U.S. at risk of insolvency from higher yields; these assets would be ‘destroyed’ - Michael Gentile
The U.S. government is now so heavily indebted, that if interest rates continue to climb up, interest expenses alone could bankrupt the Treasury, said Michael Gentile, strategic investor and board member on several gold mining companies.
"If you take the $30 trillion of debt that [the U.S. government] has now, assuming rates go to 5%, which is not a crazy number historically on a 100 year perspective, that would be $1.5 trillion of interest expense, which would be 50% of their revenues, up from 10% of their revenues. So quite simply, they'd be completely insolvent at that level of interest rates," Gentile said, adding that the same apples to the other G7 countries.
0:00 - Introduction
2:28 - Macroeconomic outlook
7:34 - Inflation expectations
8:45 - Gold to Big Mac ratio
11:45 - Gold stocks selection
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Видео U.S. at risk of insolvency from higher yields; these assets would be ‘destroyed’ - Michael Gentile канала Kitco NEWS
"If you take the $30 trillion of debt that [the U.S. government] has now, assuming rates go to 5%, which is not a crazy number historically on a 100 year perspective, that would be $1.5 trillion of interest expense, which would be 50% of their revenues, up from 10% of their revenues. So quite simply, they'd be completely insolvent at that level of interest rates," Gentile said, adding that the same apples to the other G7 countries.
0:00 - Introduction
2:28 - Macroeconomic outlook
7:34 - Inflation expectations
8:45 - Gold to Big Mac ratio
11:45 - Gold stocks selection
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео U.S. at risk of insolvency from higher yields; these assets would be ‘destroyed’ - Michael Gentile канала Kitco NEWS
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