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DBP - Record-High Debt And Record-Low Yields Are A Boon For Gold
Invesco DB Precious Metals Fund
For the 2020 fiscal year, the federal budget deficit is expected to hit a massive $1 trillion - the first time in U.S. history that it will have expanded so rapidly in a time of peace and prosperity.
The most recent estimate by the Congressional Budget Office puts total federal debt at a whopping 144 percent of gross domestic product by 2049. This level of debt is not only unprecedented but also unsustainable. It puts everyone’s financial security at risk.
And if you’ve been keeping up with the Democratic presidential debates, things could get even