Park Avenue Numismatics
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Miami, FL 33137
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Did the BRICS Just Declare Independence?
7.5.23 - Did the BRICS Just Declare Independence?
Gold last traded at $1,915 an ounce. Silver at $23.12 an ounce.
Visualizing Gold Price and U.S. Debt (1970-2023) -Visual Capitalist
If you are of the belief that the US government will continue to spend itself into more debt and eventually oblivion, and are looking for an investment that might just provide a hedge against it; gold may be the answer for you. The charts in this commentary illustrate the price moves in gold upward as the government embarks on their debt spending. Call Swiss America today to place or add to your position in gold to be ready for its next move
Gold has long been considered a store of value and a hedge against economic uncertainty.
Over the past five decades, its price has been closely intertwined with concerns surrounding the growing U.S. public debt.
The graphic above uses data from In Gold We Trust and the Federal Reserve Bank of St. Louis to explore the relationship between gold price and the U.S. national debt.
