With the U.S. facing a staggering $1.8 trillion deficit and no solutions from government officials, this unsustainable spending is a major factor in driving gold to new record levels. According to Hedgeye CEO Keith McCullough on The Macro Show, this expanding deficit is a key reason why gold continues to surge.
And it’s not just gold— silver saw a nearly 5% increase in just one week. McCullough highlighted Hedgeye’s positions in silver and platinum, which complement their long-standing bullish stance on gold: “We have plenty of positions that reflect Quad 3,” he noted.
Former Federal Reserve Chairman Alan Greenspan’s warning remains relevant today: “Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process.” This is why gold remains critical in protecting your portfolio from inflation.
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