Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. Also, the percentage of world gold investment to global world assets is much higher than we realize.
So, why will the U.S. gold market suffer a deficit if gold demand is down sharply this year? Well, it seems as if the culprit is the huge increase in net gold exports. Thus, the U.S. net export deficit will be 225 mt in 2017…
Enjoy the good times while you can because when the economy BLOWS UP this next time, there is no plan B. Sure, we could see massive monetary printing by Central Banks to continue the madness a bit longer after the market crashes, but this won’t be a long-term solution.