Fluctuations in US debt are the main reason for this round of gold growth. Objectively speaking, even though US debt has exceeded 40 trillion US dollars, and the probability of default on US sovereign debt in the traditional sense is extremely low, it is also impossible for the US to borrow indefinitely. As a result, market concerns about US debt are shifting from credit risk to fiscal sustainability risk and inflation risk. In other words, the problem with US debt is no longer “not being able to pay yet,” but rather investors are gradually repricing them from “risk-free assets” to assets requiring a higher risk premium. This is still beneficial to alternative assets such as gold to the US dollar, and it is recommended to keep holding more orders.

Fluctuations in US debt are the main reason for this round of gold growth. Objectively speaking, even though US debt has exceeded 40 trillion US dollars, and the probability of default on US sovereign debt in the traditional sense is extremely low, it is also impossible for the US to borrow indefinitely. As a result, market concerns about US debt are shifting from credit risk to fiscal sustainability risk and inflation risk. In other words, the problem with US debt is no longer “not being able to pay yet,” but rather investors are gradually repricing them from “risk-free assets” to assets requiring a higher risk premium. This is still beneficial to alternative assets such as gold to the US dollar, and it is recommended to keep holding more orders.