Originally Posted by Ethersync

1. At the current rate of spending we will hit the new debt ceiling in September.

2.That is a huge "if", but yes, if the US balances the budget, massively cuts spending and interest rates go up then I would be looking to exit gold. All of this will eventually happen, but I think the government is going to stick with their "kick the can" method of dealing with things for awhile to come...

...and you are way off to assume that the gold bulls here only have "a couple ounces" of gold to their name. I happen to know a few people here with 7 figures in gold bullion.