HUGE NEWS! Nothing Will Prepare You for What's About to Happen to Gold and Silver - David Morgan
There is no denying that the current macroeconomic backdrop is fuelling a "perfect storm" for gold, cementing expectations that prices are now firmly on track to score fresh all-time record highs. This scenario could become a reality by the end of this month, if not sooner.
The dollar's purchasing power decreased by 2.53% from 2023 to 2024. That's not an anomaly; that's the decades-long trend and reality.
David Morgan, a widely recognized analyst in the precious metals industry, highlights that excessive currency printing historically leads to a return to the gold standard. Concurrently, Morgan notes central banks' ongoing gold accumulation, suggesting gold serves as their backup plan amid reliance on unbacked Modern Monetary Theory (MMT). Even with the six-month pause, the PBOC has purchased over 34 tonnes of gold this year to maintain its crown as the world's single biggest Gold buyer in 2024. However, despite the increase, gold only represents 6% of China's total bullion reserves.
A growing consensus of Wall Street's most powerful institutions believes China is planning to increase its Gold holdings by an estimated 15%, if not 20%, of its total bullion reserves by 2028.
While reflecting on the market, Morgan suggests that gold could serve as a "Plan B" for the Federal Reserve, with CBDCs and cryptocurrency potentially being backed by gold to stabilize the financial system. A gold-backed currency would require large gold reserves to support the money supply and maintain fixed exchange rates. Since the United States has the largest gold currency reserve, the US dollar would be the prime instigator, possibly in a Bretton Woods-style reboot.
Fundamentally, Morgan states Dr. Judy Shelton's idea of tying Treasury bonds to gold to restore monetary discipline. He suggests massive inflations often lead back to gold and believes similar discussions may occur privately within the Federal Reserve.
Regarding silver potential, David Morgan mentions it is in a consolidation phase, driven by market uncertainty due to the upcoming Trump administration's fiscal policies. He expects the market to remain indecisive until there's clarity on policy changes. GOLD and SILVER PRICES fell again in London on Tuesday, trading down to 1-week and 2-week lows, respectively, ahead of tomorrow's Federal Reserve decision on Dollar interest rates as the "blow out" in New York futures prices eased further despite ongoing fears over the impact of Donald Trump imposing blanket trade tariffs on all imports to the US, including bullion bars when he returns to the White House next month.
Although the grey metal continues to respect the trend of higher highs and higher lows, bullish momentum is fading as the spot price approaches the 200-day Simple Moving Average at 29.55 dollars.
In 2025, Morgan predicts a sideways market until more clarity emerges, with possible weakness in shares due to tax loss selling. He expects a lackluster first quarter but anticipates a bounce by March, especially in equities, as investors re-enter after tax selling.
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