Gold Is The Last Thing You Should Be Shorting

I think this is the calm before the storm. People don’t really perceive it. Gold shorts are going to lose an incredible amount of money. That’s probably one of the most foolish things you can do. There are a lot of great things out there to short. Gold is the last thing you should be shorting. 

For central banks, gold is the safest reserve asset. It’s the only asset that is not somebody else’s liability. I think the world is going back to gold.

$5,000, $10,000 (per ounce) who knows how high it’s going to go. There is no real ceiling on the price of gold because there is no floor to the value of the dollar and other fiat currency. Gold is going to skyrocket.

The U.S. Dollar Is Going To Collapse

I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. The dollar is going to collapse, and America’s days of living beyond its means is going to come to an end.

Jerome Powell Dismissed Surging Auto Loan Delinquencies

On 60 Minutes Jerome Powell dismissed surging auto loan delinquencies by saying they merely reflect that not everyone is benefitting from the widespread prosperity the U.S. is currently enjoying. But soaring delinquencies are more evidence that the prosperity is not widespread!