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Market News

Weekly Touchpoint: Global Government Debt Now Double 2007

Posted By Isaac Nuriani |

Investors Using Gold Investment to Arm Against Recession

Households, companies and even governments continue to pile on debt as though it’s free. Now, a stunning new report reveals that governments around the world are carrying a level of global debt twice what it was before this decade’s financial crisis. Is your portfolio ready to withstand the impact when that debt finally topples the global economy? Maybe it’s time to consider using a physical gold (and/or silver) investment to arm yourself against a bursting economic bubble.

  • Global debt continues to soar, and that doesn’t bode well in a climate of rising interest rates. CNBC.com is reporting on numbers in Fitch Ratings’ new Global Government Debt Chart Book that reveal worldwide debt reached an astonishing $66 trillion through the end of 2018. This $66 trillion debt is double where it was in 2007 just before the onset of the 2008 financial crisis. Worldwide government debt is now 80% of global GDP.
  • Technical analyst Sven Henrich of NorthmanTrader says, “Complacency is back and comes in the form of recession denial in the face of global slowing data.” Henrich points to a wealth of information that doesn’t square with Fed, White House and Wall Street narrative saying things are swell and no recession is on the horizon. Among Henrich’s worrisome numbers are declining output in many countries, including France, Germany and Japan, as well as a sharp drop in the Fed’s Business Outlook Surveys.
  • Jan Van Eck, creator of the popular GDX gold miners and GDXJ junior gold miners ETFs, says his research confirms bitcoin investors are trading crypto for gold this year. Van Eck said through CNBC.com that his firm “just polled 4,000 bitcoin investors and their number-one investment for 2019 is actually gold.” Echoing Van Eck’s sentiments, Tim Seymour of Seymour Asset Management flatly declared, “Gold is a store of value and there’s no disputing that.”
  • There’s still a large number of investors cautiously optimistic about stocks even after major indices closed down for the year. But objective analysis will tell you the stock market remains overvalued by a lot. In fact one of the world’s leading asset management firms says not only is the market now a bubble that’s ready to burst, but its behavior is eerily reminiscent of the days leading up to the 1929 stock market crash. For important insight, read the latest blog article from Augusta.

If the world’s governments carrying $66 trillion in obligations doesn’t count as too much debt, what does? We may all find out very soon what this global debt means for the economy AND our own investments. The silver lining to reports such as this is that they give you the opportunity to protect your portfolio with physical gold (and silver) investments before the roof caves in. Have you done that? If not, call Augusta Precious Metals today at 855-242-4121 or visit Augustapreciousmetals.com.

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't invest in Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the value of the precious metal they contain. Augusta's prices and buy-back prices are determined and controlled by Augusta. This investment is speculative and unregulated.