‘Three Wise Men’ Warn Crash Coming, Own Gold
The men who have recently warned are Jim Rogers (video below), Martin Armstrong (blog below) and Tony Robbins (video below). Each come from somewhat different backgrounds and are respected experts in their respective fields.
Each has different views in terms of asset allocation and how best to weather the coming financial storm but all are united in believing that gold will act as a wealth preservation tool and will likely rise in value when other assets fall.
Jim Rogers is a world renowned investor who co-founded the Quantum Fund with fellow investor George Soros. He is an investor, traveler, financial commentator and author who believes that this will be the ‘Asian Century.’
In his usual plain speaking, honest manner, Jim Rogers warned on Bloomberg TV that
Central banks have driven rates to all time record lows and in the process, debt has “sky-rocketed.”
Rogers slams the ‘counterfactual’ arguments that things would have been a lot worse if the Fed had not done all this, “propping up zombie banks and dead companies is not the way the world is supposed to work. … It’s been nine years and we have nothing to show for it [economically] except staggering amounts of debt.”
Rogers is pessimistic about the outlook for America and thinks that Donald Trump will see the US continue on the path to bankruptcy – a path set by Bush and Obama before him.
In recent years, Rogers has consistently said that he wants to own more gold and silver and will continue to accumulate the precious metals on any price dips.
Watch Rogers on Bloomberg TV here
Financial analyst and trends forecaster, Martin Armstrong warned on his Armstrong Economics blog this week that governments are in increasing trouble and people will start to lose confidence in their governments:
Armstrong is nervous about gold in the short term and thinks it could fall as low as $1,000 per ounce prior to surging to as high as $5,000 per ounce in the coming years.
Tony Robbins, performance coach and self help guru has warned that “The Crash is Coming.”
Robbins, who is focusing more on finances and wealth in recent years and in his latest book, ‘Money: Master The Game’, says plan now for what’s to come. Things may be looking rosy on Wall Street as of late, but the crash will come.
Robbins has long advocated owning gold as part of a diversified portfolio and has cited Kyle Bass, Marc Faber and more recently Ray Dalio as his financial gurus. In his recent book, Robbins cited Dalio and recommended an asset allocation strategy that involves a 7.5% allocation to gold.
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