With central banks around the world leveraging like never before, the Fed has just expanded its balance sheet to $7.17 trillion, but look at the shocking leverage!
Extreme Leverage
October 22 (King World News) – James Turk: The Federal Reserve expanded its balance sheet this week to a record high of $7.17t. Leverage also soared to 182X, meaning its capital base gets wiped out if just 0.5% of its assets default.
Keep in mind that the quality of currency is more important than the quantity of currency.
King World News note: When we have a global reset, remember that owing physical gold and silver is what will get you on the other side unscathed.
The KWN audio interview has now been released!
***To listen to what has changed that is very bullish for gold and silver CLICK HERE OR ON THE IMAGE BELOW.
The Gold Market Has Already Seen Its Low
***ALSO JUST RELEASED: Despite Pullback, The Gold Market Has Already Seen Its Low CLICK HERE.
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