World Bank Says Economic HELL Will Last 8 YEARS!

1 year ago
90
#inflation #economichell

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According to the World Bank, we are entering the 1970's and with this comes massive inflation and uncertainty. They stated that throughout the 2020's we will see massive inflation and uncertainty. They stated that the economy will be contracting and we will essentially be entering economic hell. However during the 1970's one asset held up particularly well and that asset was gold. Many investors who invested their money in gold over the last few years saw very small returns compared to the returns found in many growth stocks and cryptocurrencies however when those assets pulled back, they really crashed, some by as much as 99%. Gold on the other hand held much more stability and has stayed flat when nearly all other assets retreated from their all time highs.

I believe that we could see gold pass $2,000 per troy ounce again in the coming few months and its true value should be somewhere around $10,000 per troy ounce. Many people would disagree with me on this however that price is reflective of how valuable their fiat currency is. The more there is in circulation and the less purchasing power there is, the less relative it is to issue a price target or prediction on gold. I believe that we will see millions or possibly a billion people start investing in things that they can take full custodial ownership of such as gold, silver and bitcoin.

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