us has always functioned on credit? really thats news to me as usa has always functioned on debt for the last 80+ years. usa is the worlds biggest debtor with $14 trillion in debt and you are telling me its based on credit.
the debt was aggregated in the last 3/4 years what has brought around this crisis and no its no where near back on track, its getting worser as they are now taking on more debt to pay back their previous debt as they have no sources of income anymore, americas expenditure is triple its revenues. that time is near when countries are gona stop giving usa more debt and then usa will come crashing down. A depression coming is unavoidable now, its gona happen.
as for the reports then all reports are by market analysts, it depends on what ones you listen to as im sure the ones that predicted $2000 last year where no less then fools, can you provide some sources of those that did just to see there name and records.
market analysts might be working for money but they only get that money if there analysis is correct, if their predictions go wrong they have destroyed their record and will get no more cliets, so they dont just pull things out of thin air and know what they are talking about.
i like jim rogers, peter schiff and mark faber and their previous record shows they are mostly right, these were the ones that pridicted the recession back in 2004 and everyone was laughting at them, they have also pridicted gold flying high and a depression coming, but none of these predicted gold touching $2000 last year like you suggest.
if you read the gold report in the pdf file you can make your own judgement as it makes alot of sense.