◆ Global debt has risen to another record at $255 trillion due to cheap borrowing costs.
◆ A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt.
◆ This is almost three times global economic output and equates to about $32,500 for every man, woman and child on earth.
◆ “With central bank rates at their lowest levels and U.S. Treasuries at their richest valuations in 100 years, we appear to be close to bubble territory, but we don’t know how or when this bubble will burst…”
◆ The way out for a world economy hooked on debt is not more debt.
◆ Prepare now with physical gold coins and bars in fully segregated storage in Singapore and Zurich.
Full article and charts on Bloomberg
NEWS & COMMENTARY
Gold steadies as trade doubts persist; faces worst month in 3-years
Gold gains in quiet trade as concerns about U.S-China trade deal rise
European markets higher; euro zone manufacturing activity shrinks again
Record $2.4 Trillion Bond Binge Is Threatening Investor Returns
Six European countries join barter system for Iran trade
India makes gold jewellery hallmarking mandatory from January 15
Wall Street dips after U.S. law on Hong Kong revives trade worries
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35
22-Nov-19 1471.30 1464.45, 1143.05 1140.22 & 1330.35 1326.06
19-Nov-19 1464.90 1468.45, 1132.37 1134.23 & 1323.68 1325.86
18-Nov-19 1458.40 1467.65, 1124.86 1132.59 & 1318.10 1325.88
15-Nov-19 1465.60 1466.90, 1138.04 1136.41 & 1329.59 1327.84
14-Nov-19 1467.65 1466.65, 1141.39 1142.52 & 1334.24 1333.18
