Weekly Headlines
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$40 Trillion in Debt May Be Only Part of the Problem
Another analyst is warning that America's $40 trillion national debt may be only part of the problem, as higher interest rates make that debt increasingly expensive to service. With bond yields elevated, inflation still a concern and economic growth showing signs of strain, she argues these pressures could strengthen the case for gold.
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Can America Grow Its Way Out of $40 Trillion in Debt?
Now that the U.S. national debt has surpassed $40 trillion, Treasury Secretary Scott Bessent says stronger economic growth could help the country grow its way out of the problem. But economists are skeptical, with one analysis estimating the economy would need to grow about 4.3% annually for the next decade, which is more than twice the CBO's projected pace, to eliminate the deficit through growth alone.
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Texas Opens the Door to Gold and Silver Payments
A new Texas law allows precious metals to be used in transactions when both parties agree. The legislation also lays the groundwork for an electronic payment system backed by gold and silver held at the Texas Bullion Depository, another sign of growing interest in using precious metals beyond simply holding them as an investment.
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What Are Real Assets and Why Do They Matter?
Stocks and bonds represent financial claims, while real assets are tied to physical property, resources, and commodities. U.S. News explains why investors may add real assets, including precious metals, to broaden diversification and reduce reliance on traditional financial markets.
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China Is Building a Financial System Outside the Dollar
As the U.S. threatens tougher sanctions over China's dealings with Iran, China's alternative payment network is receiving renewed attention. The confrontation highlights a much bigger trend: geopolitical tensions are giving major countries a nudge to reduce their dependence on the U.S. dollar and build financial systems of their own.
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Gold and Silver Add Nearly $5 Trillion as Prices Surge
Gold has climbed roughly 15% in August while silver has surged about 19%, adding an estimated $5 trillion in combined market value. Yahoo Finance points to monetary policy, geopolitical uncertainty and inflation as major drivers, while silver is also benefiting from tight supplies and growing industrial demand.
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Ray Dalio Warns U.S. Debt Risks Are Growing and Points to Gold
Ray Dalio is warning that America's rising debt burden could bring the U.S. closer to a debt crisis. He says investors may want to diversify away from debt-heavy assets and consider alternatives such as gold.