global debt

Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less than $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States . . . .

Gold is famously correlated inversely to the dollar and since the dollar has been weak of late the price is relatively strong, at just over US$1,340 per ounce . . . .