Gold has a lot more upsideMy Comment: It's all about the DEBT (sovereign, household, and corporate) and it's a global problem. I'm expecting the US national debt to reach $40 Trillion by 2026. Of course, this does not include another $30 Trillion plus in off-balance sheet government debt. There is a point where the system just grinds to a halt due to the debt and it becomes a debt spiral. I don't kjnow how this ends, but I don't think we have long to wait to find out. Gold, I think is one of the few safe havens in this scenario.
The Debt Ceiling "Crisis" Is Over And Now US Debt Will Rise From $31 Trillion To $50 Trillion By 2030 | ZeroHedge Excerpt:
What will hold their attention is the inexorable expansion of our extraordinary debt, which is set to rise from $31.4trln today to $50trln by 2030 and then really take off (assuming rather benign economic and market conditions which we know rarely persist uninterrupted).