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TYHEE GOLD CORP

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Message: Re: richard russell

Mar 01, 2010 05:16PM

It would be silly for US to sell 8K tons for a measle $1K ounce. They would need at least a $13K ounce to pay off their foreign debt. Even then, it would be surprising to see them sell all. Perhaps a compromise so to speak... sell half maybe for 6K an ounce or more and inflate the remainder of the debt away over a 5 or 10 year period.... It would not surprise me that the central banks (especially China and US) come to some sort of an agreement like that.

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