Coming Great Global Gold Reset As Global Debt Hits $246.5 Trillion

November 2, 2019

◆ 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 – i.e. a corporate debt time-bomb 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.

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

78 percent of the yearly gold supply--is made into jewelry.

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