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.
