$5,000 Gold & $100 Silver Coming Soon, Here’s Why
Don Durret of Goldstockdata.com discusses how gold's value is significantly driven by the 'fear trade', where people invest in gold during times of economic uncertainty and fear. It cites historical periods, like 1971-1980 and 2001-2011, where economic turbulence led to significant increases in gold prices. The speaker predicts a forthcoming major uncertainty/fear trade due to potential failures within the U.S. bond market, which could elevate gold's value remarkably. They believe that the U.S.'s debt bubble will eventually burst, leading to hyperinflation and a tremendous shift of assets towards gold. The script also touches on gold and silver stocks' behaviors during market crashes, emphasizing that while gold stocks can initially drop, they may quickly recover due to gold outperforming other investments, focusing on the importance of margins for gold and silver stocks.