Gold in the Age of Soaring Debt
By GCRU Gold News on Wednesday, June 24 2015, 23:09 - Permalink
More surprising is that if gold backed total global debt 100 percent, it would be valued at $33,900 per ounce.
Such massive debt levels can be reached only in a fiat currency system, where money is easy, virtually limitless and unsecured by anything tangible.