Gold and Crypo20 Sep 2021 22:00
In 3rd Sept Money Week Billionaire investor John Paulson (famous for making $20bn shorting bonds in 2007) was quoted as saying "Crypto currencies are a bubble, I'd describe them as a limited supply of nothing...once the exuberance wears off... they will go to zero"
He prefers a more traditional form of money...gold. "We believe gold does very well in times of inflation. As inflation picks up people try to get out of fixed income and they try to get out of cash. The logical place to go is gold."
In the 1970s,( the last big Energy Crisis) we had 2 years of double digit inflation and gold went parabolic.
Having screened lots of gold and resource shares Canada, Australia and UK and hold more than a few.
HUM tops my list by far for value, to take advantage of the developing financial and political crises.