We are going to have a perfect combination for the future expected boom in gold & commodities as Neils Christensen wrote elsewhere DYOR:"It doesn't matter who is elected; the U.S. government is going to spend a lot more money to support the economy," said Andrew Hecht, partner at Bubbatrading.com, in a telephone interview with Kit&co News.
Hecht added that with all the money central banks and governments have pumped into the economy and the expectation that more will come, inflation is projected to run rampant.
"So far, the U.S. government has spent $3 trillion to support economic growth and that is going to lead to significant inflation," Hecht said. "The trend in inflation is beyond politics right now, and it is going to be unstoppable."
Although Hecht sees strong potential for gold and silver in the coming years, he added that all commodities are going to benefit.
"Now is the time to have exposure to broad commodities," he said. "This is just the start of a super bull cycle for everything from base metals to agriculture."
Investors wanting a roadmap to the impending commodity price explosion, Hetch said that they only need to look at the last financial crisis. In 2008 the Federal Reserve introduced quantitative easing to help provide support for the economy that was devastated by the Great Financial Crisis.
Hecht said that from 2008 to 2011, as markets digested historic stimulus measures, copper prices hit an all-time high, pushing above $4.50 a pound. Meanwhile, gold prices pushed to an all-time high above $1,900, silver prices went to nearly $50 an ounce. In the grain markets, corn prices hit all-time highs in 2012.
"2008 was the fantastic start for a three-year commodity rally," said Hecht. "The money that the government is spending has dwarfed what happened after the financial crisis. I think 2021 is going to be a great year for base metals and grains."
and:
https://www.marketwatch.com/story/the-next-bear-market-will-be-the-worst-in-at-least-78-years-warns-co-founder-of-george-soross-legendary-quantum-fund-11604259054?mod=home-page
