100% GUARANTEED! Gold & Silver are About to Make the BIGGEST BREAKOUT in Decades - Robert Kientz
As investors and institutions grapple with the mounting national debt and a weakening US dollar, an increasing number of experts, including Roberts Kientz, assert that the tide is turning in favor of precious metals like gold and silver. According to the Congressional Budget Office, as the fiscal deficit is projected to balloon to 2.6 trillion dollars by 2034 and add nearly 19 trillion dollars to the national debt over the next decade, the integrity of the US dollar is at stake, potentially prompting a mass exodus of capital from conventional markets into the precious metals market.
According to Kientz, historical trends indicate that gold often leads in such market transitions. Still, silver is anticipated to follow suit and eventually surpass gold's performance, particularly when confidence in the dollar and other assets plummets. A prime example of this dynamic occurred in 1974 when silver, after a period of lagging behind gold, experienced a staggering rally of 125%, marking the end of the initial phase of the great bull market of the 1970s.
Kientz underscores the broader global context, noting that the US dollar has seen its lowest level of global reserves since the abandonment of the gold standard in 1971. This shift away from the gold standard, initiated by President Richard Nixon, has left the dollar reliant solely on the faith and credit of the US government. Furthermore, since 1971, there have been growing calls for the demise of the US dollar as the world's reserve currency.
The precious metals market has recently witnessed significant bullish activity, with gold leading the charge in what appears to be the next phase of its long-running bull market that commenced in the early 2000s. Silver took slightly longer to catch up, but it eventually surged to over 16.20 dollars per ounce during the week of July 15, marking a significant milestone in its resurgence.
Roberts Kientz sees a renewed interest in precious metals due to the declining value of fiat currencies, making gold an appealing store of value. As central banks increase gold reserves, their role as a hedge against economic uncertainty is further solidified. Gold usually rises first, given its history of being taken out of circulation before silver. As both metals climb, Kientz expects the gold-silver ratio to shrink, with silver potentially outperforming.
Currently, the gold/silver ratio stands above 90.50, indicating that silver may be undervalued relative to gold, which could be an attractive opportunity for both long-term and shorter-term investors. Additionally, the anticipated Federal Reserve rate cuts in the latter part of 2024 may further drive silver prices, given the historical inverse relationship between precious metals and interest rates.
Follow on X: [ Ссылка ]
"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #robertkientz
