The Federal Reserve is battling the strongest inflation environment since the 1980s, and pressure is mounting for the FOMC to begin not only reducing asset purchases but raising interest rates. Meanwhile, an expert commented on gold, the metaverse and Bitcoin.
Comments on gold and latest developments from an expert
Gerald Celente, publisher of The Trends Journal, said disaster would hit global financial markets if an “artificially low” interest rate policy were to end. Celene, “[Fed] “When it starts raising interest rates seriously, this thing will go down hard,” he said. “I believe that sooner or later, at the beginning of the year, in January, February [oranları artıracaklar] And they’re going to do it step by step, they’re going to screw up the markets. “I believe we will spend most of 2022 in moderately good condition,” he said.
Celente noted that economic growth will also begin to slow down significantly and enter a period of “dragflation”, a term he uses to describe a situation even worse than stagflation. Celente used the following statements:
All the countless trillions of dollars they’ve injected into the economy to artificially boost it is what pushes inflation up. Dragflation… it will not be a stagnant economy or stagflation, the economy is falling as inflation continues to rise.
Regarding precious metals, Celente said that capital flows that should have gone to metals this year are diverted to cryptocurrencies, but both gold and silver prices look attractive at current levels. Celente added that cryptocurrencies will continue to climb higher in the short term, but downside risks will remain, especially if Bitcoin tests the lower $25,000 limit. About the most important trends to watch for 2022, Celente said that one of the most important technological innovations to watch is the metaverse. Some of the industries that will benefit from the growing metaverse trend are healthcare, education and communications, he said.
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