Gold prices hit an all-time high of 2,397.25 dollars per ounce earlier today, an increase of 2.97 percent in twenty-four hours. Silver prices also hit a record peak of 29.20 dollars per ounce, the metal’s highest peak since it hit 30 dollars in January 2013. This is a moment that silver stackers could only imagine for years, and it’s happening almost without any explanation. Veteran investor and financial commentator Jim Rogers perhaps has the best explanation for why gold and silver prices are having such a strong run-up. Jim believes the reckless money printing exercises of central banks around the world is finally catching up with us, leading to significant price increases. While the US Federal Reserve and other central banks assume that the inflation battle has been won, Rogers and other financial experts warn that inflation will become a stable theme for at least another decade.
The concern about inflation has become even more urgent with increasing threats of a global real estate crisis, which experts warn will be on an even larger scale than China’s Evergrande collapse. For instance, the higher interest rate environment in the US has battered the real estate industry. This, coupled with climbing vacancy rates for office spaces, is why even popular, previously widely coveted office buildings are being sold at huge discounts. Experts like Jim fear that when this crisis hits the banking sector in full force, the Fed will be forced to cut rates and start printing excessively again to save the banks. In a recent interview with Capital Cosm, Jim explains that the precious metals market senses what’s coming and how devastating it will be for investors who keep their wealth in the system.
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Credit: CapitalCosm
🔴 HUGE GOLD 🥇 & SILVER 🥈 BULL MARKET 🚀 As Global Crisis On The Horizon 🤯 | Jim Rogers #video
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