Bank of America strategists see 11% upside for gold by the end of next year as the Treasurys are threatened by soaring US debt levels.

Brian Moynihan's warnings over the national debt may be falling on deaf ears, but that isn't going to stop the Bank of America CEO from sounding the alarm. Uncle Sam's national debt has tipped over the $35.

Bank of America warns that gold may be the last true safe haven as the U.S. national debt climbs to unprecedented levels, casting doubt on the stability of traditional assets like Treasury bonds.