Few people realise the coming bargains in all asset markets within the next five years or so. Stocks, bonds and property will be fractions of current prices. I discussed in last week’s article how I expect stocks and property to decline maybe as much as 90%. Most people will consider this as sensational speculation and impossible but similar falls have happened in history before. And at no previous time in history has there been a credit bubble of a magnitude that the world is facing today. Previously individual countries have experienced depressions, often preceded by hyperinflation. But never before has every single industrialised country had a century of exponential growth of credit, asset prices and inflation which is likely to lead to a global collapse. False growth based on fake money It is of course impossible to time the end of a 100-year super cycle bubble. It has already gone on for much longer than many of us thought was possible. But governments, central b...
from GoldBroker.com https://www.goldbroker.com/news/buy-a-house-for-2-6-ounces-of-gold-1051
No comments:
Post a Comment