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Gold Beating Buffett

Summary

For the first time ever, I am “100% invested in physical gold” as a percentage of my portfolio.

Bottom “is in for gold,” and “the bottom is in for silver, too.”.

With the record bubbles and the record debt, both gold and silver will be setting new all-time high records, as well, in the not-so-distant future.

We are living in an age of records in the financial world. The stock market is in its longest bull market in history and near all-time highs. The world has more debt than ever before while interest rates are near record lows, and some are negative in many countries for the first time ever. Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing a dark ending for the era of financial records. Barisheff explains, “I have been in the business for 40 years, and this is the first time we have had a simultaneous triple bubble, a bubble in real estate, stocks and bonds all at the same time. In 1999, it was a stock bubble. In 2007, it was a real estate bubble. This time, we’ve got a triple simultaneous bubble. So, when we have the correction, it’s going to be massive. Value calculations on equities say it’s worse than 1999, and in some cases worse than 1929. The big problem is this triple bubble is sitting on a mountain of debt like never before.” https://youtu.be/OyfcosfMc5E