Gold Prices Needed to Wipe Out Federal Debt: $153K for the U.S., $44.7K for the Eurozone, $5.3K for Russia
Gold prices needed to wipe out all federal debt:
- Russia: $5,300
- Eurozone: $44,700
- United States: $153,000
The author argued that rising gold prices can solve global debt problems, since a rise in gold prices doesn't hurt any industry. No factories shut down because gold goes up, and there is no crisis, just gold prices rising significantly.