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Precious Metals Long Term Potential Intact Despite High Interest Rates

US Fed Chair, Jerome Powell indicated to the lawmakers earlier this week that high Interest rates will persist for a longer period in order to control inflation. Precious metal prices and stocks fell upon the speech. However, many market analysts warned that continuous rate hike may eventually result is a prolonged and uncontrollable recession. History showed that the aftermath of such an event will be massive money printing, bringing the economy back to the zero interest rate environment. The current way which the world economy is being managed is unsustainable. Eventually, everything will fall apart, a scenario which favour gold and silver. While prices oscillates now and then, the upward potential of gold and silver remains intact. Current price regions of ( Gold : USD $1820 / oz ) and ( Silver : USD $20 / oz ) present a favourable entry into a long term investment.