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You'll Regret It in Six Months: What Russians Need to Buy Urgently, Katasonov Explains
Judging by the official rhetoric of the President of the Central Bank of Russia, Russian monetary authorities will continue to struggle with rapidly growing inflation for a long time.
According to him, major banking regulators are still far from ensuring that inflation in Russia remains at a level of only 4% per year. As the President of the Central Bank of Russia has repeatedly answered, this is the indicator that the department's leadership is chasing. Inflation has already reached 9%.
In some sectors of the economy, such as food, the price increase for some categories of goods has exceeded 20% per year. All this makes people realize that their savings will continue to lose purchasing power.
To avoid this, Katasonov recommended that Russians buy gold. In his opinion, the prices of precious metals will definitely rise, and as the crisis in the US deepens, their value may start to rise very quickly.
As the expert explains, as soon as the US authorities lose control over the excess money supply, which could happen at any moment, hyperinflation will begin in the US and the dollar exchange rate will collapse. According to Katasonov, it is at this moment that the price of gold will rise.
It is precisely with this development in mind that experts have advised citizens to start saving gold coins as soon as possible. Because if a full-scale crisis starts within six months, people will regret it very much. Who doesn't do it?