Rick Harrison said this 1 shiny asset has gone ‘absolutely nuts’ as governments are ‘buying it all’

Core Insights - Gold prices have surged 35% over the past year, recently exceeding $4,000 per ounce, indicating a significant increase in demand for the precious metal [1] - The U.S. national debt has reached $38.36 trillion as of November 2025, with interest costs surpassing spending on defense and Medicare, raising concerns about inflation and economic stability [2] - Central banks globally have been stockpiling gold, adding 1,045 tonnes to reserves in 2024, marking the third consecutive year of net purchases exceeding 1,000 tonnes [3] Industry Trends - The surge in gold prices is attributed to concerns over inflation and the increasing national debt, leading to a heightened demand for gold as a hedge against economic instability [2][4] - The difficulty in purchasing gold in some regions is contrasted by the ease of adding it to investment portfolios through various methods [3] - Physical bullion, such as bars or coins, remains a direct and popular method for investors to gain exposure to gold [4]