Time to say goodbye to the everything bubble

Easier to Print Money Than Make Refrigerators

NEWS SUMMARY: Precious metal prices eased back Thursday on profit-taking despite a weaker dollar. U.S. stocks rose for a second day as fears around a crisis in China's property market eased and the Fed kept current monetary stimulus in place.

old Switzerland-"Will the autumn of 2021 be the end of the everything bubble? Are investment markets very soon coming to the end of market insanity....

In a world where everything is based on 'get rich quick' neither value investing nor wealth preservation enters the equation. Why worry about preserving your wealth when you could have made 14x your money on the Nasdaq since 2009 or 5,000x your investment on Bitcoin since 2011.

Calling tops is a mug's game. Some of us who look at risk have been worried about the everything bubble economy for quite a while. To us, since the end of the Great Financial Crisis in 2009, the world economy and asset markets have been an illusion....

We are now in a very critical period for the world since excesses of the magnitude we are now seeing must be corrected. Exponential moves in one direction are always corrected. And the corrections will be of a similar magnitude to the rise but happen much quicker. We are talking about falls of 90% or more in all major asset and debt markets....

So what is a Sleeping Beauty investment. Not difficult to guess. It is an investment that you can forget about for 100 years and when you wake up, it will have maintained its purchasing power....There is one investment which you could safely put away and forget about for 100 years. It is of course physical gold, safely stored.

As long as you store gold in a safe place and safe country, you know that it will maintain its REAL value as it has for 5,000 years. Yes, there are fluctuations, but gold's history tells us that it is not just the only money which has survived but also the only money which has maintained real purchasing power.

Gold today at $1,750 is as UNLOVED AND UNDERVALUED as in 1971 at $35 and in 2000 at $288....I have no doubt that gold will soon rectify the current undervaluation and reach levels that few can imagine. This is what both technicals and fundamentals are clearly indicating."