The national debt of the United States surpassed $34 trillion at the end of 2023. On top of the expanding national debt, the cost of paying off that debt is also rising.
“At some point, [creditors] may look at us and say, ‘Your political system is broken, your debt is out of control, there’s no plausible path to bring it back in line, and so we’re going to start demanding higher interest rates, and that [could] lead to a bidding war, and that [could] ultimately lead to, in the worst-case scenario, a financial crisis.”
— Marc Goldwein, senior vice president and senior policy director, Committee for a Responsible Federal Budget (CRFB)
How might America’s debt affect portfolios, and what can consumers do to help protect themselves?
Click on the video link below for exclusive executive insights on this topic from U.S. Money Reserve’s Coy Wells.
Related headlines from around the web:
- Fox Business: “U.S. national debt tops $34T for first time in history”
- CNBC: “U.S. deficit tops half a trillion dollars in the first quarter of fiscal year”
- Reuters: “Gold firms as Middle East concerns boost safe-haven demand”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
