$36.2T
Debt held by public
~100% of GDP. Highest since WWII. Gross debt: $38.5T.
$970B
Interest paid in FY2025
Now exceeds defense spending ($917B). Projected to hit $1T in FY2026 and $1.8T by 2035.
30%
Share of debt held by foreigners
Down from 43% in 2014. Foreign share declining as debt grows faster than foreign appetite.
$4,000+/oz
Gold price (late 2025)
Up ~55% YTD. Central banks bought 863 tonnes in 2025. 43% plan to increase gold holdings.