GoldSeek Radio Nugget -- Marc Faber: $1 Quadrillion in notional value of financial weapons of mass destruction..

Dr. Marc Faber, editor of the Gloom, Boom, Doom Report, notes a decade of policies holding rates artificially low has backfired, sending the cost of living soaring annually by 8% - eroding purchasing power.
Certain US equities could rebound in 2023, returning to the mean following the sluggish 2022, but share are not yet, "inexpensive."
Precious metals remain the safe-haven of choice - Dr. Faber is a 40 year holder of Gold.
Gold and silver will maintain their purchasing power.
Given the propensity for monetary profligacy, the precious metals remain the ideal panacea - yet speculation is not advisable.
Precious metals equities are solid investments; bullion offers the greatest relative safety.
Interest rates will continue to move higher.
$1 Quadrillion in notional value of financial weapons of mass destruction threaten the economic hegemony.
In 2008 the derivatives implosion was diverted - the risk is now immensely higher, resulting with continued monetary expansion - a plus for the PMs sector.
Supply chain disruptions will persist, as producers hold back supply in anticipation of higher retail prices.
Price-controls will back-fire, resulting with increased supply issues and related disruptions.
Viewers are encouraged to bookmark Dr. Faber's must-read report: Gloom Boom Doom by Marc Faber