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January 5, 2025 8 mins
Rob shares bold predictions for 2025, including expectations for gold prices to soar to $3,000 before retreating to $2,200, and a worldwide recession that could surpass the Great Depression of 1929. He speculates on political changes, predicting that Sir Keir Starmer will be ousted as Prime Minister by the end of the year. Additionally, there are forecasts for oil prices to drop to $50 a barrel and the Bank of England's base rate to decrease to 4%, accompanied by rising inflation.  KEY TAKEAWAYS It is anticipated that gold will rise to $3,000 before experiencing a sell-off down to $2,200, influenced by market trends and potential economic downturns. A significant worldwide recession is predicted for 2025, potentially worse than the Great Depression of 1929, driven by unsustainable financial practices and market valuations. There is an expectation that Sir Keir Starmer will be ousted as Prime Minister, leading to the installation of a new Prime Minister by the end of the year. Oil prices are projected to drop to $50 per barrel for Brent crude, influenced by economic slowdowns and recession fears. The Bank of England's base rate is expected to decrease to 4%, while inflation is predicted to rise again, despite current figures suggesting lower rates. BEST MOMENTS "Sir Keir Starmer will be ousted as Prime Minister... I think something's going to happen where he is ousted as Prime Minister." "Oil has been slowly going on a downward spiral for a while... that will normally send oil lower." "I believe that the Bank of England will drop that down to 4%. That wouldn't be the right thing to do at all, in my opinion, but I believe it will happen." "I think a new international monetary system will be officially announced... it could be anything." VALUABLE RESOURCES GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL   uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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