Gold last choice for Washington as US inflation looms over rising debt – BofA

With a bleak economic outlook for the US, analysts from the Bank of America suggest that gold may be Washington’s only viable option to address the impending crisis. Meanwhile, Russia, China, Türkiye, and other countries have been steadily increasing their gold reserves in recent years. We hear from Jack Rasmus, an economics and politics professor at Saint Mary’s College of California, who predicts a challenging future for the American economy.