I have merged the gold and silver threads into one. Gold has risen TEN TIMES from where I bought most, it has taken a long time.
It is now very quickly going to rise another TEN TIMES. It is going to be the greatest wealth transfer in history and most people will be wiped out who are invested in stocks, bonds and even real estate. Real estate is collapsing here from rising rates and even worse, tenants will not [ay their rent.
Silver will at least double gold's rise and it is headed to at least $600 an ounce.
Rising interest rates means the system is doomed. It is heading now to 5% and soon the interest on just the federal debt will be two trillion.
It is game over.
Won't happen Dec. Grandpa Fed will step in to keep Fiat king and ensure the money supply is liquid because the game is to keep money spent for productively, not speculatively. Happy you're having a win but the world's not ending anytime soon. Don't ask me how they'll do it. But I can guarantee you they will whether it makes sense, is fair or isn't.
Also higher interest rates don't necessarily correspond to downturn in demand for property and lower pricing. Believe me, I live in a country where the entire wealthy system is built on property, more or less. It depends on a range of market factors. Here in Kangaroo land, Uncle Sam keeps the bubble from bursting through unsustainable immigration. Housing prices have remained elevated here even in the face of successive interest rate hikes. Hell, even this doesn't need to happen. The RBA literally doubled the money supply, sunk it all into bonds of various descriptions and then just dumped them on their balance sheets. Then the banks just took all the new capital and ballooned-out the housing bubble.
Many ways to skin a cat is what I'm saying, I suppose.