Visualizing $34,000,000,000,000 U.S. Debt | The Gold Spot
The staggering scale of US debt has propelled this once-arcane topic into public consciousness. Every day, investors are aware of the government's irresponsible spending and the resulting mountain of debt. They're starting to connect the dots between failed fiscal policies and increasing economic pressures such as #inflation and dollar devaluation.
Currently, the #nationaldebt stands at nearly $34,000,000,000,000! What’s truly alarming is the exponential pace at which the government is running up that debt. In 2024 alone, the US deficit is expected to grow by half a trillion dollars. To put that into perspective, the country took 215 years to reach 7 billion dollars worth of debt.
In an all-too-predictable fashion, the Biden administration’s solution is to simply increase taxes. The proposed tax hikes would be one of the largest tax plans in American history, highlighting the failed fiscal policies of our financial czars.
Smart money investors are taking from the central bank playbook as governments dive into #gold as economic conditions sour. 2023 has been a record-setting gold rush, and 2024 is shaping up similarly. Predictions and forecasts for #goldprices look healthy next year, reflecting the widespread transition to precious metals.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin (SBC) Precious Metals Advisor Richard Otto and SBC Founder Eric Sepanek reveal the alarming stats behind the US national debt, what investors can expect in 2024, and why physical #goldandsilver are some of the safest investment options moving forward.
⭐ RELATED LINKS:
$34,000,000,000,000 Dollars Visualized: https://www.sbcgold.com/national-debt/
📊 Gold Price Predictions and Forecasts 2024:
https://www.sbcgold.com/gold-price-fo...
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-...
👉 Gold Bullion Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-...
⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Richard Otto, Precious Metals Advisor: https://www.sbcgold.com/about/richard...
Video Snippets:
0:00 - Welcome to The Gold Spot
0:13 - Massive 2024 US budget increase
1:05 - $34 trillion dollars visualized
2:05 - Tax increase plan
2:37 - Gold is insurance for your wealth
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