I fast forwarded to the last minute figuring it was a gold guy. I was correct.
Heaven forbid if you were invested in junior gold miners since the start of the year!
“I fast forwarded to the last minute figuring it was a gold guy. I was correct.”
Thanks for saving me the time. There’s only one way to safeguard whatever wealth you have - diversify into many different asset classes. Gold can be a portion, but not a lot.
Asset classes move up and down relative to each other. In 2009 the best asset to have was cash - think how much more real estate and stocks you could buy with the same amount of cash compared to a couple of years earlier.
I’ve been reading these stories for 8 years and they have yet to come true. There is some truth to them but honestly, I think the barons in control of the banks have finally figured out how to work together and tweak the system every time a crash begins. Basically they can keep pumping it up indefinitely or at least until inflation finally makes the people revolt.