Quote Originally Posted by sonatine View Post
Quote Originally Posted by Walter Sobchak View Post

The Fed can't bankrupt the country because they don't spend the country's money. Congress does that.

Also, the country can never go bankrupt.
if you print enough dollars, the value of the dollar deflates versus other currencies/goods/standards.

if it suddenly takes 1200 jesusbucks to buy a gallon of gas, we are essentially bankrupt.
So why shouldn't we be investing in gold if we feel this is a high likelihood of happening?