Gold Is Going PARABOLIC! What’s Coming for Gold & Silver Prices Will SHOCK THE WORLD – Rick Rule
Gold Is Going PARABOLIC! What’s Coming for Gold & Silver Prices Will SHOCK THE WORLD – Rick Rule
Gold prices reached a new record on Monday, surpassing 2,630 dollars per ounce, as investors increasingly anticipate a November interest rate cut by the US Federal Reserve. This surge in gold prices comes amid a broader debate about inflation and monetary policy in the United States.
Rick Rule, founder of Sprott Global Resource Investments and a renowned expert on resource investments, has long warned that the US might resort to inflation to reduce the present value of its obligations. Rule argues that this approach could drive more investors towards gold as a store of value against declining dollar purchasing power.
The Federal Reserve’s recent decision to cut interest rates by half a percentage point has sparked intense discussions among central bank officials. While one governor argued that weak inflation justified the substantial rate cut, another contended that persistent price pressures warranted a more modest reduction. This internal debate reflects the complex economic landscape facing policymakers.
As traders brace for potential rate cuts, the US dollar has edged lower against major currencies. This weakening typically boosts the appeal of gold and other precious metals as alternative investments.
Silver, often considered gold’s more volatile cousin, has also seen gains. Silver prices rose to 30.87 dollars per troy ounce on Tuesday, up 0.56% from Monday’s close. The Gold/Silver ratio, which indicates the relative value of the two metals, decreased slightly to 85.15, suggesting a marginal outperformance of silver compared to gold.
Rule sees the potential for silver to rise significantly if general investors enter the market. However, he cautions against expectations of a short-term surge in silver prices. The precious metal has lagged behind gold in recent years, partly due to substantial gold purchases by central banks.
The 2008 financial crisis, often compared to the Great Depression of 1929, marked a pivotal moment in recent economic history. While the official start of the recession dates back to late 2007, its full impact wasn’t felt until the autumn of 2008, when much of the global banking and financial system faced severe distress.
During the turbulent period, gold emerged as a top performer, recovering quickly due to its unique attributes: intrinsic value and independence from other entities’ liabilities. This makes gold particularly attractive in times of economic fear and uncertainty. The performance of precious metals leading up to and during the crisis was remarkable. In 2007, as the seeds of the recession were being sown, gold prices averaged nearly 700 dollars per troy ounce, representing an impressive annualized gain of over 30%. This surge was part of a broader bull run for gold in 2001.
The momentum continued into 2008, with gold prices reaching unprecedented heights. In the first quarter of that year, gold broke the psychologically significant 1,000 dollars per ounce mark for the first time in history, setting new nominal all-time highs. Rule further notes that the government’s response to the 2008 crash inadvertently bolstered gold’s appeal.
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7 Comments
As global yield curves uninvert, faith in paper assets crumbles, driving gold and silver to soar in value. Gold is entering a parabolic rise as investors seek true wealth.
If go will make you a millionaire then a loaf of bread will cost $1000
At some point we will have to pay for goods and services with “real” money that has intrinsic value.
Buy some gold to ride on the coming gold's parabolic rise !
Always a pleasure to listen to Mr. Rick Rule, does an in depth research.
I’ve got 6 1oz coins hoping to get another 4 by end kf year will 10 coins be enough for a safety fund for future or will I need more ?
Agree. Very likely we r headed for a decade long bear market in all western assets. It will be a period of geopolitical n currency changes. Within US this is the chance to do the long-needed economic n social n government reforms. If we succeed, US will be on a long-term sustainable growth path in a decade. But we must take the pain 1st n do the adjustments. From investing pov, sell all US, european equities n bonds. Go long Gold and Crypto. Go long emerging market trade…….. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.