Maund Warns of Debt Saturation and Rising Yields

Financial analyst Clive Maund believes that gold and silver markets are being reshaped by rising Treasury yields, debt, oil prices, and currency debasement.

In an interview with Money Metals, Maund shared his views on the technical charts of various assets, including gold, silver, and oil. He noted that the 10-year Treasury yield has been in a steady uptrend since March but is currently overbought according to the MACD indicator.

Maund suggested that a consolidation or correction in yields could be imminent, which could ease pressure on precious metals and allow them to regain upside momentum. However, he emphasized that debt saturation is the larger issue, with governments around the world continually borrowing and creating money.

The cost of servicing the US national debt of approximately $40 trillion is estimated to be around $1 trillion per year. Maund warned that policymakers have limited options: they can allow yields to rise or create more money to support government debt, which would further undermine the purchasing power of the currency.