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I've heard of strategic defaulting in the US since they have non-recourse loans so you can simply hand the house keys to the bank and walk away from your mortgage...but I didn't think that was possible in Aus...? Unless they declare bankruptcy which means no access to credit for a VERY long time...

wow that is good, the pic had me fooled :P

So what does Bernanke personally get out of trashing the $US? Sure he might have a secret stash of gold somewhere in Switzerland but by the time he gets in his chopper out of NY he'll be the most hated person on this planet I really don't know how he sleeps at night while millions of Americans...

I bought a 5oz gold bar from goldstackers.com.au for my parents yesterday arvo and I was kicking myself for not buying it on Sun night when I would've got it for $8122. 24hrs later and the same bar now costs $8,933 :O

Now just imagine if you kept the foil wrappers and glued it to some tungsten :)

What about 50c coins?

Welcome fellow Gold Finger!

The World Clock Time Zone Converter results At the specified time, local time in Perth is 12 hours ahead of New York Location Local time Time zone UTC offset New York (U.S.A. - New York) Monday, 8 August 2011 at 8:00:00 AM EDT UTC-4 hours Perth (Australia - Western Australia) Monday, 8 August...

I'm going to be mightily agro if the COMEX or other fraudsters come in tomorrow morning and change the margin requirements or something that slams the price down just like in May

When things turn to hell let's all remember that we're all in this together: http://www.youtube.com/watch?v=geZehkuUvuk

kicking myself for not putting in an order last night...then again it could've gone the other way so no one really knew what was going to happen :S