Silver $37/ounce Could Be Imminent
Rate cuts are coming. After hearing from every suited-up Fed governor say that inflation is too high, that it’s sticky and that they need to see more, I can tell you what they’re seeing and NOT telling Wall Street, because they know it’s full of greedy little bankers, with trigger-ready fingers.
The Federal Reserve now realizes that keeping interest rates high, as they are right now, is actually prolonging inflation and making it worse.
The economy is largely comprised of three sectors: goods, services and housing.
At first, when Covid (you remember that was a thing?) restrictions were lifted, manufacturing had problems keeping up with the demand… when you’re home all day, no one is serving and households consumed mostly goods (stuff, products) throughout the pandemic, but now it’s gone the other way and Americans want experiences and to enjoy adventures (services).
Goods inflation is back down, but services inflation is ridiculous.
For example, a basketball and Nike shoes basically cost the same as a decade ago, but I just purchased tickets to a game and the price has tripled in the last decade, if not more.
How much did Americans pay for a Taylor Swift concert in the past year, when they can hear and see her for next-to-nothing on their devices?
Because of high interest rates, people are not buying homes and concentrating all of their purchases into services, so by cutting interest rates, the FED will actually reduce services inflation, see money flow into housing and increase GDP and help the banking sector to heal.
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Gold is trading at all-time highs and silver is trading at 12-year highs, yet the dollar is still above 103 on the DXY index, which means the upside potential for metals is still enormous.
What I expect is that the Federal Reserve will begin to lay the groundwork for rate cuts, effective in September, and that the dollar index will fall by 4%-5%.
This will take gold to $2,600 and then to $3,000 in less than 12 months. I expect silver to hit $37 this year and $42 in the first half of 2025.
If you keep patient for just a couple more days, I’ll show which gold stock is my absolute favorite in the next 24 months for potential ginormous returns.
Best Regards,
Lior Gantz
President, WealthResearchGroup.com
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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