Gavin Wendt - "This graphic courtesy of Visual Capitalist...

Gavin Wendt -

"This graphic courtesy of Visual Capitalist illustrates the quite stark correlation between US debt and the price of gold over time. Over recent decades, the national debt has grown from around $370 million in 1970 to an all-time high of $31.4 trillion in 2023. The figure is even higher if considering federal unfunded liabilities. Those are future financial obligations that the government has committed to but lacks sufficient funds to fully cover, such as Social Security and Medicare. Taking those into consideration, the current present value of the fiscal imbalance is $244.8 trillion, almost 10 times the current U.S. GDP. So, yet another sound reason to own gold."