Gold is Going to Shock People: Are You Ready? | The Gold Spot

Gold prices have burst through over half a dozen record-highs over the past few months alone. While some investors worry this momentum will be short-lived, all economic indicators point to further growth in the value of gold.

Right now, we're entering a period known as a commodity supercycle. During these long phases of high inflation, the value of commodities such as precious metals, oil, wheat, and even cocoa rise exponentially. This rise is caused by the devaluation of currency and the tendency for people to seek out safe-haven assets during periods of economic instability.

At the same time, a number of incoming tailwinds will further bolster the movement of gold to the upside. The rise of escalating global conflicts, the incoming interest rate cuts, and the staggering national debt all spell doom for the economy and boom for gold.

Experienced investors are noticing alarming similarities between today’s economic climate and the hyperinflation of the 1970s and 80s. The towering debt problem is the primary difference that is preventing the Fed from cranking up interest rates in an attempt to lower inflation.

In both scenarios, gold demand has shown no signs of slowing down as people pour their wealth into precious metals to protect against a failing currency. In the past, this dire economic layout propelled gold prices by 1,500%.

Watch this week’s The Gold Spot to hear Precious Metals Advisor Joe Elkjer and Precious Metals Advisor Damian White explain the background of gold’s meteoric rise and why it could continue growing for nearly a decade.

READ MORE HERE: https://www.sbcgold.com/blog/why-were-only-in-the-early-innings-of-a-massive-gold-rally/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_04172024

⭐ RELATED LINKS:

📈 Gold Price Forecasts 2024: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_04172024

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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Joe Elkjer: https://www.sbcgold.com/about/joe-elkjer/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_04172024

👤 Damian White: https://www.sbcgold.com/about/damian-white/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_04172024