In the aftermath of what has been a wild couple of weeks of trading, today a former associate of George Soros told King World News that the professionals have it completely wrong and that gold and silver are going to skyrocket like the 1970s.
Victor Sperandeo manages over $3 billion, has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below is what Sperandeo had to say.
Victor Sperandeo: “The base metals are going through the roof. Why? Because inventories were so low and demand is picking up. Inflation is rising all over the world because all of the currencies across the globe have been plunging, except for the U.S. dollar…
To find out which company Doug Casey, Rick Rule and Sprott Asset Management are pounding
the table on that already has a staggering 18.1 million ounces of gold that just added another
massive deposit and is quickly being recognized as one of the greatest
gold opportunities in the world – CLICK HERE OR BELOW:
And with regards to a Trump presidency, yes, you will get growth. But you will also get rising interest rates and rising inflation. If you look back to the 1970s, that’s why gold went up 31 percent a year from 1971-1980 (see remarkable chart below).
This is what the professionals are missing, Eric. We are going to have a lot of inflation going forward and that will be extremely bullish for both gold and silver, which will soon catch up to the rest of the industrial metals. People just need to look at the 1970s in order to understand the roadmap for higher gold and silver prices.
The Days Of Low Inflation Are Over
5-year compounded rates of inflation are now at the lowest levels since 1961. 1.56 percent compounded is the rate of 5-year inflation. Again, Eric, that is the lowest in 55 years. The 10-year compounded rate of CPI is 1.87 percent per year. This is all coming to an end, Eric. Worldwide central banks have failed. Their policies have failed. Now there is going to be spending and debt will increase. Meaning, the days of low inflation have come to an end.
Massive Inflation Is Coming – Gold & Silver Will Skyrocket
What we are looking at going forward is massive inflation. If you remember, Eric, inflation was so out of control in the 1970s that there were times when people would purchase a high-quality used car and it would be worth more money one year later than what they originally paid for it — that’s how bad inflation was. And during that historic run, gold went up 25.5 times and silver went up 38 times in price. This is what the professionals are missing, Eric. The bottom line is that once again gold and silver are going to skyrocket.”
***KWN has just released one of legendary Art Cashin’s greatest audio interviews ever discussing the gold market at length, including the recent takedown in gold, what to surprises to expect in key markets as Trump becomes president, and what impact massive public works projects will have on the United States, inflation, gold, bonds, and much more. and you can listen to this extraordinary interview by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has now released the extraordinary KWN audio interview with whistleblower Andrew Maguire, where he discusses the gold and silver smash, at what price the large sovereign wholesale bids are located, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Is The World Going To See A Global Monetary Reset With QE Used To Purchase Gold? CLCK HERE.
© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.