Yes.
The poor chineese e.g. can buy nothing for their dollars you owe them... no harbour facilities, no partnership in united technologies ;-)
You're right, we only exported $1 trillion worth of stuff last year. Nothing good to buy from us.
Doesn't gold feel safe somehow ?
Sure. If you bought gold in 1980 at $850 it took you until............wait, you still haven't gotten your money back. I feel safer already. Don't forget the 27 years worth of gold interest and gold dividends you collected. Oh, wait, it doesn't pay those either. You've convinced me. LOL!
I mean noone can surprise you in one thing - it's rare - it doesn't decay
Except for the price.
got me wrong here - they cannot really invest in your economy -that's what I meant. Certainly they can smoke marlboro eat toblerone and whoppers and get drunk on coke... but can they cannot invest these dollars in american core business. I mean noone can surprise you in one thing - it's rare - it doesn't decay. Except for the price. Well gold isn't an investment to build your pension on - it's an anchor against inflation and an insurance for cold times.