{"id":68129,"date":"2024-05-17T14:44:16","date_gmt":"2024-05-17T19:44:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68129"},"modified":"2024-05-17T14:44:16","modified_gmt":"2024-05-17T19:44:16","slug":"this-is-the-proverbial-ball-you-should-be-keeping-your-eye-on","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68129","title":{"rendered":"This Is the Proverbial Ball You Should Be Keeping Your Eye On…"},"content":{"rendered":"
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This Is the Proverbial Ball You Should Be Keeping Your Eye On…<\/a><\/h3>\n

Gold, the Brief History of U.S. Debt, Not a Great Club, and the U.S.’ Debt-to-GDP Surpassing Venezuela’s<\/strong><\/p>\n<\/div>\n

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“Blessed are the young, for they shall inherit the national debt.”
\n~ Herbert Hoover<\/em><\/p>\n<\/div>\n

If you’re like me, you probably sometimes come across an important economic or geopolitical event in screaming headlines and think, “That’s bullish for gold.” But then the metal moves in the opposite direction from what you were expecting. Doug Casey always tells us not to worry about short-term fluctuations \u2014 and he’s absolutely right \u2014 but it’s still frustrating at times.<\/p>\n

Now, it’s easy to dismiss these thoughts because gold has recently\u00a0hit new all-time highs, topping $2,400 per ounce<\/a>.<\/p>\n

But remember, there’ve been plenty of corrections during this gold bull run. And trust me, there’ll be many more.<\/p>\n

When they happen, it\u2019s easy to get distracted, lose patience, even sleep, and get shaken out of an otherwise winning investment.<\/p>\n

That\u2019s why it\u2019s crucial that you always keep your eye on the ball. Which, I should say, is more like a snowball in this case.<\/p>\n

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Snowball's Gonna Snowball<\/strong><\/pre>\n<\/div>\n
Major financial, economic, or political shifts don\u2019t just happen overnight. They’re more like a snowball rolling downhill, picking up speed and size along the way. Eventually, they reach a tipping point, transforming into full-blown crises, catching the unprepared off guard.<\/p>\n
And, of course, there\u2019s no better example of this today than the the ever-growing snowball of the U.S. debt that has become so big it\u2019s already engulfing our whole economy. Consider this chart.<\/p>\n
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Notice that government debt was practically nonexistent halfway through the 20th<\/sup>\u00a0century, but has seen a dramatic increase in the following decades. This happened with the expansion of federal government spending under Presidents Franklin D. Roosevelt, Lyndon B. Johnson’s, Richard Nixon. And debt just kept snowballing since.<\/p>\n
…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
This Is the Proverbial Ball You Should Be Keeping Your Eye On… Gold, the Brief History of U.S. Debt, Not a Great Club, and the U.S.’ Debt-to-GDP Surpassing Venezuela’s “Blessed are the young, for they shall inherit the national debt.” ~ Herbert Hoover If you’re like me, you probably sometimes come across an important economic […]<\/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":[1],"tags":[34235,195,34198,827,834],"class_list":["post-68129","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-crisis-investing","tag-debt","tag-lau-vegys","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68129","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=68129"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68129\/revisions"}],"predecessor-version":[{"id":68130,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68129\/revisions\/68130"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}