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
Watch Video HERE
Not long ago Switzerland, the once safest place to store money, pegged its Franc to the failing EURO and subsequently fell 10%, now the YEN is at a long-term low, according to ZeroHedge. Everyone knows the USD has lost over 90% of its value since 1971, the big question is where do people go to protect the "value" of their wealth? The stock market, bond market, cash or farmland? Could gold be the only SAFE currency left in the world? If you judge from its performance over the past decade the answer is definitely YES! Part of the reason for this is because gold is the ONLY currency that has NO counter-party risk like government. Take refuge in GOLD dear readers, it will prove to be the safest place for your wealth. BK
