Gold To Rally On Skyrocketing U.S. Deficit - McKinsey

A rising U.S. deficit, coupled with increased printing of money, should be tailwinds for gold, said Ken Hoffman, senior expert at McKinsey Basic Materials Practice.
“When the U.S. is just going to print money endlessly and have deficits endlessly, gold price really likes that,” Hoffman told Kitco News on the sidelines of the Denver Gold Forum.

Denver Gold Forum

Denver Gold Forum
Now in its 29th year, the Denver Gold Forum (DGF) is the world’s oldest and largest gathering of precious commodity equities. Presented every year since 1989, it now showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.