Got Gold?

Damon Geller writes a piece today titled The REAL Weapon of Government Tyranny

“The Treasury has debt running up to $28 trillion by 2018. That’s a $1.5 trillion deficit per year (plus compounded interest) for 6 years. Gold and gas prices follow debt. If the cost of gasoline to move your car (or get food to your area) is going to double by 2018 as debt doubles, so will gold. That means gold is protecting your purchase power against the coming debt bomb and the inflation that will follow.

“Here’s the correlation between Debt, Gold and Gas since 2005:

2005 US Debt = 7.6T | Gold = $430/oz. | Gas = $1.82/gallon
2006 US Debt = 8.1T | Gold = $520/oz. | Gas = $2.28/gallon
2007 US Debt = 8.7T | Gold = $635/oz. | Gas = $2.40/gallon
2008 US Debt = 10.7T | Gold = $875/oz. | Gas = $2.90/gallon
2009 US Debt = 10.6T | Gold = $855/oz. | Gas = $1.90/gallon
2010 US Debt = 12.3T | Gold = $1,100/oz. | Gas = $2.80/gallon
2011 US Debt = 14T | Gold = $1,360/oz. | Gas = $3.15/gallon
2012 US Debt = 15.2T | Gold = $1,545/oz. | Gas = $3.40/gallon

“And here’s where we’re going:

2013 US Debt = 17T | Gold = $1,875/oz. | Gas = $4.50/gallon
2014 US Debt = 18.8T | Gold = $2,200/oz. | Gas = $5.00/gallon
2015 US Debt = 21T | Gold = $2,600/oz. | Gas = $6.00/gallon
2016 US Debt = 22.7T | Gold = $3,100/oz. | Gas = $6.75/gallon
2017 US Debt = 25.5T | Gold = $3,575/oz. | Gas = $7.50/gallon
2018 US Debt = 28T | Gold = $3,800/oz. | Gas = $9.00/gallon

“Essentially we have passed the point of no return. We are taking a HUGE portion of this nation’s income just to service the interest on the debt we’ve already incurred. Yes, rates are very low, but imagine if you had a $17 trillion credit card bill! Even with rates as low as they can be, the United States spent $133,728,304,681.78 just on interest last year! Most of that interest in simply compounded, added to the debt number and borrowed against. So debt WILL keep growing regardless of gun control, debt ceilings, fiscal cliffs, political discord, banking fraud or literally anything else.
And so on, with many outside shots of inflation breaking out, banking systems imploding, currencies failing, or any host of black-swan events that could speed this trajectory.”

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