According to Hemke, the Fed is going to backtrack and start printing money and cutting interest rates. Let's not forget that the economy is down and this year is an election year with Democrats in power weaker than ever before, he said.
The financial writer, market analyst and precious metals expert said: “We are already in a textbook recession. Things are going badly for people. Everyone knows this. [...] What will happen is that the interest rate situation will get completely out of hand or, most likely, the Fed will step on the QE (quantitative easing) pedal to try to catch up with the train leaving them.”
Then, according to him, the finest hour for gold and silver will come, as investment demand for them will increase sharply: “It will definitely happen, and it will happen soon. [...] Then the floodgates will open again, investment demand for everything related to precious metals will flood into this sector, and prices will skyrocket. It is possible that the precious metals market will grow by 50% in five months, as it has been in the past.”
Speaking of inflation, Hemke explained that it is the cause of the destruction of countries and the coming to power of tyrants. In this context, he advises reading the book When Money Dies. The Nightmare of Hyperinflation”, and also recalled the situation in Germany in 1922.