◆ In the first quarter of 2019, global debt hit $246.5 trillion
◆ Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone
◆ It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when global debt reached its highest on record, $248 trillion
◆ We’re not sure when the global reset will happen, or what will be the trigger – ie. a corporate debt timebomb that could crash the global economy. Almost $19 trillion dollars of debt is owed by companies that don’t earn enough to cover interest payments.
◆ We are absolutely sure the reset will happen and gold will play a very important role in the transition to a new world currency.
Access the full article by Rick Mills of ‘Ahead of the Herd’ on GoldSeek
NEWS & COMMENTARY
Gold eases as strong China factory data prompts profit booking
Gold climbs back above $1,500 to settle at a 5-week high
Trump bets on Fed cuts to help the dollar. Don’t count on it
Citi predicts the greenback could weaken ‘substantially’ — to as low as 85 on the dollar index
Euro maintains gains against dollar on expectations of U.S. slowdown
US concerns over Nord Stream 2 are about fear of losing leverage, not welfare of Europe
Wild Day in China Dollar Bonds Sees Record Drops, One Recovery
Understand the Real Causes of the Coming Collapse
Listen to Goldnomics Podcast Here
GOLD PRICES (LBMA – USD, GBP & EUR – AM/ PM Fix)
31-Oct-19 1506.40 1510.95, 1163.09 1168.57 & 1348.53 1356.53
30-Oct-19 1490.15 1492.10, 1156.65 1159.81 & 1340.39 1342.74
29-Oct-19 1492.75 1486.75, 1164.79 1155.20 & 1347.80 1338.37
28-Oct-19 1505.05 1492.40, 1172.89 1160.94 & 1356.95 1345.55
25-Oct-19 1504.65 1513.45, 1171.82 1180.79 & 1353.28 1364.22
24-Oct-19 1488.85 1496.55, 1154.75 1163.12 & 1338.03 1346.45
23-Oct-19 1494.25 1494.45, 1162.53 1159.84 & 1343.78 1343.66
22-Oct-19 1487.45 1485.35, 1149.50 1149.66 & 1335.28 1334.14
21-Oct-19 1490.85 1491.65, 1147.81 1148.27 & 1334.91 1337.12
18-Oct-19 1487.50 1490.00, 1154.15 1155.64 & 1336.67 1337.28
