The difference is, in your case you very likely have a future income stream that will increase more than your future expenditures, so that you can reduce your debt. You also likely have that now. Furthermore, you won't be borrowing $200,000 next year, or the year after, of any year into the foreseeable future. And you likely don't have a bunch of unfunded liabilities down the road.
In the case of the federal government, spending is increasing faster than revenues. There is NO plan to pay down the debt, or even achieve a balanced budget. They plan to borrow even more money next year compared to this year. And there are massive unfunded liabilites around the corner once the boomers retire.
I guess it depends on whether I want to sell you a big ass hunk of gold!!
Gold beats paper over the long haul every time. As for "selling gold", as least they are selling some tangible instead of passing paper around all day like "sophisticated" investors do.
The stupid chart included business and household debt. Without any reference to household and business assets, it's useless.
Gold beats paper over the long haul every time.
It doesn't beat stocks. Would you like to see a few examples that beat gold?