The New CS Board

[jumanji0881]

I think debt will be the big driver for higher gold prices. I read that the total global debt is now $217 Trillion with $60 Trillion of that in sovereign debt. BUT, once the global economy goes into recession/depression, the public debt will explode higher and the private debt will implode resulting in forced liquidations. Those unaffordable house prices will collapse and the CBs will not be able to print money fast enough (they will be overwhelmed).