Debt, Fraud, & $3,000 Gold | The Gold Spot

As Congress debates another $5 trillion in spending, pushing the national debt toward an unprecedented $42 trillion, both parties continue to dodge real entitlement reform.

Despite calls for fiscal responsibility, entitlement programs such as Social Security, Medicare, and Medicaid remain largely untouched, while pork-barrel spending continues unchecked.

Meanwhile, efforts to eliminate government fraud, such as the much-hyped DOGE initiative, have fallen short. With Elon Musk stepping away and internal estimates called into question, many wonder if the project is dead.

Adding fuel to the fire, a recent 60 Minutes report revealed that up to $1 trillion a year is lost to outright fraud, much of it linked to foreign actors. Amid all this, gold prices have traded above $3,000/oz for over a month, driven by central bank buying, economic instability, and doubts about the dollar’s future.

In this week’s The Gold Spot, Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor John Karow explain the potential explosion in bipartisan-approved debt, how much fraud costs the government annually, and why gold keeps hitting new records.

🔗 READ MORE: https://www.sbcgold.com/blog/gold-holds-above-3000-oz/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05142025

⭐ RELATED VIDEOS:

▶️ 60 Minutes: How billions in U.S. tax money is swindled overseas each year: https://youtu.be/0WZjFRdHjkk

▶️ Gold’s Tier 1 Rise: The Most Underrated Shift in Modern Finance: https://www.sbcgold.com/blog/golds-rise-to-tier-1/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05142025

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⭐ SBC Gold Metals Advisors in this The Gold Spot video:

👤 John Karow: https://www.sbcgold.com/about/john-karow/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_05142025

👤 Eric Sepanek