The case for $10,000 gold
By GCRU Gold News on Monday, July 25 2016, 00:57 - Permalink
Now in July of 2016, I am absolutely certain that the financial system cannot survive intact. Global debt has gone from $20 trillion to $230 trillion, a more than 10 times increase in the last 25 years and none of this debt can be repaid with real money. Governments and central banks have totally run out of ammunition. In their desperate attempts to save the financial system, they have manipulated every single market and financial instrument. They print money, they set false interest rates (now negative), they buy their own debt, they support stock markets and they also sell gold in the paper market.