Oddbean

Gold prices surging to record highs amid rising U.S. debt and elevated bond yields - Sprott’s Ryan McIntyre ========== Gold prices have surged to $2,800 an ounce, marking a 35% increase this year; U.S. 10-year bond yields have risen above 4%, reaching a three-month high; Ryan McIntyre of Sprott Inc. attributes rising bond yields to growing U.S. debt, which exceeds $35 trillion; McIntyre warns of potential recession impacts on debt levels; he recommends holding 10% of net worth in physical gold and a 5% allocation in precious metals mining stocks; gold is viewed as a safe-haven asset amid economic uncertainty; McIntyre believes gold has unlimited upside potential despite higher bond yields. #Gold #UsDebt #BondYields #Investment #Economy #Sprott #RyanMcintyre #PreciousMetals #MarketAnalysis #SafeHaven https://www.kitco.com/news/article/2024-10-30/gold-prices-surging-record-highs-amid-rising-us-debt-and-elevated-bond