Jim Rogers Changed His Entire Predictions for Gold & Silver in 2024 – Here’s Why

In this video, investment legend Jim Rogers shares a dire warning about the global debt crisis and its potential impact on the economy. He discusses the alarming surge in worldwide debt since 2008 and expresses concerns about the impending financial problems. Jim emphasizes the importance of owning gold and silver as a safeguard during crises. Watch the video to understand why he’s revising his predictions for gold and silver in 2024. Don’t forget to subscribe for more insights and updates on economic trends! 🌐💼 #Gold #Silver #EconomicPredictions #GlobalDebtCrisis

Credit: Soar Financially
Gold & Market Crash 2024 – Gloomy Forecast by Jim Rogers

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I would suspect that next time next year things are not going to look as happy as they look here in December of of 2023 since 2008 the debt everywhere has skyrocketed Japan I’m everywhere everywhere so the next problem has to be the worst in my lifetime because the debt is just

Unbelievable what and it’s happening in all over the world and I don’t see how the next problem cannot be the worst in my lifetime everybody should have some gold and silver let say if a crisis comes you want to have gold and silver in late last year our outlook on US debt

Levels was optimistic however since then the fiscal condition of the United States has taken a turn for the worse debt to GDP ratios have climbed debt servicing costs have surged and the Congressional budget office’s projections for fiscal balances have shifted deeper into deficits as of October 26th 2023 the US federal debt as

Reported by the treasury Department has skyrocketed to $ 33.67048 5 trillion were enacted during the 2018 financial crisis subsequently amid the covid-19 pandemic six rounds of fiscal stimulus policies amounting to nearly $5.7 trillion were introduced investment Guru Jim Rogers expresses deep concern over the alarming surge in global debt

Since the 2008 financial crisis he emphasizes that worldwide debt levels have reached unprecedented highs posing a substantial risk of triggering a severe and widespread crisis this concern is not limited to specific countries even Nations like China previously characterized by minimal debt now face significant indebtedness Jim observes that the mounting debt burden

Sets the stage for what he perceives as the most significant financial problem in his lifetime The Staggering Global debt accumulation since 2008 in his view is unsustainable and he warns of potentially catastrophic consequences such as an imminent banking crash hyperinflation and even the looming Spectre of bankruptcy for the United

States to guard against such crises Jim vehemently advocates for owning gold citing the historical resilience of precious metals like gold and silver during economic turmoil these medals have consistently retained their value serving as a reliable form of financial Security in times of profound uncertainty or severe economic upheaval

Clips from Jim rogers’s interview with SAR financially will be presented shortly but before we proceed if you desire more videos like this please hit the Subscribe button and turn on the notific ification Bell for future updates thank you and enjoy the video I own gold I own silver I own precious

Metals I have for many years they’re in the closet everybody should have some silver and gold under the bed because if there’s a problem all of us peasants know when there’s a serious catastrophe you better have some gold and silver in the closet so I do but am I running out

And buying gold or silver now no I’m mainly watching CU I certainly own enough of both of those but everybody should have some gold and silver let say if a crisis comes you want to have gold and silver main thing is I’m looking for the blowoff if the blowoff is going to

Happen historically that’s the way these markets end we have a blow off at the end and if that happens it’s going to lead to opportunities for short sellers or opportunities for some people so I worry because I as I said before it’s the longest period in American history

Without a serious problem so when the next problem comes it’s got to be very bad remember 2008 was a problem because of too much debt hi look out the window my gosh the debt since 2009 is skyrocketed everywhere even China has a lot of debt now China didn’t have any

Debt 25 years ago and so they could save the world in 2008 but now even even China has a lot of debt in Washington Janet Yellen saids don’t worry we got it under control we know what we’re doing we have figured out a way to solve all these problems now Janny Yellen has

Degrees from two famous ivy league universities so if you believe her wonderful I happen not to believe her I know we’re going to have serious problems partly exacerbated by Washington but if you believe her bye bye bye well I mean as I look out the window here I don’t see anything I don’t

See stocks anywhere except the couple of companies countries I mentioned I don’t see bonds I see bonds I know bonds are a Buble I don’t see property I guess there’s some great property opportunities somewhere but not they’re not wild widespread across the board K I wish I could see something I’d like to

Look out the window and find something great but unfortunately out my window I don’t see these things right now I’m looking I certainly would like to find but I cannot put all my money in usbekistan or agriculture my I I remember 2008 and we had a big problem K

Since 2008 the debt everywhere has skyrocketed Japan I’m everywhere everywhere so the next problem has to be the worst in my lifetime because the debt is just unbelievable but and it’s happening in all over the world world and I don’t see how the next problem cannot be the worst

In my lifetime I mean I’m not sitting here trying to scare you I’m just looking at facts and I see all this debt everywhere it’s got to lead to big problems when when it all comes to an end somebody’s going to suffer I hope I’m not one of them hope you’re not hope

Your viewers are not well the reason they’re never clear is because they don’t know what they’re doing you know they don’t they don’t have a clue what’s going on uh and if they get it right it’s an accident they haven’t been we’ve had a couple of good fed fed chairman in

The past 100 years but for the most part you know they’re bureaucrats and academics they don’t know what they’re doing by the US printed staggering amounts of money the Central Bank in Washington I don’t think any Central Bank has ever printed as much as they did so of course things feel good right

Now well the Japanese also have printed staggering amounts of money probably more than they ever have before so with between Japan and America printing a lot of money you know those are two gigantic economies with a lot of money being printed a lot of people having a good

Time since the bank of Japan initiated a noteworthy bond market experiment in 2016 investors have been pondering how it would eventually conclude central banks globally have utilized Bond buying programs known as quantitative easing to support economies for over a decade however 7 years ago the bank of Japan

Took an additional step by imposing a strict limit on 10-year Japanese government bond jgb yields Jim underscores the uniqueness of the bank of Japan’s share purchasing strategy signaling intentional support for their financial markets backed by laws encouraging increased Investments this strategic move unfolded against the backdrop of a 35-year peak in Japan’s

Stock market underscoring the prolonged stagnation of the economy this historical context vividly illustrates the persistent challenges is confronting the Japanese economy Jim also acknowledges China’s recent struggles attributed to the pandemic and a burst in the real estate bubble China’s rapid economic expansion has heavily relied on substantial borrowing resulting in a

Significant accumulation of debt approaching 300% of its GDP despite active efforts to transition the economy from a Reliance on exports and investment to a more balanced model emphasizing domestic consumption and Innovation this shift has proven challenging leading to reduced growth rates now let’s return to the interview

Now let’s return to of Japan has been buying shares uh they’ve been passing laws to encourage people to invest all of these things have happened before and when they happen especially if you have a depressed Market you know the Japanese Market made its high 35 years ago that’s

Not a typo 35 years ago and now the Japanese Bank a central bank is buying the new tax laws are good for people who buy shares know there are reasons to think that Japan may go up now Japan has horrible problems guy you know Japan’s had a declining population for 15 years

Now the debt is skyrocketing as you point out no Japan unless something happens they’re not going to be in Japan in 50 years China’s had the virus and they had a real estate bubble pop a huge bubble pop so China’s had some problems uh which is why the markets are

Down which is why the economy has been slow but most problems come to an end I can think I can see the end of the property bubble coming to an end I think I can see some of the problems in the virus coming to an end and if that’s the

Case China is not a bad place to invest because it’s a huge economy and lots of people working very hard but we usually have something that when we have a big recession or depression something triggers it but it’s usually a lot of nothing there’s no one thing I mean we

The Press talks about one thing but these things accumulate over over time more and more small things turn into big things and the next thing you know it’s on the evening news and everybody says oh my God Leman Brothers is bankrupt you know but things were already going bad

Long before Leman Brothers went bankrupt if you look back at 200 7 2008 you know Iceland went bankrupt if anybody knew they didn’t care but it was the first one of the first steps along the way till eventually Leman Brothers went bankrupt and we all said oh my gosh look

What just happened but Bear Sterns had gone bankrupt a few months before Etc these things don’t happen with one day with one one event as debt burdens globally soar to unprecedented Heights they cast ominous Shadows over the stability of financial ecosystems the trajectory of precious metals like gold

Is anticipated to continue its upward Ascent bolstered by factors such as elevated Consumer Debt levels and a prevailing lack of trust in government institutions the question looms how might the escalating Global debt profoundly influence our financial future we invite you to share your observations and insights in the comments section below additionally if

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