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Adam Sharp: Gold surges as the debt reckoning begins
By Adam Sharp
Daily Reckoning, Baltimore
Wednesday, August 5, 2026
It was a good day for gold bugs. ...
I believe we'll set new all-time highs within the next few years. Heck, it could even be this year.
The market is slowly remembering that behind the Iran war and AI excitement, there's still a looming global debt crisis.
... Dispatch continues below ...
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The market is slowly remembering that behind the Iran war and AI excitement, there's still a looming global debt crisis.
And endless bailouts are on the horizon.
If you read mainstream financial outlets, they’ll tell you precious metals are jumping due to the prospect of peace with Iran, which should keep interest rates lower.
Pffffft.
This move is more about debt, the dollar, Japan, and fallout from the Iran war. ...
... For the remainder of the commentary:
https://dailyreckoning.com/gold-surges-as-the-debt-reckoning-begins/
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