GOLD AND GGP19 Mar 2026 09:53
Last time Gold was at $4,700 an ounce, GGP was in the £6.40`s, so a bit of an over reaction in the SP fall if you ask me. However, the the fall in Gold is temporary and in my opinion, this is why. What has changed in the World Economy?. For example, national debts are increasing, with world debt at $111 trillion, in the USA, it now stands at $39 trillion, try and get your head around that, The World Economy is estimated to be $105 trillion, with the USA making up $30 trillion of that, so just the USA`s debt is approaching 40% of World GDP, and more than 130% of its own GDP. It is printing money like confetti. China is in a debt crisis, currently 110% of GDP. The once great nation known as the UK has a National Debt of 96.5% of GDP. These are the Elephants in the room and they are not going away, wars and Oil price spike, all detract from the fundamental problem of unrepayable debt. Fiat currencies are on life support, many nations have nothing to back them, hence the massive accumulation of Gold by Central Banks. Don`t panic, the Gold bull run has just paused for a while. GLA