Re: Gold 2021 Reply #30 – April 07, 2021, 09:26:32 AM Quote from: UkuleleFlyfisher on April 05, 2021, 12:10:33 AMPatienceHow the National Debt Impacts the Gold Price - Lear CapitalI'll take the 9% bet. We could have the completion of a double bottom tomorrow with thing literally looking up.I am not sure where the author's $20 trillion debt number come from as it is over $28 trillion and if intergovernmental is excluded, its about $22 trillion. It is fallacious to neglect intergovernmental debt as the funds do not exist, if one agency had to come up with a payment to another, the government would have to borrow, tax, or get the fed to print the money. That aside, the premise of his article on target.Second issue is with the deficit numbers plotted. The author shows surpluses right after the turn of the century, but that is buying into accounting gimmickry as again it ignores intergovernmental lending. In my book it is deceitful to suggest anything other than the annual change in total debt as the annual deficit. This goes back to the social security lock box; but SS is basically broke and within the next few years congress will have to address its failures, but I will bet they do not consider collecting on their intergovernmental lending.