{"id":37368,"date":"2025-08-13T09:21:01","date_gmt":"2025-08-13T16:21:01","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=37368"},"modified":"2025-08-13T09:21:01","modified_gmt":"2025-08-13T16:21:01","slug":"ray-dalio-15-percent-gold-warning-debt","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/ray-dalio-15-percent-gold-warning-debt\/","title":{"rendered":"U.S. Debt Soars Past $37 Trillion, Years Before Expected, \u201cMassive\u201d QE Coming"},"content":{"rendered":"<p data-start=\"575\" data-end=\"1098\">\u201cWe\u2019re moving into another massive QE program,\u201d warns Garrett Goggin, founder of Golden Portfolio and a leading gold and silver expert, in this exclusive conversation with Daniela Cambone. Goggin sees a seismic shift ahead as the Treasury and the Fed work in lockstep to finance ballooning U.S. debt, driving rates lower and flooding the system with liquidity. \u201cThis is truly gold\u2019s time,\u201d he asserts, pointing to a historic setup where overpriced growth assets give way to deeply undervalued cyclical plays like gold miners \u2014 some trading at up to a 70% discount to fair value. With major producers \u201cgushing cash\u201d and retail investor exposure to gold still near decade lows, Goggin believes the sector is primed for a powerful revaluation. \u201cWhen Buffett can\u2019t find value in growth, he\u2019ll come for the miners,\u201d he adds, emphasizing that record debt, political spending, and a weakening dollar are \u201cthe perfect storm\u201d for gold and silver to go ballistic. When the founder of the world\u2019s largest hedge fund tells you to own 15% gold, you pay attention.<strong data-start=\"575\" data-end=\"675\"><br \/>\n<\/strong><br data-start=\"675\" data-end=\"678\" \/>Ray Dalio\u2019s latest portfolio disclosure revealed a jump in his gold holdings\u2014a move that has gold and silver experts buzzing. Garrett Goggin, founder of Golden Portfolio, says Dalio\u2019s position is more than a hedge\u2014it\u2019s a signal. From Buffett\u2019s historic cash hoard to Trump\u2019s looming debt-fueled spending spree, the economic backdrop is screaming for tangible assets. And gold\u2019s time, Goggin insists, has finally arrived.<\/p>\n<hr data-start=\"1100\" data-end=\"1103\" \/>\n<h2 data-start=\"1105\" data-end=\"1173\"><strong data-start=\"1108\" data-end=\"1171\">Buffett\u2019s $400 Billion Cash Pile: A Secular Shift in Motion<\/strong><\/h2>\n<p data-start=\"1174\" data-end=\"1345\">The <strong data-start=\"1178\" data-end=\"1199\">Buffett Indicator<\/strong>\u2014the ratio of total stock market value to GDP\u2014is flashing red. Historically, when valuations run this hot, Buffett dumps stocks and raises cash.<\/p>\n<ul data-start=\"1346\" data-end=\"1499\">\n<li data-start=\"1346\" data-end=\"1399\">\n<p data-start=\"1348\" data-end=\"1399\">Today, Buffett sits on a <strong data-start=\"1373\" data-end=\"1396\">record $400 billion<\/strong>.<\/p>\n<\/li>\n<li data-start=\"1400\" data-end=\"1499\">\n<p data-start=\"1402\" data-end=\"1499\">Last time this happened? <strong data-start=\"1427\" data-end=\"1440\">2000\u20132011<\/strong>, when gold skyrocketed from <strong data-start=\"1469\" data-end=\"1487\">$250 to $1,700<\/strong> an ounce.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1501\" data-end=\"1683\">Goggin sees a similar setup now: a rotation out of overpriced growth and into underpriced cyclical assets\u2014especially gold miners, which are <em data-start=\"1641\" data-end=\"1665\">gushing free cash flow<\/em>. Case in point:<\/p>\n<ul data-start=\"1684\" data-end=\"1904\">\n<li data-start=\"1684\" data-end=\"1791\">\n<p data-start=\"1686\" data-end=\"1791\"><strong data-start=\"1686\" data-end=\"1697\">Newmont<\/strong> is paying <strong data-start=\"1708\" data-end=\"1728\">$1B in dividends<\/strong>, buying back <strong data-start=\"1742\" data-end=\"1758\">$3B in stock<\/strong>, and retiring <strong data-start=\"1773\" data-end=\"1788\">$3B in debt<\/strong>.<\/p>\n<\/li>\n<li data-start=\"1792\" data-end=\"1904\">\n<p data-start=\"1794\" data-end=\"1904\">Yet Wall Street continues to misprice miners, even using outdated gold price estimates <strong data-start=\"1881\" data-end=\"1901\">6% below reality<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"1906\" data-end=\"1909\" \/>\n<h2 data-start=\"1911\" data-end=\"1970\"><strong data-start=\"1914\" data-end=\"1968\">The Golden Anomaly: Developers at Fire-Sale Prices<\/strong><\/h2>\n<p data-start=\"1971\" data-end=\"2066\">While gold trades at <strong data-start=\"1992\" data-end=\"2002\">$3,380<\/strong> and silver at <strong data-start=\"2017\" data-end=\"2024\">$38<\/strong>, the sector remains starved of capital:<\/p>\n<ul data-start=\"2067\" data-end=\"2218\">\n<li data-start=\"2067\" data-end=\"2121\">\n<p data-start=\"2069\" data-end=\"2121\">GDX shares outstanding are near a <strong data-start=\"2103\" data-end=\"2118\">10-year low<\/strong>.<\/p>\n<\/li>\n<li data-start=\"2122\" data-end=\"2218\">\n<p data-start=\"2124\" data-end=\"2218\">Gold\u2019s share of total investor assets sits at <strong data-start=\"2170\" data-end=\"2178\">0.5%<\/strong>, far below the historic 5\u20137% average.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2220\" data-end=\"2457\">Some developers, like <strong data-start=\"2242\" data-end=\"2259\">Rio2 in Chile<\/strong>, trade at <strong data-start=\"2270\" data-end=\"2287\">70% discounts<\/strong> to their net asset value\u2014despite being near production. Goggin calls it \u201cthe golden anomaly\u201d: soaring gold prices, dirt-cheap mining equities, and a market still asleep.<\/p>\n<hr data-start=\"2459\" data-end=\"2462\" \/>\n<h2 data-start=\"2464\" data-end=\"2512\"><strong data-start=\"2467\" data-end=\"2510\">Trump, MMT, and the Coming Debt Inferno<\/strong><\/h2>\n<p data-start=\"2513\" data-end=\"2597\">Goggin warns that a second Trump administration will supercharge the debt machine:<\/p>\n<ul data-start=\"2598\" data-end=\"2866\">\n<li data-start=\"2598\" data-end=\"2669\">\n<p data-start=\"2600\" data-end=\"2669\">Trump, the \u201cself-proclaimed king of debt,\u201d will spend aggressively.<\/p>\n<\/li>\n<li data-start=\"2670\" data-end=\"2764\">\n<p data-start=\"2672\" data-end=\"2764\">Modern Monetary Theory (MMT) will justify it: <em data-start=\"2718\" data-end=\"2761\">debt doesn\u2019t matter if you can print more<\/em>.<\/p>\n<\/li>\n<li data-start=\"2765\" data-end=\"2866\">\n<p data-start=\"2767\" data-end=\"2866\">The Fed and Treasury could effectively merge, with massive new QE to absorb unsellable U.S. debt.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2868\" data-end=\"2987\">The result? Inflation on steroids. \u201cEveryone will be a millionaire,\u201d Goggin says, \u201cbut a bottle of Coke will cost $20.\u201d<\/p>\n<hr data-start=\"2989\" data-end=\"2992\" \/>\n<h2 data-start=\"2994\" data-end=\"3046\"><strong data-start=\"2997\" data-end=\"3044\">Gold &amp; Silver: The Ultimate Inflation Hedge<\/strong><\/h2>\n<p data-start=\"3047\" data-end=\"3202\">In a world where each new dollar of debt produces barely <strong data-start=\"3104\" data-end=\"3126\">10 cents of growth<\/strong>, there\u2019s no escaping currency debasement.<br data-start=\"3168\" data-end=\"3171\" \/>Physical gold and silver are:<\/p>\n<ul data-start=\"3203\" data-end=\"3417\">\n<li data-start=\"3203\" data-end=\"3264\">\n<p data-start=\"3205\" data-end=\"3264\"><strong data-start=\"3205\" data-end=\"3234\">Wealth preservation tools<\/strong> that can\u2019t be printed away.<\/p>\n<\/li>\n<li data-start=\"3265\" data-end=\"3341\">\n<p data-start=\"3267\" data-end=\"3341\"><strong data-start=\"3267\" data-end=\"3286\">Tangible assets<\/strong> immune to corporate bankruptcies or digital freezes.<\/p>\n<\/li>\n<li data-start=\"3342\" data-end=\"3417\">\n<p data-start=\"3344\" data-end=\"3417\">A proven <strong data-start=\"3353\" data-end=\"3372\">inflation hedge<\/strong>, especially in periods of monetary excess.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3419\" data-end=\"3590\">While Dalio says 15% gold, Goggin argues that\u2019s conservative\u2014especially for those seeking to protect retirement savings against an aggressive, debt-driven monetary regime.<\/p>\n<hr data-start=\"3592\" data-end=\"3595\" \/>\n<h2 data-start=\"3597\" data-end=\"3616\"><strong data-start=\"3600\" data-end=\"3614\">Conclusion<\/strong><\/h2>\n<p data-start=\"3617\" data-end=\"3951\">Dalio\u2019s 15% gold allocation isn\u2019t just a portfolio adjustment\u2014it\u2019s a warning shot. The combination of record debt, a cash-rich Buffett eyeing hard assets, and political willingness to print without limit points to one conclusion:<br data-start=\"3846\" data-end=\"3849\" \/><strong data-start=\"3849\" data-end=\"3893\">We are at the dawn of a gold supercycle.<\/strong> The only question is whether you\u2019ll act before the crowd.<\/p>\n<hr data-start=\"3953\" data-end=\"3956\" \/>\n<h3 data-start=\"3958\" data-end=\"3981\">About ITM Trading<\/h3>\n<p data-start=\"3982\" data-end=\"4225\">ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today\u2019s economic threats.<\/p>\n<p data-start=\"4227\" data-end=\"4405\"><strong data-start=\"4227\" data-end=\"4271\">THINKING ABOUT PURCHASING GOLD &amp; SILVER?<\/strong><br data-start=\"4271\" data-end=\"4274\" \/>Get expert guidance from our team of analysts with 28+ years of experience.<br data-start=\"4349\" data-end=\"4352\" \/>&#x1f449; [<a href=\"https:\/\/calendly.com\/itmtrading\/500?utm_content=DC05052025\" target=\"_blank\" rel=\"noopener\">SCHEDULE YOUR CALL HERE<\/a>] or call <strong data-start=\"4389\" data-end=\"4405\">866-706-9061<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe\u2019re moving into another massive QE program,\u201d warns Garrett Goggin, founder of Golden Portfolio and a leading gold and silver expert, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":37369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[1332,2951,3245,3467,3682,3884,4524,4563,4602,4752,5586,6792,6876,6877,6878,6879,6880,6881,6882,6883],"class_list":["post-37368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-precious-metals-investing","tag-daniela-cambone","tag-federal-reserve-policy","tag-inflation-hedge","tag-gold-market-analysis","tag-gold-price-forecast","tag-gold-mining-stocks","tag-us-dollar-decline","tag-us-debt-crisis","tag-ray-dalio-gold-prediction","tag-silver-market-trends","tag-silver-price-outlook","tag-garrett-goggin","tag-qe-program","tag-gold-miners-undervalued","tag-buffett-investing-in-miners","tag-cyclical-investing","tag-gold-and-silver-bull-market","tag-political-spending-impact-on-markets","tag-gold-sector-revaluation"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=37368"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37368\/revisions"}],"predecessor-version":[{"id":37371,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37368\/revisions\/37371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/37369"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=37368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=37368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=37368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}