Image Source: Pixabay

Day after day, gold reaches new highs. Silver, just crossing $29, is only now starting to catch up. The miners are still extremely cheap relative to the price of the precious metals that they mine, so while this rally in mining stacks has been nice, it is not that impressive. But it will be.

Once silver crosses $30, Rafi Farber thinks we'll be back in 1979, when the dollar almost collapsed last time. This time, though, it won't be almost. It will just be. That's because 93% of the value of the dollar is backed by debt that is quickly losing value as interest rates rise. That means, if they hike, the dollar falls. If they cut, the dollar falls. Logically, there can be no other possibility.

Video Length: 00:19:36

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