Negative Interest Rates BULLISH For Gold

I meet with Florian Grummes regarding the economy and precious metals markets. We discuss the following points:

• Negative interest rates and what the Fed may do;
• Why gold becomes more attractive as interest rates fall;
• Gold’s chart is overbought now but he thinks it will retest $1900;
• We are in the final stage of the fiat money system;
• Velocity of money is down due to COVID;
• COVID’s affects are accelerating gold bull market;
• COVID economy is complicated as lock downs are still in effect;
• Money supply is creeping into system and causing inflation;
• Austrian economist’s description of final expansion of money and credit until crash;
• Hyperinflation is a possibility given the current direction of the central banks;
• Next year he believes gold will break $2000.