Hello Atef, I am a regular customer of yours - Gina is the best - I believe you missed with your interest rate comment. Negative interest rates are the difference between current interest rates and current Inflation. Real interest rates need to be at 7-9% today at a minimum to affect gold and we will never see this until the system breaks down. At todays .25% interest rate and todays 7-9% " supposed " inflation, REAL interest rates need to be 6.75 to 9.00% to maintain your Fiat Money value. That being said, we all know that the actual inflation is closer to 12-15% so gold retains value of peoples assets and people should buy more gold/silver at these prices. This also does not take into account the continual printing of " Fiat " by our Government which should also be making Gold/silver more valuable. The paper manipulation thru the Comex, BIS, Commercial banks, etc suppress the value of gold/silver intentionally because they are trying to protect the " dollar "..... I could go on but I'm sure you get my point.
“Hi Mark, thank you for taking the time to listen to the interview. Yes I agree with you that with real inflation numbers, we still have a long way to go. I appreciate you providing us with your insights and view. I look forward to more comments from you.” by Atef Salama
Hello Atef, I am a regular customer of yours - Gina is the best - I believe you missed with your interest rate comment. Negative interest rates are the difference between current interest rates and current Inflation. Real interest rates need to be at 7-9% today at a minimum to affect gold and we will never see this until the system breaks down. At todays .25% interest rate and todays 7-9% " supposed " inflation, REAL interest rates need to be 6.75 to 9.00% to maintain your Fiat Money value. That being said, we all know that the actual inflation is closer to 12-15% so gold retains value of peoples assets and people should buy more gold/silver at these prices. This also does not take into account the continual printing of " Fiat " by our Government which should also be making Gold/silver more valuable. The paper manipulation thru the Comex, BIS, Commercial banks, etc suppress the value of gold/silver intentionally because they are trying to protect the " dollar "..... I could go on but I'm sure you get my point.
“Hi Mark, thank you for taking the time to listen to the interview.
Yes I agree with you that with real inflation numbers, we still have a long way to go. I appreciate you providing us with your insights and view. I look forward to more comments from you.”
by Atef Salama