U.S. at risk of insolvency from higher yields; these assets would be ‘destroyed’ - Michael Gentile

The U.S. government is now so heavily indebted, that if interest rates continue to climb up, interest expenses alone could bankrupt the Treasury, said Michael Gentile, strategic investor and board member on several gold mining companies.

"If you take the $30 trillion of debt that [the U.S. government] has now, assuming rates go to 5%, which is not a crazy number historically on a 100 year perspective, that would be $1.5 trillion of interest expense, which would be 50% of their revenues, up from 10% of their revenues. So quite simply, they'd be completely insolvent at that level of interest rates," Gentile said, adding that the same apples to the other G7 countries.

0:00 - Introduction
2:28 - Macroeconomic outlook
7:34 - Inflation expectations
8:45 - Gold to Big Mac ratio
11:45 - Gold stocks selection

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[thisguy]

I love it how David doesn't bring any of his own bias' to his interviews - he simply asks important questions and allows his guests to respond. Man it's refreshing to see an actual journalist again!

[beecee]

This guys red hot...no double speak, no BS, straight talk....well done...get him back

[harrycook]

speaks clearly, zero double talk, smart, very smart . i’m taking this man’s advice

[jeffbarber]

David Terrific interview. Great content. Please bring Michael back in Q2

[vastount]

One of the best guests I ever seen on Kitco BRAVO!!!

[koolkeith]

David makes CNBC look like the Jerry Springer show.

[hypermavic]

David you need to bring Michael every week. This guy is on point.

[williamiannucci]

This is one of the smartest men I have ever heard to date. To bad I'm a man of little liquidity . God bless him richly for coming on to help the public because we need it . 👍

[markcrouch]

I watch this channel much more these days, I like the host, hes decent.

[geralddrolet]

While I am bullish on gold I am even more bullish on silver.

[jimuren]

Agree with everyone who says David is smart and asks great questions.

[MacksCurley]

The Banks are shorting the Gold and Silver ETFs, lowering the price of Gold and Silver, manipulation of the spot price.

[josephpark]

This was a great interview. Would like periodical interviews with Michael.

[NguyenAssetManagement]

Every family has a person, who breaks the chain of poverty. I hope that you will be that person🤲.

[libertysprings]

This is the same reason I have nearly 30% in gold and gold stocks right now. Rather than the usual 5%

[bigalghe]

Spot on views! He literally read my mind, i’ve been saying this for a while. Fed will start buying the belly of the curve, inflation on the rise, negative real interest rates is the most positive backdrop for gold!

[letsfixit]

This guy really knows his shit, great info!

[realamerican]

You need to have this quest on more often. Easy to understand and makes a lot of since.

[aucourant]

That was a really great interview. This is the man.

[trooperinvestor]

One of the best interviews out there. Literally a “gold mine” of an interview.