Monday, June 16, 2014

Own gold for a financial crisis protection

If I look at all asset classes - real estate, equities, bonds, commodities, ... gold is relatively inexpensive at present because we had that meaningful correction.

Don't forget we went to $1,921 in September 2011 and since then we have been in a declining trend basically until recently.

When I started to work on Wall Street the global bond market was $790; and before the crisis in 2007 the global bond market had already increased to $70 trillion and now the global bond market is at the $100 trillion something ... something will break, one day will have another crisis; and under these conditions I would own some gold.