Gold, the Pound and the UK Debt Mountain.

in market •  7 years ago 

In this report I look at the early market action from London on Friday, September 15th, 2017. I also focus on the gold price in pounds and look at total UK debt.

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Not going sell any gold, the price of gas , food, everything cost more not because inflation but a dollar dying.
I see it as gold and silver being worth more today than years past.
Used to be the Dollar which was backed by an ounce of silver, when they had the silver certificates, was worth one dollar, now it's at 17.71 as of 6 am.
I believe they are going to try and smack it down but here's my thoughts, people are getting a bit worried about cryptos right now, I saw hold what you have and wait this out, I think it will climb a lot higher.
But that leaves a lot of people such as in china being told they were going to outlaw bitcoin and ico altogether, which is another lie, China will come up with a gold backed currency , its written all over the wall. And in their vaults.
But where else will people seek a safe haven? Gold and Silver is the answer and it may just start a healthy climb.
Silver has been the most undervalued asset at this time. It wouldn't hurt to grab as much as you can before the rush.
Good report my friend!

@buster544 Thanks for the feedback and comment.

nice informative video @maneco64

@munawar1235 Thanks for watching and commenting.

Ireland has done a good job reducing its debt to gdp to just 75% from 120% at height of crisis. https://tradingeconomics.com/ireland/government-debt-to-gdp