Today the man who advised people who managed over $2 trillion gave one of the most powerful interviews of 2020 and what he had to say will surprise readers around the world.
August 22 (King World News) – David Tice: “This is truly a perfect storm. There are so many reasons to be invested in (gold and) gold stocks today. We had long bull periods in the 1930s and the 1970s and 2000s. And if we just look at the 1970s and the 2000s, those two bull markets averaged, just the bullion price, up 1,400%, and we know gold stocks were up even more than that. Earnings are simply exploding in these companies.
And then you throw in the under ownership by individuals and institutions, and you have the cost of production, which is typically energy and costs in foreign currencies that have been diminishing, therefore you have exploding operating margins. I think we are only in the second inning and this could be a long baseball game.
You cannot print money and grow to prosperity. There’s an expression that the Austrian School uses as a key, which is, “The magnitude of any decline is proportional to the excesses created during the prior boom.” And really central banks are trapped in this situation where they are just trying to keep the car on the road, but we are not going to recover from this…to continue listening to one of the most powerful audio interviews of 2020 click here or on the image below.
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