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'Gold's Rise in a World of Debt' expats


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Gold's Rise in a World of Debt

-- expats
Forum Post
01/08/12 18:29
Gold Mine

Gold's Rise in a World of Debt

Thank author of this post/commentThe above chart is the centerpiece of a presentation by the Bullion Management Group's Nick Barisheff, who argues that " Rising debt will lead to $10,000 gold ." And he reminds that "it's not just the US. Most Western economies have reached unsustainable levels of debt that will be impossible to pay off." This is echoed in a comprehensive report by Spiegel on "The danger debt poses to the Western world." It estimates that world debt at the end of 2011 was $55 trillion , more than double what it. .

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