Everyone seems to forget the US has lent itself around 5T of the 18T they have borrowed so net debt is around 13T. The GDP is around 17.7T so debt/GDP ratio is only 73% which is quite manageable.
Gold bugs have been predicting doom for the US for years and Gold going to the moon. However the reality is the USD is King and Gold is slowly heading down as its no longer seen in the West as relevant. China & Asia might be buying physical Gold but Gold will not rise unless Western investors get behind Gold and that is looking quite unlikely.
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