UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

  • While all the focus is on Brexit, the UK faces a debt and currency crisis
  • UK has over $8T in external debt: 2nd largest debtor in the world after the U.S.
  • True UK government debt exceeds £5 trillion as pension liabilities not in official numbers
  • Total UK national nominal debt surged over £2 trillion; Increasing at over £5k per second
  • Total debt (government, private, business & bank debt) as a percent of GDP is over 500%
  • Total UK debt could total £6.7 trillion by 2023, rising to nearly 260% of GDP – PWC
  • Diversify and own gold in the most cost effective way (CGT free gold sovereigns and gold and silver Britannias in the UK) and safest way in fully allocated and fully segregated storage

WATCH VIDEO HERE

Own Gold & Silver Coins (CGT Free in the UK) Stored In Zurich With Six Months Free Storage

News

Sterling dips lower after biggest weekly drop from Brexit in six months

Gold ends at nearly 3-week low as dollar, stocks perk up

Gold eases as placid Fed supports dollar

Global stocks rally as U.S. eases Huawei restrictions

Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year

Russian central bank lowers U.S. dollars share in reserves due to possible risks


Commentary

British Pound: “More Stormy Conditions for Sterling” vs. Euro and Dollar as No Brexit Deal Likely in 2019 says Analyst

Advice From Fund Managers? Sell the Pound

Are We Running Out Of Gold?

Deutsche Bank Very Dangerous to Global Banking System

The Global Collateral Trap & An Asset Market Collapse (w/ Michael Howell)



LBMA Gold Prices (USD, GBP & EUR – AM/PM Fix per ounce)

21-May-19 1276.00 1271.15, 1004.85 998.62 1144.19 1139.84
20-May-19 1275.25 1276.85, 1000.05 1003.22 1142.62 1143.42
17-May-19 1285.80 1280.80, 1007.55 1005.17 1152.08 1146.70
16-May-19 1295.55 1291.70, 1009.67 1009.46 1155.76 1154.78
15-May-19 1298.90 1299.10, 1005.87 1011.87 1158.75 1161.53
14-May-19 1297.60 1298.40, 1002.14 1005.48 1154.34 1158.04
13-May-19 1282.95 1295.60, 985.95 994.89 1142.47 1151.27




Mark O'Byrne

Also on news-goldcore-com

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE