‘Three wise men’ are warning that the next financial crash is coming and that one of the ways to protect and grow wealth in the coming crash will be to own gold.
The men who have recently warned are Jim Rogers (see video), Martin Armstrong (see blog) and Tony Robbins (see video). Each come from somewhat different backgrounds and are respected experts in their respective fields.
Jim Rogers is a world renowned investor who co-founded the Quantum Fund with fellow investor George Soros.
Jim Rogers warned on Bloomberg TV that “the Federal Reserve… has no clue what they are doing. They are going to ruin us all.”
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 continue the US on the path to bankruptcy – a path set by Bush and Obama before him.
He concludes the Bloomberg interview ominously by saying that “this is all going to end very, very, very badly.”
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.
Martin Armstrong warned on his Armstrong Economics blog this week that governments are in trouble and people will start to lose confidence in their governments:
“Gold and the stock market will take off when people realize that government is in trouble. When they lose confidence, that is when they will start to pour into tangible assets.”
People Migrating South & Are Smarter than You Think
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, says plan now for what’s to come. Things may be looking rosy on Wall Street as of late, but the crash will come.
All Seasons strategy via Ray Dalio via Tony Robbins
“We are in a really artificial situation. There is a new high, on average, every month. Feds around the world have been printing money,” said Robbins.
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.
Watch Rogers on
Read Armstrong’s
Watch Tony Robbins on
News and Commentary
Gold investment seen rising for 4th year in 2017 (Reuters)
Gold slips on firmer dollar; political uncertainty supports (Yahoo Finance)
Gold steady amid Brexit, doubts over Trump policy and French election (Nasdaq)
May’s Opening Brexit Bid to Tie Security to Trade Hits Wall (Bloomberg)
Gold Set to Soar to $1,500 as Inflation Makes a Comeback (Bloomberg)
Gold to accelerate amid economic, political concerns – CPM Group (BN Americas)
UK investors exposed – Gold “will smooth investment returns” (Telegraph)
Trump’s $4 Trillion Fiscal Hole (The Daily Reckoning)
Welcome To The Third World, Part 22: Whites Are Dying “Deaths Of Despair” (Dollar Collapse)
Stocks are expensive – but they won’t stay expensive (MoneyWeek)
Gold Prices (LBMA AM)
30 Mar: USD 1,250.90, GBP 1,005.72 & EUR 1,165.34 per ounce
29 Mar: USD 1,252.90, GBP 1,007.71 & EUR 1,161.19 per ounce
28 Mar: USD 1,253.65, GBP 996.15 & EUR 1,154.49 per ounce
27 Mar: USD 1,256.90, GBP 1,000.49 & EUR 1,157.86 per ounce
24 Mar: USD 1,244.00, GBP 996.20 & EUR 1,150.82 per ounce
23 Mar: USD 1,247.90, GBP 997.95 & EUR 1,157.93 per ounce
22 Mar: USD 1,246.10, GBP 999.50 & EUR 1,154.76 per ounce
Silver Prices (LBMA)
30 Mar: USD 18.10, GBP 14.53 & EUR 16.85 per ounce
29 Mar: USD 18.13, GBP 14.58 & EUR 16.81 per ounce
28 Mar: USD 17.94, GBP 14.29 & EUR 16.53 per ounce
27 Mar: USD 17.94, GBP 14.25 & EUR 16.51 per ounce
24 Mar: USD 17.63, GBP 14.11 & EUR 16.31 per ounce
23 Mar: USD 17.55, GBP 14.04 & EUR 16.27 per ounce
22 Mar: USD 17.58, GBP 14.12 & EUR 16.30 per ounce
