Huge GOLD News! Central Banks Just Declared War on Your Gold & Silver Investment - Mario Innecco

Gold has outperformed all other asset classes in the current calendar year so far, maintaining its physical allure and generating substantial returns.
According to average inflation figures, the US dollar has lost 25% of its purchasing power over the last four years. The average price of gold in 2019 was 1,393 dollars; today, gold is roughly above 2,100 dollars per ounce. Gold has risen approximately 50% since 2019 and has outperformed the purchasing power of the US dollar by more than twice.
Renowned financial analyst Mario Innecco highlights the persistent strength of gold since its low in 1999, noting its rise despite increasing bond yields. Mario Innecco predicts that the end of the "war on gold" is near, with central banks losing control over fiat currencies, leading to skyrocketing gold and silver prices. Major nations, including China and Russia, have been striving for years to end the dominance of the US dollar in global trade. This effort has intensified recently, especially after the US froze Russian foreign assets, leading to a loss of confidence in Western financial institutions.
Based on his observation, Innecco explains that excessive money printing and borrowing have led to massive debt accumulation without a precious metals standard. As a result, there is decreasing demand for US, UK, and EU debt. No longer constrained by the limits imposed by the gold standard, the US government rapidly increased its debt. In 1971, US debt was 400 billion dollars; in 2024, it reached 34 trillion dollars, or 120% of GDP.
Based on the 35-year graph, national debt has increased rapidly on average, even when it is priced in gold. This should be cause for alarm: debt is increasing rapidly, and gold is underpriced. This trend signals that gold will reestablish itself as a reliable safe haven amid an impending currency crisis.
Mario Innecco explains that investor confidence in fiat currencies erodes during societal, economic, financial, and political upheaval periods. He predicts that this growing distrust is approaching its apex, signaling the end of the "war on gold." Concurrently, Innecco mentions that gold's recent breach of a significant resistance level established since August 2020, signaling a pronounced upward trend. In fact, since the creation of the Federal Reserve in 1912, the US dollar has lost nearly 98% of its purchasing power. The gold price, on the other hand, has multiplied a hundredfold. This may seem like a lot, but gold has just maintained its purchasing power. Today, one ounce of gold purchases approximately the same goods and services it did 100 years ago.
Gold hit an all-time high nominal price in April of 2024 amid rising asset prices across the board, but gold's inflation-adjusted high was still seen in 1980. Regarding the ongoing uncertainty, Innecco's advice underscores the stability and security that tangible assets like gold and silver may offer in the years ahead.

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