.
So after increasing the national debt almost 20 fold, are we better off today than we were in 1981?
Not the next Greece, more like the next Weimarbabwe.
So, the question might arise, what if any advantage to the Greek owners of gold and silver? I ask this with US fortune telling in mind. Grecians are losing their wealth. Are they better off if some of that wealth are in precious metals? How do they play from here?