Loading ...1980, US debt was $908bn. Gold hit $800 on inflation concerns, which were squashed with high interest rates.
2026, US debt $37,000bn. If it’s shooting up because of inflation, interest rates cannot be used as a tool. Mr Market may push them up anyway, but 18% would kill everything. But all that debt means the USD is worthless anyway.
If the POG has anything to do with US debt, equivalent is $32,600/oz.
If it’s anything to do with M2, 1980=$1.5tn, 2025=$22tn, the equivalent is 11,733/oz
This time, it is different.