Gold will triumph as higher interest rates would be catastrophic.
Gold Will Triumph
March 18 (King World News) – Egon von Greyerz out of Switzerland: Despite the current confluence of factors (rising rates, dollars, wild speculation and post-CV19 euphoria) pulling money out of gold, the long game toward which history is marching boils down to this: more inflation, more money printing & more currency devaluation is ahead of us! Gold will triumph in its critical role of preserving capital in a debt-sick world marked by dangerous speculation and openly dying currencies…
Billionaire Eric Sprott just bought a 20% stake in a mining company
to find out which one click here or on the image below
Higher Interest Rates Would Be Catastrophic
James Turk: Some are wondering if the Fed is so confident in the outlook, why not raise rates sooner? Answer: Because the US government cannot afford higher rates. With $28 trillion of debt, just 1% is $280 billion, which is 8% of last 12 months revenue. Higher rates will worsen the deficit and accelerate debt growth causing bigger deficits putting US government and US dollar on hyperinflation debt spiral like Venezuela.
To listen to James Turk discuss exactly what price targets to look for if the gold and silver markets have bottomed CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss the action in the gold, silver and mining share markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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