• Gold's Role In The Largest Debt Crisis In History | Mean Reversion Trading Weekly Podcast: July 20, 2022

  • Aug 1 2022
  • Length: 26 mins
  • Podcast

Gold's Role In The Largest Debt Crisis In History | Mean Reversion Trading Weekly Podcast: July 20, 2022

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  • Summary

    • Reuters reported on July 15, 2022, that a dozen countries are at risk of defaulting on their loans.

    • Lebanon, Sri Lanka, Russia, Suriname, and Zambia are already in default.

    • Many more are at risk as borrowing costs and inflation rise on top of record debt levels around the world.

    • The entire developing world is at risk.

    • The World Bank says that in the next year as many as a dozen countries will not be able to service their debt.
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