gold, page-127790

What are you on about? The chart was NOT produced by Stoferle as this image shows from the bottom of the chart I posted. You lose all credibility from posting such stupid comments - the chart is not about what is going to happen with the POG it’s about the interest on government debt, I made the comments about what the large interest payments may do to POG not them

The current average interest rate on US government debt is a bit less than 3% (2.97%) and is rapidly increasing.. With over $10tr new debt being issued this year (year ended September 2024) at around 5% mostly replacing old maturing debt with a very low interest rate and then a heap more debt being issued next year in 2025 the interest on US government is escalating rapidly unless interest rates reduce a lot.

A sense check on these figures makes them look sensible. The US Treasury is issuing a lot of short term debt at rates over 5% even to 5.5%. Debt issuance next year and subsequent years is going to be really high - $10tr is about 30% of total US debt and the USA total debt is rapidly rising.

I checked the revenue and it’s $4.9tr so interest of $1.2tr is 24.4% of revenue (or 4.4% of GDP) and $1.7tr is 34.7% or 6.3% of GDP. Australian figures are much lower.