Courtesy of Mish.
A few days ago, a reader sent me a chart of the price of gold vs. the national debt.
The chart was a bit out of date so I asked Nick at Sharelynx Gold (my favorite proprietor of historical and current gold charts) if he had a similar chart. He did. And here’s the chart.
Debt and Debt Ceiling vs. Gold
click on chart for sharper image
Please note that the current debt limit is $16.699 trillion.
Debt to the Penny
Interestingly, the US Treasury website Debt to the Penny and Who Hold It shows the current public debt as 16,747,429,285,635.12 (the same as Nick shows in the above chart).
Treasury Stops Updating National Debt
You do not have to be a math genius to figure out that “debt to the penny” already exceeds the debt limit.
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