Financial Advice In 2019: Own Gold To Hedge $250 Trillion Global Debt Bubble

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Published : January 08th, 2019
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Category : Market Analysis

– Financial advice needed in 2019? Let six experts guide you

– Save regularly, switch your mortgage, check up on tax reliefs & hedge risks in 2019 by diversifying into gold

– “There are also very real risks posed by the global debt bubble as the world nears $250 trillion in debt and the global debt-to-GDP ratio has risen to nearly 320 per cent” say GoldCore

Excerpt from

My resolution:
One financial resolution is to read and watch less financial news. I stay up to date with financial markets, including breaking financial news, as I have to write a market update every day and frequently provide comment to media.

However, in the age of Trump and Brexit, it can be hard to keep up with it all.

I am going to unsubscribe from many of the alerts I get and become more selective and focused in my news consumption. This will help filter out much of the daily and weekly market noise and help me get more valuable long-term signal.

We believe that diversification and owning gold as a hedge and safe haven asset will again be important in 2019.

My recommendation:
We live in an increasingly polarised and uncertain world which casts shadows over our economies and the investment outlook.

This is clearly seen with Brexit, the risk of “Italexit”, an increasingly fractured EU and Trump’s aggressive foreign and economic policies, including trade wars.

There are also very real risks posed by the global debt bubble as the world nears $250 trillion in debt and the global debt-to-GDP ratio has risen to nearly 320 per cent.

We believe that diversification and owning gold as a hedge and safe haven asset will again be important in 2019 and in the coming years.

News and Commentary

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Gold Prices (LBMA PM)

05 Jan: USD 1,291.50, GBP 1,013.83 & EUR 1,129.03 per ounce
04 Jan: USD 1,290.35, GBP 1,016.80 & EUR 1,131.24 per ounce
03 Jan: USD 1,287.95, GBP 1,024.05 & EUR 1,132.62 per ounce
02 Jan: USD 1,287.20, GBP 1,014.44 & EUR 1,125.27 per ounce
31 Dec: USD 1,281.65, GBP 1,005.45 & EUR 1,120.03 per ounce
28 Dec: USD 1,277.25, GBP 1,009.16 & EUR 1,114.91 per ounce
27 Dec: USD 1,271.10, GBP 1,006.20 & EUR 1,115.26 per ounce

Silver Prices (LBMA)

05 Jan: USD 15.75, GBP 12.35 & EUR 13.77 per ounce
04 Jan: USD 15.70, GBP 12.40 & EUR 13.76 per ounce
03 Jan: USD 15.53, GBP 12.37 & EUR 13.70 per ounce
02 Jan: USD 15.44, GBP 12.19 & EUR 13.51 per ounce
31 Dec: USD 15.47, GBP 12.11 & EUR 13.51 per ounce
28 Dec: USD 15.30, GBP 12.05 & EUR 13.34 per ounce
27 Dec: USD 15.06, GBP 11.92 & EUR 13.22 per ounce

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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.
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