#Gold is going higher because the federal government is trapped – @KitcoMining

#Gold is going higher because the federal government is trapped – @KitcoMining

what are some of the top macro trends that you’re looking for and how that could actually play upon Metals Michael in the precious metal space in particular Micha there’s a a major Paradigm Shift we’re going through right now if you go back on YouTube dig up some my old interviews from you know 2018 2019 I was talking about when rates were zero how the US government is going to be trapped even though they were you know funding their debt with zero percentage rates back then and there wasn’t a balance sheet problem in terms of interest rate problem back then I said if rates ever go to 5 perc the US government is going to be in significant financial difficulty you know low and behold rates are knock on the door of 5% again today the US is running you know1 trillion dollar deficits in real time 1.5 trillion to 1.7 trillion do deficits if you annualize that 5% interest rate on their debt I think the gold market the bond market and the global investment Community are are are figuring out in real time that the US government is quasi and solvent at 5% interest rates they’re they’re in a debt trap they truly are trap because the rates can’t go higher because they would be able to afford the interest on their debt

Gold is going higher because the federal government is trapped, says Bastion Asset Management’s Michael Gentile says “yes.”

Watch the full interview now on @KitcoMining 🔗

#kitcomining #mining #miningsector #preciousmetals #gold #goldprice

__________________________________________________________________

Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.

Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app – https://applications.kitco.com

Stay connected with us
Twitter – https://twitter.com/KitcoMining
Instagram – https://www.instagram.com/kitcomining
LinkedIn – https://www.linkedin.com/company/kitco-mining
Facebook – https://www.facebook.com/KitcoMining

Connect with the Kitco Mining anchors
Michael McCrae – https://twitter.com/michaelmccrae
Paul Harris – https://twitter.com/paulharrisgold

For more in-depth mining coverage, visit us here – https://www.kitco.com/mining

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.