I had read months ago that the USG is so desperate to sell treasuries that they quietly changed the rules to allow client money to be used for the purchase of "supposedly safe" Sovereign debt. I do not believe the change in regs was to allow 40-1 leverage however. The biggest untapped piggy bank of cash at the moment is in 401k accounts and the fed is desperate to turn all of that cash into T-bills before the dollar explodes. Many of the "crazies" that i read and follow suggest that anyone with a 401k would be best advised to withdraw the funds and pay the tax before it is too late. One such person emptied their 401k a year ago and has seen their gold investment rise by almost 30% offsetting most of the taxes.