The TSUNAMI HAS BEGUN! Gold & Silver Prices Will Get Much Higher In 2024 - Rick Rule

Gold rates have surged unprecedentedly at $2,374 per ounce, marking new records over the past seven trading sessions. This remarkable surge in gold prices is underpinned by several positive factors, injecting optimism into the investor community. Year-on-year, gold prices have surged by an impressive 16.5%, primarily driven by investor anticipation of a potential interest rate cut by the Federal Reserve. This anticipation has significantly boosted demand for the precious metal as investors seek a hedge against economic uncertainty.

Rick Rule, founder of Rule Investment Media, points out that the recent upswing in gold prices wasn't driven by retail investors worrying about their purchasing power but rather by geopolitical maneuvers, particularly by the US government. He highlights actions such as seizing Russian-held US Treasury securities and weaponizing the Swift banking system as key factors driving other countries to seek alternative stores of value, with gold emerging as a natural choice.

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Credit: Wealthion
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