Tuesday , 8 October 2024

Tag Archives: US public debt

Continued Growth In U.S. Public Debt Suggests $2,000 Gold – Here’s Why (+3K Views)

The price of gold, on a quarterly basis, is 86% correlated - yes, 86%! - to total government debt going back to 1975... and a shocking 98% over the past 15 years!. Despite the current rumblings, everyone is aware that the debt ceiling will be raised and will likely surpass $20 trillion by the end of President Obama’s term. That would put the price of gold at about $2,000 per ounce.

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