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Huge News! Japan's LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Peter Schiff Renowned American stockbroker Peter Schiff highlights that Japan's recent monetary policy decisions have effectively “saved the day“ by surrendering on rate hikes. Despite this, Schiff is amazed that gold hasn't surged, noting that this is a highly bullish environment for gold and mining stocks. He believes inflation will escalate as the economy enters a recession, officially this time. Gold prices hit a 10-day high on Monday. In 2024, gold prices have soared to record highs amid optimism about US interest-rate cuts. Geopolitical tensions have fueled safe-haven demand. Spot gold reached 2, dollars per ounce on Monday, down from mid-July's 2024 highs but the highest since August 2. Technically speaking, Schiff mentions mining stocks are undervalued, predicting returns that could exceed five to ten times the investment. Barrick Gold gave a strong outlook on Monday after stomping past second-quarter earnings estimates, and its stock jumped. Major gold ETFs recovered buy points as stocks wobbled and gold prices firmed up ahead of key inflation data. Based on current trends, analysts, including Peter Schiff, believe that the Fed's upcoming rate cuts and QE will create a prime opportunity for gold to surge despite its lackluster performance. He urges investors to prepare for a bullish market. ING projects a 50-basis-point cut in September, followed by a series of 25-basis-point decreases. By next summer, the Fed funds rate could settle around 3.5%. This dovish monetary policy approach is likely to drive investors towards gold as a hedge against lower borrowing costs and potential inflation. During the interview, Peter Schiff underscored the interconnectedness of global financial markets, using Japan's recent monetary policy decisions as a cautionary example for the US. He argues that years of artificially low interest rates have created unsustainable debt bubbles in Japan, the US, and Europe, making it impossible to normalize rates without triggering market instability. Ultimately, Schiff predicts that the Federal Reserve, like the Bank of Japan, will be forced to abandon rate hikes to avoid a market crash. In a statement to local leaders in Hakodate, BoJ deputy governor Shinichi Uchida said the central bank 'needs to maintain monetary easing with the current policy interest rate for the time being.' In March, Japanese interest rates rose for the first time in 17 years, increasing from -0.1% to 0.1%. This was followed by a second increase on July 31, when the BoJ board voted to implement a 15 basis point hike, bringing rates to %. Meanwhile, most US economists expect only a quarter-point decrease in interest rates in September. This prediction contrasts with calls from some major Wall Street banks for a more substantial cut at the next meeting. Despite mounting inflation pressures, Schiff warned that central banks will soon face a tough choice between allowing hyperinflation or sharply raising rates, both with severe consequences. Follow on X: “Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips“ We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #peterschiff
