$XAU The global debt crisis is driving gold prices higher:
Interest expense on global government debt has risen to an annualized record of $4.9 trillion.
Interest costs have risen +$1.6 trillion over the last 3 years.
Global debt has risen +$55 trillion over the same period, to a record $346 trillion.
At the same time, gold prices have gained +142% and exceeded $4,300/oz for the first time.
Gold prices have tracked global government interest expense with a near-perfect correlation since the 2008 Financial Crisis.
Investors are rushing into gold as the global debt crisis deepens. $PAXG
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