The price of gold has hit all time highs. Since 2000 the people who invested in gold have done very well.
I am one of those investors. I own physical gold…. No paper gold ETFs.
Unfortunately higher gold prices generally means investors are becoming pessimistic. Many investors shift out of stocks and start buy defensive assets.
So higher gold prices are not necessarily a good sign.
If a major stock market crash occurs…. Which I am expecting…. Because the stock market has been high for too many years…. This is not good news for people who do NOT own gold, silver, and Bitcoin.
History has shown us…even non-investors and poor people are happier in a bull market…although not getting richer.
When this very high stock market crashes… non-investors and the poor will suffer….possibly become depressed….while the rich smart investors who sell at a market top…. Which they are doing now….and sit on piles of cash…ready to pick up assets at bargain prices….after the crash.
If I was one of those who did not invest in one of the biggest and longest bull markets in history….I would learn from my non-action.
When this market crashes…and you have nothing because you did nothing…I would do what smart investors will be doing….Which is to take my time… study…join an investment club….watch for bargains….and start buying assets at low prices…carefully.
Then in a few years…. When another bull market rises…you will be one of the richer smarter investors.
The lesson is: “smart investors get rich….regardless if markets are going up or down.”
If you missed this last bull market…don’t worry….anothe one is coming your way.
This is the time….even if the economy goes into a depression….to be patient…join an investment club….get smarter…don’t get greedy….identify Ibargains….get richer….and take care.
I couldn't be more excited to be on Locals. We are going to talk about things here we can't talk about anywhere else. Exclusive content and special in-depth discussions that will only happen here.
On September 17, 2019, the repo market crashed overnight, and almost two years ago in February 2020, the world became aware of the spread of COVID-19. Today’s guest says that he knew that from the beginning that something wasn’t adding up and that’s when he began his quest to find answers.
Chris Martenson is an economic researcher and futurist specializing in energy and resource depletion, and co-founder of PeakProsperity.com says, “The repo market was blowing up and COVID was the best thing that could have happened to a Federal Reserve that needed a reason to print trillions.”
Host Robert Kiyosaki and guest Chris Martenson discuss Chris’ research into the COVID-19 pandemic, and how answers can be found if we “follow the money.”
CALIFORNIA went WOKE and now going BROKE.
Burning down is some of the most expensive and beautiful real estate in the world… without insurance.
Sad….very sad.
Time the WOKE wake up.
GOD BLESS TRUMPS FREEDOM from the radical woke Democrats
fake charges.
When are the woke radical liberals going to get it?
The academic woke liberals are the greatest threat to America.
Put them in jail.
WHAT a TRAGEDY: I cannot imagine my home burning down. More than the house are the memories each home protected. Homes can be rebuilt… but memories are priceless.
Count your blessings if you have a roof over your head and a bed to keep you warm.
Please say a prayer for those who are not as fortunate as you tonight.
Take care.
