Thursday, September 9, 2010

He Predicted the Mortgage Collapse, Now He's Buying Gold

By Jon Erlichman and Dakin Campbell - Sep 7, 2010 5:00 AM ET

Michael Burry:  Gold is also a favored investment as central banks issue debt and devalue their currencies, he said. Governments haven’t adequately addressed the causes of the financial crisis and may be sowing the seeds for future problems by borrowing, he said. In the U.S., lawmakers showed they didn’t understand how to prevent another crisis when they gave the Federal Reserve and Chairman Ben S. Bernanke additional authority, he said.   LINK...
Farmland, water and Gold. Getting back to basics seems like the theme for investors in the future.   BK