Economic Trends and Hard Asset Supercycles with Rana Vig

<p><span style="font-weight: 400;">In this episode of the Forever Cash Podcast, I sit down with Rana Vig who has been an entrepreneur for over 35 years. After losing a million dollar investment in the mining industry during the 2009 recession, he got into the cannabis industry. Now he believes mining is making a comeback, and he’s ready to invest in silver and gold again. </span></p> <p><strong>Forecasting a Hard Metals Supercycle</strong></p> <p><span style="font-weight: 400;">I asked Rana how he knows that hard metals are coming back, and he said because mining is cyclical. It’s been 10 years since the collapse, and a supercycle is coming. It’s time. A supercycle is a period of high demand that leads to a surge in prices. It’s followed by a collapse of demand (and eventually prices as well).</span></p> <p><span style="font-weight: 400;">Rana says the world has never seen a crisis like we’re seeing today. The pandemic is causing chaos and further economic downturn. Then you’ve got riots and unrest in various countries. Governments all over the world are completely broke and trying to figure out how to keep the economy propped up. They’re printing unprecedented amounts of money. What does that do? It leads to inflation and devalues the currency.</span></p> <p><span style="font-weight: 400;">Gold, on the other hand, likes instability. Gold is an established currency that the market falls back to, in order to account for insecurities. Every time there’s a big insecurity, gold prices spike. Gold is entering a supercycle. It’s already significantly up from last year, and Rana expects it to go much higher.</span></p> <p><strong>Real Estate Is Another Hard Asset That Becomes More Valuable</strong></p> <p><span style="font-weight: 400;">Precious metals and real estate are both hard assets, but gold and silver aren’t investments so much as something you keep to protect your wealth. As formidable investor Warren Buffett is famous for saying, “Gold won’t do much except sit there and look at you.” Ironically enough, Buffett