Moriarty predicts a prolonged and significant rise in gold and silver prices, despite recent market corrections, citing daily sentiment indicators that show no signs of reaching a peak.
The dollar will be very strong, but not in a good way since debtors will have to make payments unto death in hard currency. It is only a question of when.
While mortgage rates are nowhere near as high as they rose in the eighties, consider that all current mortgages comprise far greater debt due to the massive rise in home prices.
The US dollar is in a critical state. With an alarming 34 trillion debt, unfunded liabilities approaching 200 trillion, and perpetual wars, the situation is grave.
It’s unfair for the U.S. government to tax capital gains on gold and silver. Those “gains” are the result of the debasement of paper money, which is the fault of the U.S. government!
Rates will have to come up more to drive inflation down, and the longer Powell denies that, the worse it will be. The market still hasn't prepared for “harder and longer” tightening.
Schiff predicts explosive growth in undervalued precious metal stocks and expects gold to reach $10,000 to $20,000 soon, with silver potentially outpacing gold in growth.
