THE FUTURE OF GOLD

BY MAURICE ROSEN

For over fift y years, I’ve been closely following developments in the gold market and the many factors which aff ect its price. Today, we are at an unprecedented time when gold’s historic and primary role as wealth insurance is becoming vital.

Since the 2008 Global Financial Crisis, caused by an implosion of bad debts and credit instruments, the total level of debt in the United States and worldwide has risen by over 50%! Governments’ response to those critical times of debt gone wild was to create more debt. Globally, we have become over-reliant on borrowing as a solution for everything. For the United States alone, in response to the 2008 crisis, the Federal Reserve created or backstopped/guaranteed an astonishing $27 trillion out of thin air to restore trust.