"Inflation Will Run Amok", DiMartino Booth Says "Gold Is The Ultimate Hiding Place"
- Thread starter Altavest_Erik
- Start date
Buy shares in anything related to old age and death, THAT is your safe haven for the next decade with the US demographic as it is.
Buy shares in anything that is a cheap luxury. It sells in the good times and it sells in the bad times. When glossy magazines took a hit in 2008 sales in the other Woman's bla bla cheap titles rose. Any equivalent of this is a safe haven.
Buy shares in anything that is a cheap luxury. It sells in the good times and it sells in the bad times. When glossy magazines took a hit in 2008 sales in the other Woman's bla bla cheap titles rose. Any equivalent of this is a safe haven.
In the 2008 decline, gold lost about -35%. Better than equities in general, but still. Gold miners lost -80% during the same time.
Saying, "This time it will be different. Gold will soar instead of going down with the markets"?
Saying, "This time it will be different. Gold will soar instead of going down with the markets"?
It's funny, inflation has been about to "run amok" since 2009, these same folks have been dead certain about it. I guess a stopped clock is right twice a day, at least if it's an old analog one. But if one had bought gold or shorted bonds the first day they claimed this you'd not only have missed a big bull market but have lost a big chunk of change. Don't forget, "The Market Can Remain Irrational Longer Than You Can Remain Solvent"
