In a recent interview by Liberty and Finance, Clive Thompson, a retired wealth manager with decades of experience in the precious metals industry, issued a stark warning about the diminishing trust in U.S. Treasury bonds and the growing appeal of gold as a safe haven asset.
Thompson argued that the surge in government debt, fueled by years of bailouts and stimulus packages, is a primary driver of the escalating gold price. He expressed concern that rising interest rates, while typically a headwind for gold, may not be enough to deter investors fleeing the perceived instability of government bonds. “I think people are saying I’m not going to get paid back in something which will buy me something,” Thompson stated, “I might get paid back my money, but what will I be able to do with the money then when there’s so much of it?”
The interview highlighted the growing unease among investors regarding the sustainability of government…
