If history repeats itself, the rapid expansion of the balance sheets of central banks will lead to massive inflation of asset and consumer prices, and investors will be rushing to precious metals for protection, said Florian Grummes, managing director of Midas Touch Consulting.
“In the Weimar Republic, hyperinflation set in two years after the start of this balance sheet expansions, so this is the process and it takes time,” Grummes told Kitco News.
Precious Metals Summit 2020The 10th Annual Beaver Creek Summit (Virtual) will take place for three days, starting Tuesday September 15, 2020 and concluding Thursday, September 17, 2020.
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