$2400 Gold & $35 Silver Soon! Gold & Silver Prices Will ABSOLUTELY SHOCK Everyone – Thomas Parilla
President of Parilla Investment Group, Thomas Parilla, predicts that gold will rise to about 2,400 dollars and silver to around 35 dollars per ounce. This suggests an optimistic outlook with significant potential upside for both precious metals.
According to Coin Price Forecast experts, gold’s upward trend will continue in 2024. Analysts foresee gold reaching 2,032 dollars in the first half of the year and around 2,100 dollars per troy ounce by the end of 2024. Wallet Investor predicts that gold prices will remain relatively stable without significant fluctuations, with moderate growth anticipated throughout the year, trading above 2,000 dollars.
Parilla attributes this optimism to the economic instability stemming from the potential banking issues and commercial real estate meltdown, which could increase demand for precious metals as safe-haven assets. Fund managers share this concern, with about 16% of respondents in a global fund manager survey by Bank of America citing a “systemic credit event” as the top risk to markets in February. The Federal Reserve has responded to inflation concerns by raising interest rates to their highest level since 2001. This suggests that rates may stay elevated for some time, as policymakers are not currently considering rate cuts until they are more confident about inflation returning to 2%.
Parilla speculates that the Federal Reserve might delay a substantial response until a significant problem arises. However, they may consider rate cuts and quantitative easing if the situation deteriorates. Overall, a cautious yet optimistic outlook for the precious metals market is driven by economic uncertainty and potential financial risks.
Parilla notes a significant increase in commercial real estate debt maturing in 2024, rising from 659 billion to 929 billion dollars compared to the previous year. According to Parilla, this increase is primarily attributed to underperforming loans from the previous year being extended rather than defaulting, suggesting a temporary measure by lenders to manage potential risks.
The filings to the Federal Deposit Insurance Corporation also show that the average reserves at major banks like JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley have decreased from 1.60 dollars to 90 cents for every dollar of commercial real estate debt on which a borrower is at least 30 days late. This sharp deterioration occurred after delinquent commercial property debt for these six big banks nearly tripled to $9.3 billion.
This trend is not unique to these banks, as the wider US banking sector also saw a significant increase in delinquent loans tied to commercial properties last year. The total value of these delinquent loans more than doubled to 24.3 billion dollars, up from 11.2 billion dollars the previous year.
Parilla implies that this situation could potentially lead to a challenging environment for banks, as they may struggle to withstand significant write-downs, especially if the real estate market continues to underperform.
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Gold at uh 2026 today and it held that 2,000 it tested 2,000 the other day and held it Silver’s at 2351 uh the dollar Index right now is at 104.1 182 uh over the course of the year I still hold my initial projections of gold going to about 2400 and silver
Heading into the $35 area uh I still see see the dollar Index going down to about 90 and then over the next three to five years after that having it trade down to about 70 mhm so the upside gold and silver I think is tremendous silver will
Out produce gold but I would still split my Holdings 50/50 president of perilla Investment Group Thomas perilla predicts that gold will rise to about $2,400 and silver to around $35 per ounce this suggests an optimistic Outlook with significant potential upside for both precious metals according to coin price forecast experts Gold’s upward Trend
Will continue in 2024 analysts foresee gold reaching $232 in the first half of the year and around $22,100 per troy ounce by the end of 2024 wallet investor predicts that gold prices will remain relatively stable without significant fluctuations with moderate growth anticipated throughout the year trading above $2,000 Parilla attributes this optimism
To the economic instability stemming from the potential banking issues and Commercial Real Estate meltdown which could increase demand for precious metals as Safe Haven assets fund managers share this concern with about 16% of respondents in a global fund manager survey by Bank of America citing a systemic credit event as the top risk
To markets in February the Federal Reserve has responded to inflation concerns by raising interest rates to their highest level since 2001 this suggests that rates may stay elevated for some time as policy makers are not currently considering rate Cuts until they are more confident about inflation returning to 2% peril speculates that
The Federal Reserve might delay a substantial response until a significant problem arises however they may consider rate cuts and quantitative easing if the situation deteriorates overall a cautious yet optimistic outlook for the precious metals Market is driven by economic uncertainty and potential Financial risks join us as we explore the insights
Shared by Thomas perilla stay updated by subscribing to our Channel and activating notifications thank you I think you got multiple problems I mean I I continue to focus right now on the commercial real estate because I think that’s going to be the first thing that
Hurts the banks and the way I see it happening is you’re going to see a complete meltdown in that real estate sector unless the FED Cuts reach and it doesn’t sound like they’re going to do it just right away and if that happens you’re gonna have bank failures and when
That happens then they’re going to be forced to do rate cuts and then forced to do quantitative easing right that’s a perfect environment for gold and silver gold at uh 2026 today and it held that 2,000 it tested 2000 the other day and held it Silver’s at
2351 uh the dollar Index right now is at 104.1 182 uh over the course of the year I still hold my initial projections of gold going to about 2400 and silver heading into the $35 area uh I still see see the dollar Index going down to about
90 and then over the next three to five years after that having a trade down to about 70 so the upside gold and silver I think is tremendous the silver produce gold but I would still split my Holdings 50/50 yeah I think they’re going to delay it until they actually break
Something significant that they can’t get out of you know they worked around Silicon Valley Bank when it went down so far they’ve held the you know New York Community Bank together even though it had a really rough week uh fed uh the FED daily was just out on the wires
Maybe High fire ago saying she sees a reasonable Benchmark of being three rate Cuts this year and if that’s the case I would imagine they’ probably start sometime time in July and go from there but they may not have a choice I mean what’s going on right now in commercial
Real estate May trigger them to move a little faster more aggressively I’m seeing meltdowns in pretty much every market around the United States and it looks like it’s a a global problem not just a us one right but the fascinating part about it is in in the banking
System you know typical Bank only keeps about 5% in cash so you know that’s a real problem if you happen to have more than than that come in and want to take out withdrawals right then you need to go and raise cash so then that takes them to the treasuries that they hold
And the treasuries are way underwater because right now uh I just looked I think uh I think the 10year Bond is around 4.25% somewhere in that area so it actually went down into the 3% three and a half percent range for a while bounce back up so they’re way underwater on the
Treasuries and then you look at their commercial loans if they want to go ahead and maybe bring in some commercial loans and free up cash there they’re way undervalue there to underwater there as well uh what banks typically do in the commercial real estate area they they
Call it extend and pretend they push when a loan’s in trouble they try to push out as far as they can and then they just pretend that you’re going to have a recovery the next year if they push it out far enough you know normally you know housing Cycles go through you
Know boom bust the FED goes through a cycle or they you know raise race and they cut right and that works out okay but the problem is now it looks like this commercial real estate problem could be bigger than we’ve seen in the past and the banks are not properly
Reserving for it right now not even close and I’ll tell you what you talk about like fed Regulators Bank Regulators it’s ridiculous they put guidelines in place but I think the banks almost look at them as complete jokes and they’re ignoring them I I just I’ve got a list of the regional Banks
Right now this is crazy this is the percentage above the regulatory guidelines for them holding commercial real estate okay Valley National Bank 479 above regulations regulated guidelines uh Flagstar Bank 4 171% New York Community Bank 46% aess bank 366 per. I mean the list goes all City National Bank of Florida
300% how is it possible when you have Bank Regulators that you look at this see these banks that far above if they were 5 10 15% above you could let that slide but how are they 400% above they’re just thumbing their nose at the regulators and saying we’ll do whatever
We want and if it blows up well then we’ll come to you to bail us out perilla notes a significant increase in commercial real estate debt maturing in 2024 rising from 659 billion to $929 billion compared to the previous year according to perilla this increase is primarily attributed to underperforming
Loans from the previous year being extended rather than defaulting suggesting a temporary measure by lenders to manage potential risks the filings to the Federal Deposit Insurance Corporation also show that the average Reserves at Major Banks like JP Morgan Chase Bank of America Wells Fargo City Group Goldman Sachs and Morgan Stanley
Have decreased from $1.60 to 90 for every dollar of commercial real estate debt on which a borrower is at least 30 days late this sharp deterioration occurred after delinquent commercial property debt for these six big Banks nearly tripled to $9.3 billion this trend is not unique to
These Banks as The Wider US banking sector also saw a significant increase in delinquent loans tied to commercial properties last year the total value of these delinquent loans more than doubled to $24.3 billion up from $ 11.2 billion the previous year perilla implies that this situation could potentially lead to
A challenging environment for banks as they may struggle to withstand significant write Downs especially if the real estate market continues to underperform let’s get back to the interview and part of the problem is you know if you look at who’s running our treasury who’s running the FED most of
These people have never worked most of them stayed in Academia their entire life and then when you know they got their bachelor they got their masters they got their Doctrine and then they went to work at the feder of the treasury and they never actually went
Out and did it they just read about it in theory right right you know Mercers University right here I love the school but I’ll tell you what you could take three of those people HDs up there put them together form a company and they’d probably bankrupt it in five years yeah
Because they’re they don’t know how to run a company no yeah I saw someone posted one time you know you could shove your PhD up my ass you know I think that’s the problem you got with the fed and the treasury a lot of these people I don’t think have a
Lot of practical knowledge uh you have two forms of inflation that they’re battling right now the part they’re battling right now is supply chain related right and that’s where you could see a tick back up and that’s probably what’s scaring the FED I mean you look at what’s going on in uh
You know the supply chain globally you know try to take a cargo ship up the Red Sea right now you know it’s 5050 maybe it gets through maybe it doesn’t uh you go around the horn there uh Somalia maybe a pirate gets it maybe it doesn’t
Uh I I think they’ve seen you know like the Panama Canal right now they’re having problems there with the water levels all those things are going to add to the you know supply chain prices it just has to you I think if they pump enough cash into the system they can
Push the can down the road farther and that’s what they’re hoping but the fact they keep pushing the rate cuts out now they’re talking maybe July that tells me between now and July you run a real risk that you run into a bank failure the numbers are really
Interesting you know last year uh you had $659 billion worth of commercial real estate debt came due this year the number is 929 billion wow now the reason that jumped so much is a lot of the debt that came due last year never matured what happened is they were
Underperforming uh they didn’t go into default they just went and modified the loan and extended it and that’s what these Banks do they extend and they pretend so now you’ve got this massive amount 929 billion so if they have to do it again You’ turn around in 2025 and
Say okay now we’re looking at like you know 1.3 billion coming due sooner or later you can’t kick the can down the road any further and banks are gonna have to write this down I mean right now I I don’t think banks can withstand it I looked at banks
In Germany Germany looks like the most vulnerable right now on the other side in Europe um if they were to write down 15% losses on their uh commercial real estate they would be insolvent yeah that’s just 15% and I’m seeing places going that are really Choice Properties going
Especially here in the United States going cheap I mean I looked at a place the other day it’s in green Ohio it’s a beautiful place it’s the old FedEx offices and they’re gorgeous it’s 262,000 square foot and it went for $9 per square foot when it got sold gold is
Having a hard time preserving its bullish momentum and trading below $230 in Thursday’s second half of the day the benchmarked 10-year us treasury bond yield holds near 4.3% after us data not allowing gold to gain traction what factors will play a critical role in shaping the trajectory of gold and
Silver prices in 2024 share your thoughts in the comment section if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community
