Where the rubber hits the road …
Some charts do not have corrections or EWs
“This has got to be one of the scariest charts I’ve come across as it fully depicts the #credit (fiscal) mess we are in, but it is also the best rational for owning #Gold and the PM sector as we head into this economic storm.
To put it into a better perspective; by the time interest payments reached 4.5 % of GDP we had reduced debt to GDP to 30% while today debt to GDP is at 140% and the Treasury still thinks that they can fund two wars and a far cry from the 70% debt to GDP high of that period. On a very positive note by the time debt to GDP reached 30% #gold had climbed from $35 to a high of $850 and the PM sector was the performing sector during that period. See charts below for reference.”
GL