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OCT 10, 2013 - Business Insider

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CREDIT SUISSE: The US Treasury Could Make The Case For Selling The Gold Reserves (GLD)

On October 17, the U.S. will hit the debt ceiling, which means the government will no longer be able to borrow money by issuing bonds. From there, the Treasury will rapidly run out of cash as it pays its obligations. Experts agree that this could lead to the worst-case scenario of a default. However, many sharp-minded finance folks have floated some non-traditional ways around the debt. Ideas include minting a trillion dollar coin or issuing premium Treasury bonds. The analysts at Credit Suisse think that the U.S. could actually start selling its gold reserves to raise cash. Here's The ... Read More

Tags: CREDIT SUISSE: The US Treasury Could Make The Case For Selling The Gold Reserves (GLD),  Trillion Dollar Coin Latest News