Gold vs. U.S. Treasuries

The rest of the world is no longer accepting U.S. policymakers being fiscally irresponsible. China has started dumping U.S. treasuries. Other countries like following suit or are going to. Unless U.S. Politicians prove they are willing to reduce expenditures and shrink the deficit, the world is not going to be buying U.S. debt. They are stockpiling Gold until a new risk-free asset can be decided by the open market. The U.S. politicians got greedy and sadly, the American people are going to have to pay for their mistakes.