{"id":52268,"date":"2020-04-07T18:40:17","date_gmt":"2020-04-07T23:40:17","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52268"},"modified":"2020-04-07T18:40:21","modified_gmt":"2020-04-07T23:40:21","slug":"gold-gains-3-to-1672-and-silver-surges-5-to-15-40-goldman-warns-of-3-trillion-explosion-in-u-s-debt","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52268","title":{"rendered":"Gold Gains 3% To $1,672 and Silver Surges 5% To $15.40; Goldman Warns Of $3 Trillion Explosion In U.S. Debt"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/news.goldcore.com\/gold-surges-3-to-1672-and-silver-by-5-to-15-40-as-goldman-warns-of-3-trillion-explosion-in-u-s-debt-2\/\">Gold Gains 3% To $1,672 and Silver Surges 5% To $15.40; Goldman Warns Of $3 Trillion Explosion In U.S. Debt\u00a0<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/goldprice.org\/charts\/gold_3d_b_o_USD.png?1586245251563\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u25c6 Gold surged 2.9% and silver by 5% yesterday, with futures leading the way higher with gold reaching it\u2019s highest price in more than seven years<br><br>\u25c6 Investors are diversifying into safe haven gold to hedge themselves from the coming destruction of balance sheets, trillions and trillions of fiscal and monetary stimulus and a likely economic depression<\/strong><br><br><strong>\u25c6 \u00a0JPMorgan Chase &amp; Co.\u2019s Jamie Dimon has blamed the pandemic on creating a \u201cmajor major downturn\u201d (see News below) and potentially an economic depression<\/strong><br><br><strong>\u25c6Goldman Sachs have warned that the emergency \u201cstimulus\u201d may lead to an explosion of US national debt by about $4 trillion in just two years (see News below). This is not including the trillions in monetary stimulus by the Federal Reserve to bail out Wall Street including most large financial service providers including the mortgage sector and banks<\/strong><br><br><strong>\u25c6 The \u201cEverything bubble\u201d is bursting before our eyes which is evident in the stock market crashes. Property and bond market bubbles will soon burst and confidence in the dollar and other fiat currencies will soon begin to evaporate<\/strong><br><br><strong>\u25c6 Gold\u2019s utility as a safe haven is again being experienced by those who own it. Gold is outperforming and has delivered a 12% dollar return in 2020 year to date, exactly when they need a safe haven and a source of returns as stocks and other assets under perform. Gold has seen even greater returns in other currencies and is 15% higher in euros and 19% higher in pounds year to date.<\/strong><br><br><strong>\u25c6<\/strong>\u00a0<strong>The only major asset to outperform gold year to date is the U.S. 30 year bond. This out performance is unlikely to continue as the 30 year bond cannot go much higher. We are near 0% interest rates despite the appalling fiscal, financial and economic outlook for the U.S.\u00a0<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Gains 3% To $1,672 and Silver Surges 5% To $15.40; Goldman Warns Of $3 Trillion Explosion In U.S. Debt\u00a0 \u25c6 Gold surged 2.9% and silver by 5% yesterday, with futures leading the way higher with gold reaching it\u2019s highest price in more than seven years \u25c6 Investors are diversifying into safe haven gold to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,2310,374,8689,376,647,8554],"class_list":["post-52268","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-depression","tag-gold","tag-goldcore-com","tag-goldman-sachs","tag-precious-metals","tag-us-government-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52268"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52268\/revisions"}],"predecessor-version":[{"id":52269,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52268\/revisions\/52269"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}