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KEFI Minerals Plc

Gold Is The Best Currency As World Faces Debt Crisis – Sprott Inc.

Investors need to stop focusing on gold’s daily volatility and focus on its long-term potential as nations around the world deal with ballooning debt, according to the CEO of one of the world’s prominent precious metals investment firms.

In a recent interview with Kitco News, Peter Grosskopf, CEO of Sprott Inc., said that it is only a matter of time before general investors turn to gold to preserve their wealth as they lose confidence in global fiat currencies.

Grosskopf explained that gold is the only reliable global currency as countries continue to deal with unstainable debt. According to data from the Washington-based Institute of International Finance, total world debt is hovering near a record at $244 trillion, more than three times the size of the global economy.

 

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.