The ‘mother of all bubbles’ keeps gold in focus


BusinessInsider/Frank Holmes/07-25-17

Today I want to discuss reports that global debt levels are at all-time highs, and what this means for your investment decisions going forward.

…Gold’s medium- to long-term investment case, I believe, looks even brighter. Many unsettling risks loom on the horizon—not least of which is a record amount of global debt—that could potentially spell trouble for the investor who hasn’t adequately prepared with some allocation in a “safe haven.”

According to the highly-respected Institute of International Finance (IIF), global debt levels reached an astronomical $217 trillion in the first quarter of 2017—that’s 327 percent of world gross domestic product (GDP). Notice that before the financial crisis, global debt was “only” around $150 trillion, meaning we’ve added close to $120 trillion in as little as a decade.

PG View: It’s like the financial crisis taught us nothing at all. There is assuredly a day of reckoning coming . . .

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