Gold A Good Store Of Value – Protect From $217 Trillion Global Debt Bubble

Thursday, July 27, 2017
By Paul Martin

By: Mark O’Byrne, GoldCore
GoldSeek.com
Thursday, 27 July 2017

– ‘Mother of all debt bubbles’ keeps gold in focus
– Global debt alert: At all time high of astronomical $217 T
– India imports “phenomenal” 525 tons in first half of 2017
– Record investment demand – ETPs record $245B in H1, 17
– Investors, savers should diversify into “safe haven” gold
– Gold good ‘store of value’ in coming economic contraction

by Frank Holmes, U.S. Global Investors

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. Much of the leveraging occurred in emerging markets, specifically China, which is spending big on international infrastructure projects.

The Rest…HERE

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