Scary-scary

No, no, no … I’m not hopping on the gloom bandwagon.

Historically, U.S. Treasury bills are considered to be one of the world’s safest investments. But growing insecurity about the long term health of the U.S. economy and recent weakness in the dollar benefits gold, which is often used as an alternative asset hedge to a depreciating dollar.

What if investors are moving away from the dollar for good? Foreigners own a little more than half of publicly-held U.S. government securities, according to the Treasury Department. So if these foreigners – both central banks and private investors – decided to give their Treasury portfolio a heave-ho, it could leave to a devaluation of the greenback and rising interest rates, and the cost of borrowing for consumers and businesses could rise. That would be bad for economic growth.

Rather it’s when you read something that is sort of thoughtful-scary, it’s worth noting. You know, like, if this ever actually came true, this is the day I first heard about it, or something stupid like that.

Anyway, never mind.