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Gold Should Be At $5000 Based Exploding National Debt | Clive Thompson
Clive Thompson argues that gold should be priced at $5,000 per ounce, pointing to the substantial increase in government debt since 1971. He highlights how gold's price has not kept pace with this debt, noting that if it had, it would already be in the high $5,000 range. Thompson explains that the rise in national debt suggests that gold's true value could be much higher in the future. He also emphasizes the disconnect between the soaring prices of tech stocks and the fundamentals of these companies, warning that this trend could lead to a market correction. Ultimately, Thompson sees gold as an undervalued asset, poised for significant growth as investors eventually seek alternatives to overvalued stocks. Clive Thompson online: https://www.linkedin.com/in/clive-thompson-661997251/
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INTERVIEW TIMELINE:
0:00 Intro
1:35 Trump & cryptocurrency
5:08 CBDC reset
8:50 US national debt
18:50 Gold outlook
23:40 Stock market
29:57 Clive Thompson
34:48 Weekly specials
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