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Here is the investment thesis for gold:
Observation #1: The US government can’t repay its debt. Default is inevitable.
Observation #2: It will not be an explicit default.
Observation #3: The debt will continue to grow at an accelerating pace.
Observation #4: Foreigners are not buying as many Treasuries.
Observation #5: The US government cannot allow interest rates to rise much further.
Observation #6: The Federal Reserve is the only big buyer of Treasuries stepping up, which means currency debasement.
Observation #7: The US government will use financial repression to debase the currency in a controlled fashion, though it could spiral into out-of-control inflation.
Observation #8: Treasuries will no longer be the “go-to” store-of-value asset as people look for alternatives.
Observation #9: Gold is the top store-of-value alternative to Treasuries. As demand for Treasuries falls, demand for gold will soar.
In short, we are on the verge of a paradigm shift in international finance as gold replaces Treasuries as the world’s premier store-of-value asset.
The last time the international monetary system experienced a paradigm shift of this magnitude was in 1971. Then, gold skyrocketed from $35 per ounce to $850 in 1980 — a gain of over 2,300% or more than 24x.
I expect the percentage rise in the price of gold to be at least as significant as it was during the last paradigm shift.
https://www.zerohedge.com/personal-finance/9-reasons-why-gold-will-soon-replace-treasuries-ultimate-store-value-asset