Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Global Debt Grows and Central Banks Are Buyers

Sprott's Thoughts

Global Debt Grows and Central Banks Are Buyers

The IMF reported last week that global debt hit a record $152 trillion.  I’m old enough to remember when a million was a lot, and in the past two decades we have blown right through talking of millions and billions and are now throwing around trillions like its nothing.

Much of this debt has been purchased by none other than the big central banks.  Sunday, Bloomberg reported that central bank assets have grown at the fastest pace in five years, topping $21 trillion:

The world’s biggest central banks are bulking up their balance sheets this year at the fastest pace since 2011’s European debt crisis to boost lackluster economic recoveries with asset purchases that are supporting stock and bond prices.

The 10 largest lenders now own assets totaling $21.4 trillion, a 10 percent increase from the end of last year, data collected by Bloomberg show. Their combined holdings grew by 3 percent or less in both 2015 and 2014.

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