Soros coming out saying he’s buying gold has me worried as he always talks his book which is the exact opposite of what us poor folks should be doing. On the other hand, not considering gold as no liability could be dangerous. Note we have $20 trillion sovereign debt liability and $121 of pension liability which cannot ever possibly be paid, unless a reset. If interest rates go up, can our taxes service that debt? My guess is that 401Ks are next, to be invested in Treasuries to minimize a sovereign debt problem, but it will cause equity market disruptions. If our treasury investments capitulate what is left? No liability has been here a long time, yet governments think they can do better than God’s money.