GOLD To HIT $50K! Gold & Silver Prices Will Go Crazy Overnight When This Happens - Rafi Farber
Over the year to date, gold has shot the moon, rising from around 2,077 dollars an ounce to a new record high of 2,431.55 dollars an ounce this month. That's a gain worth a healthy 17%.
Rafi Farber, the End Game Investor, envisions a future where declining Federal Reserve assets compel a return to gold as the sole support for the dollar. This shift, he suggests, could propel gold's value towards 50,000 dollars per ounce signifying a global awakening to the importance of precious metals as a monetary standard. Historically, gold and silver have served as reliable indicators of market sentiment during periods of crisis. The 1970s and early 1980s are prime examples of these metals reaching unprecedented highs. This era was characterized by severe geopolitical and economic disruptions. These include the oil embargo of 1973 and the collapse of the Bretton Woods system in 1971. These events spurred rampant inflation and eroded trust in fiat currencies. This scenario prompted investors to flock to gold and silver as more stable stores of value.
In Farber's forward-looking analysis, hyperinflationary spirals lead to a collapse of currencies, eventually reverting to the base currency, such as the US dollar. However, he suggests that if even the dollar succumbs, there will be a need to return to gold and silver as the sole stable exchange mediums. The potential near-term weakening of the US dollar is primarily attributed to the Federal Reserve's implementation of accommodative monetary policies. The US is expected to lead the way and cut interest rates sooner than other Western countries and this could potentially diminish the allure of the dollar. Lowering interest rates in the US, in contrast to other developed markets, tends to decrease the dollar's value as it may encourage investors to seek higher returns elsewhere.
Despite the reassurances of stability, Farber discerns a recurring pattern of crises, such as the regional banking crisis in March 2023 and the repo rate surge in September 2019. He foresees a systemic collapse, envisioning gold and silver as the inevitable default currencies for transactions.
Despite the current calmness, Rafi Farber foresees a looming risk of deflationary panic due to the Federal Reserve's restrained money printing since 2021. He anticipates a scenario akin to the "repo apocalypse" of 2019, potentially driving gold and silver prices to new heights. Since the onset of the Covid pandemic, the Federal Reserve balance sheet has soared by over 100%, while M2 money supply has surged nearly 39%. Despite a slight decrease in recent tightening efforts, US debt has skyrocketed by 55%, surpassing any reductions in M2. This surge in debt and money supply suggests looming economic challenges and the potential for increased inflation.
While Farber envisions a future where the Federal Reserve's increasing reliance on gold to back its liabilities could lead to a narrowing of the gold to silver ratio. This, he suggests, might offer a unique chance to utilize silver for acquiring tangible assets such as houses at favorable prices.
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