The main reason why Central Bankers don't like Gold is they can't print it so it's always a thorn in their sides. Of course the price of Gold also offers investors an instant comparison as to the value of their paper money.
Now, the famous US Debt Clock in Times Square is having trouble because it doesn't have enough digits. The clock now reads around $8.3trillion and this will move to over $10trillion sometime within the next 2 years. And as the clock only has 13 digits it's one short to cope with the $10trillion level.
Just where does it all stop?
Call the debt $8trillion
A 12% per annum expansion will make it $10trillion within 2 years
At that rate within 5 years it will be at $14trillion, and within 10 years at $25trillion
No wonder Gold is at 15 year highs and it doesn't take a genius to realise that the only way out for the US is to inflate their debts away. Chances are this plan is in operation already.
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