Video News/In Focus with Jeremy Szafron
Strategist: Central banks will let inflation run high, erasing 50% of cash value
A bombshell report just erased nearly a million jobs from the U.S. economy, while the government of a core European nation has collapsed. According to strategist Philippe Gijsels, these are not isolated events; they are symptoms of a global 'Fourth Turning' that will reshape our economy for the next decade. In this exclusive interview, Kitco News Anchor Jeremy Szafron sits down with Philippe Gijsels, the Chief Strategy Officer at BNP Paribas Fortis and co-author of the book, 'The New World Economy in Five Trends.' A year after he accurately forecast this new era of stagflation on our program, he returns to reveal his unscripted playbook for what comes next. In this interview, Jeremy and Philippe deconstruct: -The true state of the U.S. economy after the record 911,000 jobs revision. -The endgame for Europe's debt crisis following the collapse of the French government. -Why central banks will be forced to let inflation run high, erasing the value of cash savings. -His controversial price targets for gold and silver, including a specific 3-6 month timeline. -A deep dive into the mining sector and the massive Anglo-American/Teck merger. -The debate between holding physical gold, ETFs, or mining stocks. -The one asymmetric "grand slam" investment he believes has the most potential for the next decade.
Guests: Philippe Gijsels
Source: Kitco News
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