Inflation in the United States will not fall quickly, despite the efforts of the Biden administration to ease the economic pressure, which is the main reason for the exacerbation of the inflation crisis, the financial expert said.
Rind said the US balance sheet has risen by $ 7.5 trillion in debt since the onset of the coronavirus crisis. "It is very difficult to raise interest rates in an environment where we have inflation amid all-time high debt levels."
According to him, gold is one of the few ways to protect your wealth from rising inflation. "Record high stock market prices and record high inflation cannot last forever," Rind said, "and when the market realizes there is a real inflation problem, there will be few options."