Brien Lundin: Debt, debasement, and why Gold's bull market has support [Video]

In a Money Metals Podcast interview, Brien Lundin, editor of The Gold Newsletter and CEO of the New Orleans Investment Conference, discussed why mounting U.S. federal debt and the 'debasement trade' will provide sustained macro tailwinds for gold and silver. Lundin argued that with U.S. federal debt exceeding $40 trillion and debt-to-GDP at roughly 135%, aggressive and sustained interest rate hikes by the Federal Reserve are mathematically unsustainable due to soaring debt-service costs. Lundin noted that historical precedents demonstrate governments inevitably resort to currency debasement when debt reaches unmanageable levels. He highlighted a positive correlation between gold prices and 10-year Treasury yields since late June, indicating bond investors are demanding higher yields due to debt and deficit concerns rather than economic strength, prompting simultaneous hedges into gold. While acknowledging near-term volatility from algorithmic trading, Lundin remains structurally bullish on precious metals as reliable stores of value.