[GourmetDan]

Yeah, there’s no way they are going to do this at the current gold price.

India (nor China) has enough gold to pay for their oil.

I doubt they would do it at much higher prices either.

I think it’s going to become very difficult to get anyone to part with real, physical gold very soon.

[GonzoGOP]

I think it’s going to become very difficult to get anyone to part with real, physical gold very soon.

One of the things I most fear is that the US, being the worlds largest debtor and also holding 26% of the worlds entire gold supply, may be forced to make payments in gold rather than dollars. We should never do it, but Obama has done a lot of things that never should have been done.