{"id":39473,"date":"2026-11-02T16:37:49","date_gmt":"2026-11-02T16:37:49","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=39473"},"modified":"2026-11-02T12:37:57","modified_gmt":"2026-11-02T16:37:57","slug":"debt-adjusted-warren-buffett-metric-turns-heads-720-degrees","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/debt-adjusted-warren-buffett-metric-turns-heads-720-degrees\/","title":{"rendered":"debt-adjusted Warren Buffett metric Turns Heads 720 Degrees"},"content":{"rendered":"
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✅  Luke Gromen retweeted praise from @BennettWoodman<\/span><\/a> calling his debt-adjusted Warren Buffett metric one of the sharpest fiscal-dominance frameworks, noting that every prior 100% reading saw stocks badly lag gold and the metric now sits at 130%.<\/p>\n

✅  The metric combines total U.S. equity market cap as a percent of GDP with an adjustment for federal debt levels due to expected future monetization, visualized on a FRED chart with red circles at historical peaks around 2000, 2020, and recent years.<\/p>\n

✅  At current elevated levels, Gromen warns that gold remaining under $4,000 could signal severe upcoming challenges for equities relative to gold as a monetary hedge.\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/p>\n<\/div>\n

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Luke Gromen\u2019s adjusted Buffett metric is one of the sharpest fiscal-dominance frameworks out there. Every prior 100% print saw stocks badly lag gold\u2014now we\u2019re at 130%. Not a timing tool, but a serious argument for holding gold as monetary insurance, a risk often overlooked. 🥇<\/div>\n<\/td>\n<\/tr>\n
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Ben Woodward, CFA (@BennettWoodman) 187 likes \u00b7 8 replies<\/font><\/a><\/div>\n
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✅  Luke Gromen retweeted praise from @BennettWoodman calling his debt-adjusted Warren Buffett metric one of the sharpest fiscal-dominance frameworks, noting that every prior 100% reading saw stocks badly lag gold and the metric now sits at 130%. ✅  The metric combines total U.S. equity market cap as a percent of GDP with an adjustment for federal […]<\/p>\n","protected":false},"author":1,"featured_media":39474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39473","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=39473"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/39474"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=39473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=39473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=39473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}