Durrett Doubles Gold Forecast to $15,000 Amid Debt Crisis

Don Durrett, founder of GoldStockData, has doubled his gold price prediction to over $15,000. In an interview for SilverTrade, he explained that this new target is due to the growing debt burden and the Federal Reserve's inability to stimulate economic growth.

Durrett initially predicted a bull market in gold by 2028, but now believes it could last until 2030 or 2032. He attributes this change of heart to the increasing debt and the risks associated with the Fed's monetary policies.

The current debt situation is staggering, with $40 trillion in outstanding debt and a massive shortfall of $1.5 trillion per year. Durrett believes that the only way to fill this void is through gold, which he sees as the only reliable store of value at present.