This article from the Business spectator;
http://www.businessspectator.com.au/...cument&src=hp1
This should be a warning for anyone invested in $US and perhaps even US assets,I am sure someone will correct me if I am wrong but this is unprecedented in US history.
The suggetion that the US sells its gold reserves has been ruled out as unworkable
"To attempt a fire sale of financial assets in an effort to buy time for Congress to act would be damaging to financial markets and the economy and would undermine confidence in the United States," Mr Geithner said.
To me that says that says fiat $US would be worthless without retaining gold backing to a degree in fact a defacto gold backing of sorts and an incentive to get into gold/silver/platnum/just about anything other than $US.