I guess it falls into the category of "well, he would say that, wouldn't he".
Even so, their is merit in the basic argument, I think there is a lot more pain to come yet in other markets.
This is interesting too "Total gold above ground is worth about $4.8 trillion, compared with global stock and bond markets worth $135.2 trillion". About 3.5% as an asset. Easy to argue that could be higher.
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