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The size of the federal government's financial obligation makes this gold bull run much various, stated Sandstorm Gold's Chief Executive Officer Nolan Watson, in a talked to with Kitco Information Tuesday.
The aristocracy company CEO contrasted this round of federal government stimulation with the '08 Great Financial Crisis.
" The amount of financial debt that the governments have as well as the dimension of their shortages is expensive. It's a totally different duration," claimed Watson. "Federal governments will certainly not be functionally solvent. There's no other way that the U.S. has any kind of opportunity of being solvent unless they blow up away their financial debt."
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What’s different about this gold bull run – Sandstorm Gold
The size of the government’s debt makes this gold bull run much different, said Sandstorm Gold’s CEO Nolan Watson, in an interviewed with Kitco News Tuesday.
The royalty company CEO compared this round of government stimulus with the ’08 Great Financial Crisis.
“The amount of debt that the governments have and the size of their deficits is astronomical. It's a completely different period,” said Watson. “Governments will not be functionally solvent. There's no way that the U.S. has any chance of being solvent unless they inflate away their debt.”
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