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Home>Market Analysis>UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

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UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

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Mark O'Byrne

Goldcore

Published : May 22nd, 2019

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	While all the focus is on Brexit, the UK faces a debt and currency crisis UK has over $8T in external debt: 2nd largest debtor in the world after the U.S. True UK government debt exceeds £5 trillion as pension liabilities not in official numbers Total UK national nominal debt surged over £2 trillion; Increasing at over £5k per second Total debt (government, private, business & bank debt) as a percent of GDP is over 500% Total UK debt could total £6.7 trillion by 2023, rising to nearly 260% of GDP – PWC Diversify and own gold in the most cost effective way (CGT free gold sovereigns and gold and silver Britannias in the UK) and safest way in fully allocated and fully segregated storage Own Gold & Silver Coins (CGT Free in the UK) Stored In Zurich With Six Months Free Storage News Gold eases as placid Fed supports dollar Global stocks rally as U.S. eases Huawei restrictions Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year Russian central bank lowers U.S. dollars share in reserves due to possible risks Commentary Advice From Fund Managers? Sell the Pound LBMA Gold Prices (USD, GBP & EUR – AM/PM Fix per ounce) 21-May-19 1276.00 1271.15, 1004.85 998.62 1144.19 1139.84 20-May-19 1275.25 1276.85, 1000.05 1003.22 1142.62 1143.42 17-May-19 1285.80 1280.80, 1007.55 1005.17 1152.08 1146.70 16-May-19 1295.55 1291.70, 1009.67 1009.46 1155.76 1154.78 15-May-19 1298.90 1299.10, 1005.87 1011.87 1158.75 1161.53 14-May-19 1297.60 1298.40, 1002.14 1005.48 1154.34 1158.04 13-May-19 1282.95 1295.60, 985.95 994.89 1142.47 1151.27

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Mark O'Byrne 13 abonnés

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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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