Gold’s fear trade intensifies on debt and equity risk

WGC/Frank Holmes/09-20-17

Global debt levels have reached unprecedented levels, pension deficits are rising and the US interest rate cycle is on the turn. Frank Holmes, chief executive of highly regarded investment management group US Global Investors, believes that investing in gold is a logical response to current, unnerving conditions.

“For centuries, investors and savers have depended on gold in times of economic and political strife, and its investment case right now is as compelling as it’s ever been.”
“Total global debt levels reached an astronomical US$217 trillion in the first quarter – that’s 327% of world GDP.”
“Gold’s investment case becomes even more compelling when we consider the US Federal Reserve’s next moves.”
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