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HUGE LIFETIME OPPORTUNITY! Your Silver Stack Is About to Become Very "Priceless" - Gregory Mannarino

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Published on 10 Apr 2024 / In News and Politics

HUGE LIFETIME OPPORTUNITY! Your Silver Stack Is About to Become Very "Priceless" - Gregory Mannarino

The high gold-to-silver price ratio in 2024 suggests that silver is historically undervalued compared to gold. A reversion to the mean could lead to significant silver price appreciation. The outlook for 2024 indicates that silver may offer substantial growth potential, driven by a confluence of factors ranging from industrial demand to increasing investor interest. The growing perception of silver as an undervalued asset relative to gold could pivot more attention to the 'white metal,' offering tantalizing prospects for investors positioned to capitalize on its ascent.
Gregory Mannarino, known as the "Robin Hood of Wall Street," discusses the imminent market meltdown, the undervaluation of silver, the looming debt crisis, and the growing need for individuals to become their central banks. He emphasizes critical indicators like the gold-silver and Dow gold ratios, foreseeing a potential 15 to-1 ratio with gold-silver and a one-to-one ratio with gold. The Dow to Gold ratio currently sits at around 17, which means it would take 17 ounces of gold to buy shares in all Dow Jones Industrial Average stocks. Though it is unfavorable for gold now, the ratio shows the value of gold during economic downturns. Concurrently, Mannarino anticipates a situation where the Dow might settle around 10,000 points because of market distortions, resulting in a reassessment of precious metals such as gold and silver.
From Gregory's viewpoint, there is a troubling trend as central banks perpetuate inflation through extensive debt issuance, priming the system for a catastrophic collapse. Inflation in coming years may sometimes surge above the 2% target set by the Federal Reserve and other central banks as falling world trade and rising government debt drive up price pressures, economists said in a paper by the Brookings Institution.
During the interview, Gregory Mannarino criticizes mainstream media outlets like CNBC, Bloomberg, and Fox for propagating a narrative of economic prosperity while ignoring the underlying issues. He argues that the fiat system, which replaced commodity-backed currencies, was a deliberate move to solidify control over global finances, resulting in widespread debt enslavement. Furthermore, fiat currencies are proven to be riskier than those linked to gold. Today's Federal Reserve note is printed endlessly and spent haphazardly, unshackled from restraint. Consequently, the national debt is growing at 1 trillion dollars every 100 days.
Throughout history, only 177 out of around 800 currencies have survived. Failed paper currencies lasted an average of 17 years, often succumbing to hyperinflation or political decisions. This resulted in significant losses for currency holders. Regarding investments, Mannarino recommends betting against debt and acquiring tangible assets like silver, which he views as undervalued. He advises individuals to emulate central banks by holding units of wealth rather than debt, thereby becoming their own "central banks."

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