Gold Bearish: Skol does not believe in gold and all his money in fund management and equities which are artificially inflated. what safe guard do you have in place when the economy crash and gold price skyrockets. Most strategists advise 5% of your portfolio be in gold.
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In the event of a serious downturn in the world's stock markets there's no guarantee gold won't go down with them, in fact in the 1987 crash gold plunged as well, see my chart.
You guys seriously need to do some homework thinking that gold's going to protect you from some gigantic economic collapse, it won't. You can't eat gold.
Also I have no debt, everything I own is mine, not the banks.
Equities are artificially inflated? Says who? You I guess, the rest of the world disagrees, I've made a small fortune out of equities over the last few years and all the while the goldbugs have been telling me to buy gold because of a 'Great Depression 2' and a stock market crash. And gold's gone down the whole time.
Lucky I ignored them, right?
In the event of a serious economic event punters will probably head for the safest of havens, the USD and the Japanese yen, and I've got lots of both.
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