- 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
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
Advice From Fund Managers? Sell the Pound
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)
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 & 1142.63 1143.42
17-May-19 1285.80 1280.80, 1007.55 1005.17 & 1152.08 1146.70
16-May-19 1295.55 1291.70, 1009.62 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
