It is good development for old economy that is US will not be defaulted and Southern Korea bought gold first time since 1998! How much did it bought? Not too much but just 25mT gold! 25 is not big number, isn't it? $10 more in price is not exciting matter also? The drama about US debt default definitely has being scared some nations, organization, and people around world I do feel even not sure since I really could not figure out why they fear. No worry mate! We have to move forward without matter US default or not? Someone think so and some not! That is headaches for people. Why don't get a black and white line? I still could not get the sense about the rationality of the fact that DOW could move up from the bottom so easily and XAO just could struggle for nowhere to go. It seems if you are big you could burnt down your house and only the little boys should take the damage from the house burning down. Could the drama about the default change the mind of the people around the world? What make me sick is Aussie gave up a wrong market theme, the decoupling, but now take another sick theme that US default all would be in default! Yes. Market is always right in short time. But I just could not figure out it would be true for long enough time. We should not fight against anyone but get the position and time to service the Aussie desperate market warriors. I do feel Aussie have burnt too much. Aussie is ready for US default before the debt ceiling problem solved in US congress this time. Why? The wall of worries are so high and so fearful now. Just thought and get some points Don't take any thought as conclusion for your market decision please. If you really want to make decision, you need a proper process such as get the data from trustful sources, do the analysis intelligently(as the intelligence center for war even in very small scale), get all of possible scenarios on the paper, using several different ways to get a trustful probability for each of the scenarios, and pick up the most probable one in the time frame you plan to hold, and buy, hold, or sell! 1. the sky would be less worried by people around the world at least for the day when people know US would not be defaulted. 2. US would still be the leader of the global economies but its debt load is too high and make people could not blindly assume its currency is safety heaven. 3. as small stock market business owners, you could not diversify into different asset sector for your asset safety but nations could not mull how to protect their assets and people. 4. S Korea bought gold shows the concern of safety for any nation to bet on US treasury. 5. If no US treasure or dollar could let you feel safety what could make the policy makers feel so? No too many! Euro is trapped in debt crises; Japan could not be depended on; All big nations has the troubles for their AAA credibility. Small AAA nations as Australia never could go its own way in the global economies. Why S Korea bought after gold up for a decade? People have been reluctant to put their asset into gold since 1998 since too many people, born or grew in the new age, wonder what gold could be useful. It could not eat and has little real value to make product. Could you eat paper money directly? The value storage is to exchange what you need. It is the value of gold formed by human history. If no worry for paper money, gold is the waste asset and stay in the vault with heavy guarding which cost the money! It is not economical just spending the money. You could not argue that. The problem is you could not spend all as a nation for what you produce. The bum could do so and no any responsible people could do so. So where should you store what you have? No guard at all? You are idiotic! A great boom or bear would move the policy makers with some triggered thresholds. A straw could crash a camel, someone said. Could you figure out the reasons? Could not say S Korea buying could mean the Great Gold Ultimate Bubble would be in sight soon but it could lead to it. So more straw would on the scale for the threshold to shoot gold up. Could the straws on the camel be more and more to the crash the camel? Don't know but if it happens I would not surprised! Dot gold and last straw to crush the camel No one worries about the strong camel usually until one more straw crush it down! Could all like dot gold someday? Could be possible even not sure. Who could be sure US would be in risk to default a few months ago! Something if happen will happen. The control system in the market is open and so complicated. A straw or which straw could change the horizon of the gold? Anyway gold is marked at $1641 now. Just dream what if gold to be $2,000, $2,500, $3,000, or $5,000! Could we bet on some dirty-cheap gold hopeful with some affordable money? What if too many people want to put some affordable money? What if some moms and dads get some surprised return since they put the money into gold hopeful when most of people didn't care about gold? Greed and fear would play the parts when the conditions are ready! We are human and something would repeat due to our nature around us even the pattern could be look similar but timing spreading is quite different. Could you trade for the similar patterns at the right time? Few could do since 80/20 rules! 20% early bird and lucky bird would take 80% profit always in the stock market! I tend to be early bird to buy and late bird to escape. I should change myself to be early bird to buy and sell to enjoy the strength of camel and escape crush down with it, shouldn't I? Could we enjoy the bubble forming but not get the pains from bubble deflation?