Eric King of KingWorldNews has just released a very good interview with Nomi Prins, author of the book, 'Permanent Distortions - How financial markets abandoned the real economy forever'. Her credentials speak for themselves.
Prins once worked as managing director for two years at Goldman Sachs, seven years as senior managing director as Bear Stearns, senior strategist at Lehman Brothers and as an analyst at Chase Manhatten Bank. Her 'insider knowledge' has led her to be a keynote speaker at the Federal Reserve, IMF and World Bank.
Her book, Permanent Distortions discusses the consequences on the unstable economy as the financial markets profit from social and political disorder. In her interview with Eric King, she discusses the rising FED interest rates, of which there have been 6 increases so far this year with another likely on the way next month on December 14. She expects the FED to 'pivot' by raising by 50 basis points instead of 75.
(See what GoldSilver.com's Mike Maloney has to say about the FED's rising interest rates. He believes rates are going much higher.)
What does this mean for hard assets as Eric King asks? Prins believes that as the FED pivots to a lower rate increase in December, it will create momentum for hard assets (hard money) and gold is at the top of the list.
We are already seeing clues of this as central banks around the world have bought some 399 tons of gold in the last quarter, something not seen since the 1960s, just before Nixon decoupled the U.S. dollar from gold. With all this gold buying, one should ask, 'Are central banks preparing to revalue gold?'.
Prins says that in her research, gold and gold miners are a play for the end of the year and into 2023 and to expect silver to have a resurgence.
In case you haven't noticed, lithium is up, coal is up, uranium is up and oil went up this year but the only thing that still hasn't gone up.... is silver. It could very well end up being the 'play of a lifetime'. When you really take a closer look, you'll see that everything's gone up except silver.
It's just too obvious to pass up on now.
To listen in on this great interview, click the link below.
If you're looking for a sound gold miner play, check out K92 Mining of which I am an early investor and is listed on the TSX. The story of how they acquired the project from Barrick Gold is a story in of itself and the great news is, they keep finding more gold!
Subscribe to my blog and hit the 'like' button if you enjoyed this post. Tips are always appreciated.
I earn free Bitcoin Satoshis using CryptoTab Browser. I also use the BAT browser to earn free BAT tokens on my cell phone. Zero investments were made to earn these tokens and the risk is minimal at best. Silver though, is my ultimate back up plan as the S&%t hits the fan. Consider investing in silver and / or gold. Click here for more info and purchase any precious metal at OwnX.
Check out some of my previous posts.
Mike Maloney: Fasten your seatbelts and brace for impact!
This year's 194 MIL ounce silver deficit = higher prices?
My first successful crypto transfer to cold storage.
USAWatchDog's Greg Hunter interview with Jim Rickards.
Trade Genius Academy's Bob Kula: Bitcoin like digital gold.
Dr. Michael Burry tweets 'time for gold'.
Earning crypto without spending a dime.
