Liberty and Finance: Gold Should be at $5000 Based Exploding National Debt

In a recent compelling discussion on Liberty and Finance, financial analyst Clive Thompson presented a thought-provoking argument regarding the intrinsic value of gold and its potential market price, which he posits should be around $5,000 per ounce. His analysis hinges on the drastic increase in government debt since the abandonment of the gold standard in 1971, suggesting that the price of gold has lagged behind this burgeoning debt, indicating a mispricing of this precious metal. Since 1971, when the U.S. officially detached its currency from gold, the national debt has skyrocketed, becoming a pivotal driver of not just economic policy…