I used this chart of gold vs US budget deficits from @jessefelder in a 2018 client deck.
If you reconstruct it for 2020 Gold price an deficits, it's be pretty darn close.
cc: @GoldTelegraph_ pic.twitter.com/I6E2YqTr3q
— LeConte Wealth (@lecontewealth) April 28, 2020