The Next Recession

Recessions have been happening for quite some time and you know the next one is long overdue and I do think that the enthusiasm surrounding the tax cuts and the gains in the market could well extend  the period between now and the next recession but I don't think it will extend it long enough for Trump to be reelected.

Bitcoin Is Going To Crash Down

I am sure that it is a bubble, in fact it's probably the biggest bubble I've ever seen in my career as an investor and I've seen quite a few bubbles and I'm familiar with this psychology that surrounds them.

And you know Bitcoin has all of the characteristics of a bubble, in fact it's not just Bitcoin it's the entire cryptocurrency space. I think it's a massive speculative bubble and maybe we've seen the top and maybe we haven't I don't know but I think when the top is in this thing is gonna come crashing down, it's not just gonna go down slowly. You know there's an expression that markets take the stairs up and the elevator down, well you know Bitcoin took a rocket ship up and it's gonna come down even faster.

2018 Outlook: Gold, Bitcoin

"If people earn more money because central banks create more money they use their additional incomes to bid up prices for everything so I think a lot of prices are gonna be rising not just the price of gold." 

"I do believe as more people perceive the threat of inflation and see the dangers of what the central banks have been doing I think the price of gold will rise faster than a lot of other prices as people embrace it as a hedge against inflation and as a store of value."