The US dollar is predicted to lose significant value, potentially dropping to a fraction of a penny from its original 100 cents value of $100 in 1913, according to financial planner Andrew Sleigh from Sprott Money.
Exponential expansion of the monetary supply through inflation has led to rising prices over the past four years in the US, with more dollars chasing the same goods and services.
Countries like China, Russia, Germany, and Poland are buying massive amounts of gold to back their currencies in preparation for a potential US dollar failure, while the US and Canada show little gold demand.
A digital currency is reportedly scheduled to replace the dollar in 2023, with a potential 10:1 to 100:1 exchange rate initially to encourage rapid adoption.
The US faces unsustainable debt of $100 trillion every 100 days, including unfunded liabilities, potentially leading to default and dollar devaluation.
Gold and silver are experiencing massive global demand, particularly for commercial use, as countries seek to protect their currencies from the potential collapse of the US dollar.
Dr. Marc Faber predicts bond yields of 20-30%+ in the next 10-20 years, considering current yields of 10-20% reasonable.
Faber expects a major devaluation of the US dollar under the next administration, potentially as part of a broader trend of paper currencies declining against gold and silver.
The Chinese government’s major technological advances in recent years have led to increased criticism from Western nations.
Hong Kong’s property market is extremely overvalued, with stocks trading at an 80% discount to asset value, while Thai companies are at 10-year lows.
Asian economies, particularly Thailand and Indonesia, are seen as relatively resilient with lower debt burdens compared to Western countries, offering value in undervalued assets.
Energy stocks have surged due to global chaos and conflicts, reaching a major resistance level with potential for further growth if overseas situations escalate.
The unemployment rate for full-time workers is rising, crossing the 200-day moving average, historically signaling an impending recession.
The stock market is in a stage three topping phase, potentially leading to a significant downturn similar to the 2008 selloff, with expectations to retest COVID lows.
Industrials are hitting new all-time highs, but business owners are unaware of the major cycle high, potentially leading to a quick market break.
The smartest money in the silver business is focusing on Dolly Varden and Silver, expanding high-grade silver deposits in the Golden Triangle region of British Columbia.
Cut through the clutter and mainstream media noise. Get free, concise dispatches on vital news, videos and opinions. Delivered to Your email inbox daily. You’ll never miss a critical story, guaranteed.