From one of the top money managers in the world, Kyle Bass. When asked; what should retail investors do in this looming financial crisis, he says buy gold and go to sleep for ten years. Kyle mentions gold in the last 5 minutes of the presentation. BK
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Bloomberg: Bank of Japan (8301) governor nominee Haruhiko Kuroda said that the central bank will consider buying derivatives if he’s confirmed as governor and signaled a readiness for a quick expansion in monetary stimulus. LINK...
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Yet another Central Bank to join the global trend of expanding money and credit in the hopes of stimulating the economy. This time it's not a small player, Japan is the fourth largest economy in the world and a major trading partner with the USA. The true value of paper currency's is under attack and the race to the bottom is underway. Gold and Silver are your only means of safety. BK
Kyle Bass Explains Japan's Problems
