> Zachary Griffiths, head of investment grade and macro strategy at CreditSights Inc., said revaluing gold stocks “might be a viable consideration if we [the Un

> Zachary Griffiths, head of investment grade and macro strategy at CreditSights Inc., said revaluing gold stocks “might be a viable consideration if we [the United States] had a debt problem, but we really have a deficit problem. It’s kind of crazy to say $800 to $900 billion doesn’t do a whole lot for us over the longer run, but it’s pretty much a fact.” > Yawning fiscal deficits, currently nearly 7% of US gross domestic product, are one of the reasons investors flock to bullion to seek safety. That has helped drive gold prices to repeated record highs since last year. Total US federal debt held by the public now stands at nearly $29 trillion. > “To use ‘a trick’ to try to plug at least the near-term deficit, I think the risk associated with that is far greater than any near-term benefit,” Griffiths said. “It seems desperate and shows an unwillingness to address the source of the problem, which is our outlays and revenues are way out of whack.” [1] [1] “Wall Street Talk of Revaluing US Gold Is Drawing Attention — and Skepticism” by Jack Ryan, Yvonne Yue Li and Saleha Mohsin, February 13, 2025 (Bloomberg) https://finance.yahoo.com/news/wall-street-talk-revaluing-us-180943811.html https://finance.yahoo.com/news/wall-street-talk-revaluing-us...