The prices of precious metals are going to surge in the back half of the year...
Craig Hemke interviewed on USA Watchdog by Greg Hunter
Financial writer, market analyst and precious metals expert Craig Hemke predicted last year (about this time) that silver was headed way up. It was up more than 45% for 2020 and was one of the best performing assets of the year. Now, Hemke is predicting "another 45% rise for silver" and a nice ride up for gold, too. Hemke explains, "Look at all of the commodities here. Lumber is up five times. Iron ore is at new all-time highs. Soybeans are at new multi-decade highs. Corn, which goes into everything . . . and all these commodities are taking off, which is, in large part, a dollar debasement story. . . . The idea that 'inflation is transitory' is bogus. . . . We just got news that McDonald's and Amazon are raising their minimum wage to attract workers. That's just more dollars being pushed out. You have more dollars pushed out chasing a finite or decreasing amount of goods because of the supply chain problems around the world. This is a double edged sword and why inflation is not 'transitory.' This is why rates are going to stay higher, and that's why these negative real rates are going to get even deeper. The markets are going to figure this out, and the prices of precious metals are going to surge in the back half of the year-again."