Big Opportunity! How Many Ounces Of Silver Are You HOLDING? Gregory Mannarino

The price of silver is widely forecast to rise again in 2024, but a global economic slowdown could cap its gains even as industrial demand remains close to record highs, pushing up the Gold/Silver Ratio of the two formerly monetary metals relative prices.
Gregory Mannarino, the Robinhood of Wall Street, highlights key indicators like the Dow gold and gold-silver ratios, emphasizing his strong belief in silver's significant undervaluation. He predicts potential one-to-one gold-dow parity and a 15-to-1 gold-silver ratio.
Despite a bullish stance on gold, the fund anticipates silver outperforming this year. “In this emerging bull market, expected to last many years, we predict the gold-to-silver ratio will drop below 30:1, setting an initial goal for 2024 at 70:1,” the analysts said. “Should gold appreciate by 20%, it would end the year at USD 2,475, and with a gold-to-silver ratio of 70:1, silver would close at USD 35, equating to a 48% return.”
However, Gregory states the current financial situation is an ideal time to bet against rising debt and achieve financial independence. He urges individuals to invest in precious metals due to a surge in global debt. Data published by the Treasury Department showed that “total public debt outstanding” rose to 34.001 trillion dollars on December 29. That figure, also known as the national debt, is the total amount of outstanding borrowing by the US federal government accumulated over the nation’s history.
Gregory also anticipates central banks continuing asset purchases and rate cuts, inflating the global debt bubble. Prices of government debt had already been hit after Fed board member Christopher Waller on Tuesday warned the US central bank should also not rush to cut rates, saying policymakers should "take our time to make sure we do this right."
Gregory Mannarino notes Waller's economic statements, expressing concern about media manipulation. Despite a sharp contraction in the New York Fed's business index, Waller views the Fed's data as nearly optimal.
Federal Reserve Governor Christopher Waller advises a cautious and systematic approach to interest rate cuts. “As long as inflation doesn’t rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year,” Waller said at a virtual event hosted by the Brookings Institution on Tuesday.
Furthermore, he notes the ongoing liquidity crisis and the urgency to pull cash into the system. The decline in the surplus funds to asset ratio, from 36% one year ago to 24%, signals a potential liquidity squeeze. Credit unions need to be prepared for a liquidity crisis that could hit in 2024 by performing routine assessments while monitoring the economic landscape.

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