- What can solve the global debt crisis? What is the perfect debt extinguisher? Gold ! Remember the Golden Rule: “He who has the Gold makes the Rules!” Got physical gold yet?
- Imagine a country with debt of US$100B which is way over 100% of GDP. This same country has a physical gold holding/reserves of US$10B. All it needs to do is to revalue the price of gold upwards by 10X. Overnight, the gold reserve is worth US$100B. They are now solvent. Gold is the perfect debt extinguisher.