>>130669
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.