Jeff Berwick: Stay Down-to-Earth with Gold, While Going to the Moon with Bitcoin
There are so many radically extreme events that are happening, or will likely happen soon in the world economy, we have to be very careful. In Jeff Berwick’s 20+ years of market investments, he sees this as the most difficult time for investors. He suggests getting a lot of your money out of the markets by holding precious metals, other hard assets, and bitcoin.
The economy has been going down since the year 2000, but has been papered over with all the QE money printing. Jeff’s financial analyst company, The Dollar Vigilante has been negative on stock market investing for a few years now.
Jeff compares gold to bitcoin- a very new peer-to-peer digital currency that began in 2009. He thinks it’s wise to own both gold and BTC. Gold has been a store of value throughout human history, and bitcoin is doing phenomenally well. He started investing in BTC in 2011 when it was at $3- and it’s now close to $1000! The only stocks that Jeff is personally bullish on are precious metals.
Gold is physical while bitcoin is in the virtual world. Being physical is both good and bad. In the past, gold has been confiscated by the government- as we saw in the US in 1933. We’re seeing physical confiscation today in India which just had 80% of their fiat currency cancelled. Bitcoin is easy to use and there is even a bitcoin debit card (E-Coin).
On Feburary 24th 2017, The Dollar Vigilante is hosting the 3rd year of his investment summit. This year you can meet with speakers like David Morgan, Bill Murphy, Roger Ver, Ed Bugos, and Palisade Radio’s own Collin Kettell. It will be held at the Mundo Imperial, a 5 star resort in Acapulco, Mexico. For more information, you can go to http://tdvinvestmentsummit.com/
Also, for a limited time you can get TDV’s eBook ‘Getting Your Gold Out of Dodge ‘ free at https://dollarvigilante.com/gygood
Talking Points From This Week’s Episode:
•The Fed is probably very close to another rate hike
•After the next Fed rate hike, we will likely see a lot of market shuffling
•If there is no more QE, we will likely see the worst crash in human history
•Going short on the DOW right now could potentially lay ruin to a portfolio
Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences including his own, Anarchapulco, as well as regularly in the media including CNBC, Bloomberg and Fox Business. Jeff’s background in the financial markets dates back to his founding of Canada’s largest financial website, Stockhouse.com, in 1994. In the late ‘90s the company expanded worldwide into 8 different countries and had 250 employees and a market capitalization of $240 million USD at the peak of the “tech bubble”. To this day more than a million investors use Stockhouse.com for investment information every month.