Poison Pill and Gold Debate

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Poison Pill and Gold Debate

In Ho Hum – Fiscal Cliff Deal Stalls – Republicans Offer More and More Concessions; Poison Pill Nonsense I stated …

“The real poison pill is allowing Social Security and Medicare costs to escalate unabated. Does anyone in either party want to admit the truth? … the best hope still remains that all compromises fail.“

The above thought prompted Uncle Frank to respond in a comment “Mish relishes chaos and financial ruin for this country so his gold holdings shoot-up in value. Everyone has an ulterior motive you know.”

Ulterior Motives?

Since I get accused of this sort of thing quite frequently, please let me point out a few things:

    Gold has been sinking, as it should, if Congress is fiscally prudent.
    Government Should be Prudent
    Government Won‘t Be Prudent

Should Congress be fiscally prudent (and the fiscal cliff is not close to being fiscally prudent),  I would change my stance on gold in one second flat.

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