Interest payments on Treasury debt will soon exceed $1 trillion annually. With rising interest rates, the cost of interest is increasing at an increasing rate – i.e. going “parabolic.” Andrew Maguire and I discuss the U.S. Government’s hyperinflationary spending and the implications for the price of gold (and silver). I also discuss one of my favorite junior mining stocks which I believe has 5-10x upside potential. To learn more about my mining stock newsletter, follow this link: Mining Stock Journal information.
Treasury Debt Is Going Parabolic – Will Gold Follow?
by irdadmin | Oct 31, 2023 | Financial Markets, Precious Metals, U.S. Economy | 0 comments