Gold will jump as $20 trillion in U.S. debt doubles within 7 years

Brien Lundin, the editor of Gold Newsletter, President and CEO of Jefferson Financial, said recently at the New Orleans Investment Conference, which he is responsible for, that over the period of an eight-year term by a President, the Federal debt doubles.

Assuming that's how it plays out this time around, it means the current $20 trillion in debt will soar to $40 trillion in about seven years.

The reality is raising taxes and cutting government spending has no chance of dealing with these growing liabilities.

In the end, it means a significant depreciation of the U.S. dollar, which also means precious metals in general, and gold in particular, are guaranteed to increase, according to Lundin.