Thursday, April 20, 2023

"LAST WARNING to Family and Friends"

Below is a recent email I sent (slightly edited).
...................... 

RE:  the Financial/Economic Crash---

1.  In the past few days, I've watched the analyses of about a dozen or so well-known financial and/or economic forecasters who have stellar past records (multiple times) re predictions on these topics, people such as Michael Burry, Warren Buffett, Charley Munger, Ray Dalio, et al.  The clips were no more than a week old.  Long story short (no time for details):  the probability is extremely high that the Crash will begin this year, and it will be a hard landing.  They all agree, with only minor variations.  All that, plus what I've seen for the past few years, reinforces my belief in a 90%-95% probability of the start of a Crash shortly.  [Or arguably, it already has begun.]  It will be global in effect.

NOTE:  I predicted the same thing for 2016, but my confidence in that forecast was only about 75%.

2.  Also viewed about a dozen precious metals analysts (Jim Rickards, Mike Maloney, et al.) who basically agree with number 1 above, & because of that, most say the probability is extremely high for gold to go to about $2200 and silver to about $35 by the end of the year or perhaps Jan. -Feb.  Then, in the following 1 - 3 years, gold at $4K - $5K and silver at $100 - $300.  [Silver has multiple industrial uses, especially in the High Tech sector, & especially in solar energy...never mind the "store-of-value" monetary attraction.  Demand is increasing.]
I don't follow it, but Bitcoin probably will be at a gazillion $. :)

So, plan accordingly...or not.
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Not only my opinion.  Be Well

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