◆ 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
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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