02/10/2026
📊📈 KITCO News 🔸🔹Washington will inflate away its $40 trillion debt, and gold is how you fight back - Jim Rickards 華盛頓將透過通脹稀釋其40萬億美元債務，黃金乃對沖反擊之選 —— 吉姆·里卡茲 🔹🔸 Oct 1, 2026
(Kitco News) - With the 10-year Treasury yield at a 2002 high, the author of "Currency Wars" says inflation, not repayment, is how the debt gets handled, and he thinks gold has already shown savers where to hide.
The U.S. government owes more than $40 trillion, and it now spends about $1 trillion a year just on interest. Jim Rickards doesn't think anyone in Washington plans to pay it back.
"You don't have to pay off the national debt. We're not going to pay off the national debt," Rickards told Kitco News. "What you have to do is roll it over at a reasonable interest rate."
That's getting harder. On Thursday, the 10-year Treasury yield touched 5.34%, the highest since 2002, as the global bond selloff picked up speed. Britain's 30-year yield crossed 6% for the first time since 1998, and a Bloomberg index of government debt just had its worst quarter since 2024. Every tick higher makes Washington's debt more expensive to roll over, and the Congressional Budget Office already expects net interest costs of roughly $1 trillion this fiscal year.
Rickards, a lawyer and author who has advised the U.S. intelligence community on financial threats, thinks the real way out isn't repayment or spending cuts. It's inflation. And he says the bill goes to anyone holding dollars. His answer is hard assets, and he points to Russia's gold as proof they work......
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https://www.kitco.com/news/article/2026-10-01/washington-will-inflate-away-its-40-trillion-debt-and-gold-how-you-fight
By Jeremy Szafron
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco. The author has made every effort to ensure accuracy of information provided; however, neither Kitco nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
(Kitco News) - With the 10-year Treasury yield at a 2002 high, the author of "Currency Wars" says inflation, not repayment, is how the debt gets handled, and he thinks gold has already shown savers where to hide.The U.S. government owes more than $40 trillion, and it now spends about $1 trillion a y...
