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In my opinion, the best thing to do is to hold precious metals. Gold, silver, platinum. But, uh, I don't know what will grow the most. Judging by the charts, I believe silver will outperform gold in the next few years, and platinum will outperform both gold and silver. By the way, if you measure everything relative to gold, oil is very cheap.
Very cheap. And agricultural commodities—wheat, corn, soybeans—are very cheap compared to gold and silver. So, uh, to answer your question, I guess silver could outperform gold. The global financial system faces a dangerous combination of record debts, huge government deficits, and monetary policies that are becoming increasingly difficult to deploy.
Western governments continue to borrow and spend in extraordinary amounts , while central banks are under pressure to keep financial markets functioning. But, according to experienced Swiss economist and investor Marc Faber, this strategy cannot last forever . The publisher of the Gloom, Boom, and Doom Report, Mark Faber, has long warned that instead of addressing the root causes of excessive debt, governments are actually using money supply growth to postpone the consequences.
Additionally, Faber said, investors should look beyond nominal asset price growth. As fiat currencies continue to depreciate, traditional investments could lose a significant portion of their purchasing power compared to gold and other real asset fresh analysis of the gold and silver markets. We would like to hear your predictions.
Leave comments below. If you look at debt levels and economic growth rates, and specifically at public debt and budget deficits— how much Western governments spend compared to their tax revenues—those are budget deficits. It seems to me that it is impossible to stop the printing press. Western governments will have to print money.
Otherwise, the system will collapse. It will still fall apart sooner or later, but the government is elected for a certain term, so they want to hold out for this time and postpone the problems. They are not very keen to solve the problem. They just want to postpone it. And in fact, they often want to leave the next administration with even bigger problems.
So, in my opinion, the situation doesn't look very favorable. But it is quite possible that thanks to money printing, stocks and residential real estate, by the way, will remain at a high level or even increase. But they can continue to fall relative to the price of gold, which I consider a relatively stable currency because no central bank can manipulate the price of gold.
They can...I need to rephrase that. They can manipulate it in the very short term, but not in the long term. Central banks have never controlled markets, but they have had an impact on markets and on economic activity. Although now they could lose, could lose a lot of control, because if they print money, they can raise stock prices , but they can raise precious metals prices more than stocks; and therefore, in real terms, in gold-adjusted terms, the prices of assets like stocks will fall.
And the other thing is that they can print money and hope to lower interest rates. Now they may be able to lower short-term rates. Let's say they can lower the federal funds rate. But as a bondholder, I don't want them to lower short-term rates. I want them to implement a tight monetary policy. As a bondholder, nothing would please me more than a recession.
If you understand. I actually own bonds because I believe we are already in a recession. But the government publishes statistics. And that's why the statistics don't show a recession. Yes, they have such power in nominal terms, but it is limited. Listen, they printed money in huge volumes , especially after COVID.
But they've printed them before, throughout the 20th century, they've printed money and expanded their balance sheet. But, especially after COVID, if you look at commercial real estate prices around the world, especially in Western countries, I saw a table where the value of many properties in America fell by 80% from the peak of 2017-2018.
So, we had money printing, and yet the asset class fell sharply in value. And that's what can happen with printing money, because it doesn't raise everything evenly. It lifts that asset, say, California real estate , and then maybe East Coast real estate, and maybe stocks, but not every stock over the last few years.
"The Magnificent Seven." Yes. And the same with semiconductors, but many other stocks—no. Shares of gold mining companies were falling until 18 months ago. And starting 18 months ago, they started to grow. So price movements are very irregular. And quite recently, and this is a problem that Mr. Trump certainly does not understand exactly.
Recently, as you know, prices for products and goods in department stores and supermarkets have increased . And they have grown more than people's wages. And the cost of insurance premiums has increased more than people's salaries. So, in real terms, people's incomes have decreased, and the affordability of life has decreased.
Just now , 10 minutes ago, there was an article on Bloomberg about a couple who moved to New York and are living with another couple in a 500- square-foot apartment because they can't afford to rent on their own. Living with another couple in a 500 square foot apartment creates a whole host of other problems: how to get along, etc.
But do you understand? You can print money, but then the affordability of life becomes even worse. But I agree with you. Trump's friends are rich people. I can assure you, some of them called him and said, "Are you crazy , getting involved in a war in the Middle East? Our stock portfolio is down 10%." The economy does not respond equally to monetary expansion.
Large amounts of money injected by central banks into the financial system often support financial markets and certain asset classes before helping ordinary families. While other sectors of the economy may suffer greatly, some speculative projects may take off rapidly. For example, commercial real estate in major Western cities has fallen significantly from its peak.
At the same time, the cost of living continues to rise much faster than the earnings of many workers . As a result, the middle class is under increasing pressure. To pay monthly bills, families are forced to make tough financial decisions, cut expenses and move into smaller home mean, the war could theoretically end tomorrow if people got smarter , decided to cease fire, sat down and said, "Okay, we agree not to attack each other." And so on.
But that's unlikely to happen because the Iranians aren't very interested in peace under current conditions. And they will not give up their weapons and weapons programs when they see that they may be attacked . So this is actually an incentive. You see, the Americans, in my opinion, made two big mistakes.
They froze the assets of countries like Russia. What is the result? The whole world says, “Okay, US dollars are not safe assets for us. So we buy gold ." So, central banks are increasing their gold reserves. They still hold dollar reserves, but their share of total reserves is barely growing. In fact, they reduce it.
And the second mistake is when America removes Maduro, etc. Then countries scratch their heads and say, "Oh, we'd better have defensive weapons that we can use if we're attacked." The Iranians , of course, know that Israel has nuclear weapons. And they want nuclear weapons too, and one day the Saudis, the Turks, and everyone else will want them.
As you know, for the last 40 years I've been telling people that you have to be your own central bank, because you can't trust our central banks, which print paper money and are actually responsible for reducing the purchasing power of paper money. I mean, the purchasing power of money has fallen everywhere.
And money is still a useful unit of account, but it is a poor store of value. So, to counteract the loss of purchasing power of paper money, in my opinion, it is best to hold precious metals. Gold, silver, platinum. But I don't know what will grow the most. Judging by the charts, I believe silver will outperform gold in the next few years, and platinum will outperform both gold and silver.
And, by the way, if you measure everything relative to gold, oil is very cheap. Very cheap. And agricultural commodities—wheat, corn, soybeans—are very cheap compared to gold and silver. So, to answer your question, maybe silver will outperform gold, but you would need a very large safe to store the silver in.
And I love having physical assets. I also own shares. I have shares in silver mines, etc. But we must distinguish between paper assets, i.e. stocks, and physical ones. And as a diversification of my portfolio of various assets, which includes real estate, cash and bonds, stocks and precious metals. I hold silver, but of course I have more gold in physical form.
I think most people have very little cash. Because many observers and advisors called cash "trash." And because of the loss of purchasing power of money, very few people have much cash. And it has low profitability. Do you understand? The investor seems to be set on receiving 10-12% annual profit. And cash doesn't give you that, but I personally think it's worth having some cash.
Yes, except for one moment. In my grandparents' time, I wouldn't have felt comfortable keeping cash in the bank. It was the safest way to manage your savings . I don't believe in that anymore . I think it's risky to keep cash in the banking system because the banks are probably pretty shaky. Of course, you can keep cash with an insurance company, but the insurance industry is also very unreliable.
So, ultimately, if you look at the last 100 years, let's say, take big companies in Germany in 1900, they went through World War I, hyperinflation, World War II. And they still exist. This is an amazing thing. I mean, of course, during the war they could stop paying dividends and stuff . But large groups still exist, and I think owning a portfolio of quality companies is probably not the worst idea.
According to Marc Faber , current geopolitical tensions could have a significant impact on the global financial system, especially if countries begin to distrust the US dollar and the Western banking system. He believes that blocking the assets of countries like Russia has sent a powerful signal to governments around the world.
Dollar reserves held in foreign financial institutions may not always be completely safe. As a result, central banks are holding their dollar assets while increasing their gold reserves and reducing the share of US currency in their reserves. According to Faber, this is part of a broader movement to protect wealth outside the traditional banking system.
He has warned investors for decades that while paper money can be used to gauge prices, its purchasing power is constantly eroding due to inflation, making it an unreliable means of storing wealth in the long term. For this reason, he advises buying real precious metals, especially platinum, silver, and gold.
Faber says he can't guarantee which metal will perform best, but judging by the charts, he believes silver could outperform gold in the coming years. Whereas platinum can outperform both. He also notes that numerous commodities look historically cheap compared to gold, including oil. For Faber, this highlights the need for investors to consider a diversified portfolio of real assets, not just stocks and bonds. . Mhm.
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