Views About Stocks and Gold

18 Sep

Views About Stocks and Gold

Worth Considering!

Here is a sampling of market views from people we follow from time to time, some about gold, the dollar, the stock market, and the economy.   These are all important topics, and we encourage you to visit with a Republic Monetary Exchange gold and silver specialist to create a sensible plan to protect yourself in these inflationary and turbulent times.

Charlies Munger is Warren Buffett’s partner at Berkshire Hathaway.  He is 98 years old and still astute and worth heeding:

“There’s never been anything quite like what we’re doing now, and we do know from what’s happened in other nations if you try and print too much money, it eventually causes terrible trouble. And we’re closer to terrible “trouble than we’ve been in the past, but it may still be a long way off. I certainly hope so….

”Well, when Volker, after the seventies, took the prime rate to 20% and the government was paying 15% on its government bonds, that was a horrible recession. Lasted a long time, caused a lot of anger and agony. And I certainly hope we’re not going there again. I think the conditions that allowed Volcker to do that without an interference from the politicians were very unusual… 

“You may wish you had you had a Volcker style recession instead of what you’re going to get. The troubles that come to us could be worse than what Volcker was dealing with. And harder to fix.”

Raj Subramaniam is the CEO of FedEx.  He believes the economy is headed into a worldwide recession.  After a disappointing quarterly report for the first quarter, Subramaniam said:

“We’re seeing that volume decline in every segment around the world, and so you know, we’ve just started our second quarter,” he said. “The weekly numbers are not looking so good, so we just assume at this point that the economic conditions are not really good….

“We are a reflection of everybody else’s business, especially the high-value economy in the world.”

FedEx is responding to its troubling situation by closing more than 90 FedEx Office locations and five corporate offices.  

Alasdair Macleod is a well-known gold market commentator.  We cut to a succinct comment from Macleod in a longer piece carried on ZeroHedge:

“We can begin to anticipate the path to the destruction of purchasing power for all fiat currencies, not just those of Zimbabwe, Turkey, and Venezuela et al. A global hyperinflation is proving impossible to avoid.”

Doug Casey has been commenting on the economy and the state of freedom in the US for decades.  Here is a snippet from Casey about the new 87,000 armed IRS agents:

“These new IRS agents are a direct attack on the middle class. The elite hate the middle class and what they stand for—independence, stability, and traditional values. The fact that they’re doubling the size of the tax police is truly extraordinary. As the economy continues to decline, you can expect class warfare—along with race and sex warfare—to increase.”

The last word goes to famed investor Jim Rogers:

“If we have inflation, you should own things that will go up in price. Real assets always go up in inflation and that is the way I am looking to protect myself.”