Daily Market Update

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
Executive Director

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