Today the top trends forecaster in the world told King World News that US total debt and liabilities is really a staggering $126 trillion and gold is headed a lot higher.
August 29 (King World News) – Gerald Celente: “Sometimes people call me a futurist and I say, ‘Nope. Nobody can predict the future because there are too many wildcards.’ And the wildcard right now is the Iran war. When the Iran War broke out gold went down, why? How many tonnes of gold did Russia sell? How many tonnes did Turkey sell? Mexico, selling, selling, selling. This war has cost a lot and eight billion people are paying for it. This war has caused a lot of countries to sell gold.
So this is a temporary downturn in gold. And I agree with you, $4,000 was the bottom for gold. And gold took a hit today because of the new Fed-head comments. The United States, it isn’t $40 trillion of debt, the United States is in about $126 trillion of debt. Oh, and now you are going to raise interest rates and pay more on your debt? No.
We are forecasting that interest rates are not going to be raised. If anything they will hold them or lower them. And lowering them would be to juice up the economy. They are going to do everything they can to prop up this economy. The lower interest rates go, the lower the dollar falls. The deeper the dollar falls, the higher the gold and silver prices go. So this to us is a temporary downturn, and…to continue listening to Gerald Celente, who correctly predicted at the beginning of 2024 that gold prices would skyrocket, discuss what he expects from the gold market today CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED: GOLD & SILVER!
To listen to Alasdair Macleod discuss this week’s wild trading in gold and silver and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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