The Fed shifted its focus away from inflation
Diupdate
There are many other credit products on the market that now have higher interest rates than before. All of this shows that the strength of the economy is declining. Even a little stress in the labor market can cause serious problems.
The Fed still has a chance to avoid a recession, which is why gold has so much potential.
There are a lot of risks and the Fed is running a little late, but they're not irreparable," he said. "This is why a rate cut in September is almost certain. Because the Fed is lagging behind, they will have to take stronger and quicker measures to keep up with the situation
Looking at the last three interest rate cycles, gold rose 57% in 2000, but silver rose 65%. Similarly, in 2006, gold increased by 235% while silver increased by 318%. And most recently, at the end of 2018, gold increased by 69% while silver increased by 101%. Silver is more volatile than gold
The Fed still has a chance to avoid a recession, which is why gold has so much potential.
There are a lot of risks and the Fed is running a little late, but they're not irreparable," he said. "This is why a rate cut in September is almost certain. Because the Fed is lagging behind, they will have to take stronger and quicker measures to keep up with the situation
Looking at the last three interest rate cycles, gold rose 57% in 2000, but silver rose 65%. Similarly, in 2006, gold increased by 235% while silver increased by 318%. And most recently, at the end of 2018, gold increased by 69% while silver increased by 101%. Silver is more volatile than gold
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