800% Increase in Silver Demand! Gold & Silver About To Become Priceless!

Renowned economist and investment expert Jim Rickards has consistently maintained that gold is an essential hedge against economic volatility. Rickards, who was well-known for making audacious predictions, first predicted that gold could rise to an incredible fifteen thousand dollars an ounce. He recently changed this goal to about twenty-three thousand dollars per ounce, though, after improving his analysis. His thorough analysis of the 17.9 trillion dollars U.S. M1 money supply and the historical gold backing ratio of 40%—a level maintained by the U.S. Federal Reserve from 1913 to 1946.

Rickards points out an obvious difference between the expanding money supply and the limited gold reserves, stating that the price of gold would have to rise sharply in order for the current money supply to be guaranteed by it at this historical ratio. Rickards contends that in order to rebuild trust in the dollar, the US may eventually need to reevaluate a gold-backed monetary system given the country's record-high levels of public debt and the continuous threat of inflation.

Gold has proven to be a safe haven asset during past economic crises, such as the 2008 financial meltdown, when prices surged as investors sought stability amid widespread market turbulence. Gold's value may soar as the need for a trustworthy wealth vault grows..