The Odds Just Went Up EXPONENTIALLY! Gold & Silver Prices Will Get Crazy High in 2024 - RICK RULE

Legendary investor, speculator, and founder of Sprott Global Resource Investments, Rick Rule, sees the demand for precious metals quadrupling in 2024. Rick believes there is a high chance that gold and silver prices will get significantly higher this year, buoyed by increasingly gloomy and devastating macro conditions in the United States and other economies worldwide. A quadrupling of demand will, of course, have an instantaneous impact on prices, which is why Rick’s prediction for gold is that the precious metal will hit a new all-time high of 7000 to 8000 dollars later this year. Though Rick clarifies that his prediction is not cast in stone, he adds that the probability is very high, especially because of how badly the world’s economies are being managed.

In one of his latest interviews, Rick explained that he is not as impressed as other gold bugs about the metal’s latest price movements. Despite being at all-time highs, gold is still below Rick’s expectations. During that interview, the legendary investor explained that prices are still so low because of dwindling demand. While central banks have been accumulating gold at the fastest pace in over 100 years, other investors, especially retail investors, are showing less interest in the precious metal. But what happens if the economy slips into a recession or the banking sector experiences another crisis that, if experts are right, will be multiple times more damaging than last year’s regional banking crisis?

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Credit: WTFinance
Gold & Commodities to Continue Higher? with Rick Rule
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