Commodity Trade Mantra

Posts Tagged ‘Gold Depository’

How Is Gold Impacted By Runaway Debt?

The world now sits beneath a mountain of debt worth $200 trillion. If gold backed total global debt 100%, it would be valued at $33,900 per ounce. It’s unlikely that gold will ever reach $33,900 per ounce—or even $12,000, as James Turk calculates—but the fact that supply has not kept up with debt levels suggests that gold prices might very well rise.

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