- According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.
- A global / domestic economic maelstrom of epic proportions where paper assets denominated in the reserve currency lose up to 80% is possible.
- Few asset classes will endure the economic storm ahead, however, safe havens include gold, silver, PMs shares and cryptocurrencies.
- Despite the remarkable increases in modern productivity given quantum leaps in access to technology and information, living standards are sagging.
- Incomes have not matched increases in the cost of living.
- The duo concur that the erosion of the standard of living is directly correlated to profligate money expansion, which acts as a reverse “Invisible Hand.”
- Both the guest/host advocate diversification of asset classes, increasing the weighting of safe haven, hard money assets in the coming years to shield wealth from potential economic volatility.
- Source, Gold Seek Radio
