Comment: Where is private sector debt?

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Where is private sector debt?

Where is private sector debt? Since private sector debt is about 4 times public sector debt, the chart is meaningless without it. I'll give you a hint too; when private sector debt is rising, gold falls.
This is a chart of fear vs gold price, not public debt vs gold price. Gold price fell from 1980 to 2001 as private debt was exploding. Private debt was exploding because there was no fear, there was confidence. As confidence fell (people became fearful) so too did private debt, and as private debt fell public debt increased, by the Fed, to prevent a collapse.

As fear collapses (confidence increases), gold price will follow that collapse. Yet OVERALL debt will be increasing as private debt will grow with increasing confidence.

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