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Realistic Precious Metals Predictions for 2021 and Beyond

January 05, 2021974 view(s)

In the days of the Roman Empire, all roads led to Rome. Gold and silver were used as currency and helped to position Ancient Rome as the world’s leader. Rome was very similar to the United States, in terms of its power, influence and great innovations spreading throughout the globe. The great civilization of the Roman Empire came to an end slowly through political infighting and financial trouble.

Soon, the United States may end up in a much more precarious situation than its Roman predecessor. Can it get any worse than the year 2020? For 55% of Americans, 2020 has been the worst year of their lives. Whether it be lockdowns limiting travel, loss of work, loss of opportunity, unbalanced new debt obligations, late payments from the government, severe illness, or even death, it does not seem that much could be any worse than what happened this year. Many experts are warning that this is just the beginning.

Don’t forget about the supply chain disruptions and shortages. In March, the US Mint ran out of gold and silver for the first time in history.

The year 2020 started out great, though. The United States saw record high stock market growth, record low unemployment, and historic tax cuts for the middle class, not to mention the fact that many jobs that had been lost to overseas competitors began coming back stateside. Everything looked great! 2020 started as the year of success and perfect vision. Not too many of us were able to see what was coming, however. In March, the COVID-19 crisis hit and the stock markets began their plunges. More than twice, the Dow Jones set a record for the fastest crash in a single day, and the Federal Reserve printed more money in 2020 than they had in the last 10 years combined.

Now, here comes 2021. I wrote in a previous post about how the Great Reset - aims to save the planet from climate change through a series of new taxes paid by the West, mainly the United States and Europe. It also extinguishes what would be considered “excessive debt” owed to central banks through the invisible tax of inflation. The current national debt of the U.S. is over $27 trillion, and inflation will continue to rise substantially in the years to come.

The world is also moving towards a more controllable digital currency to help with ease of issuance, as well as helping to stop the spread of disease. The digital euro project is well underway and the Fed Coin digital dollar will replace the U.S. dollar as we know it. China, which forecasters predict will become the leading superpower by 2028, has already launched their digital Yuan.

Now, here is the kicker: all of these digital currencies will be gold-backed. The main regulatory body of all international banks is the Bank of International Settlements (BIS). In 2011, the BIS mandated that all international banks hold gold to back their loans. Since then, governments and central banks have been the world’s biggest purchaser of gold.

With the forgiveness of central bank debt, inflation and new digital currencies backed by gold, we may see the price of gold reach highs never before fathomed. Gold may end up being so valuable, and therefore, so costly, that the average person may not be able to afford it. As billionaire investor Ray Dalio said in June of 2020, “gold will be the number 1 investment in the future.”


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This article expresses the viewpoints of one of our precious metals specialists, based on recent news reports and opinion-based analysis of the situation. This information should in no way be taken as professional investment advice. As always, we encourage you to talk to your financial advisor before making any investment decisions.

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byNathan Lewis, Op-Ed Contributor
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