"I'm going to own more cash than anything else between now and the end of the year," financial advisor and market commentator Peter Grandich of Peter Grandich & Company told David Lin, anchor for Kitco News. Grandich discusses why we are currently in the "financial bubble to end all bubbles."
0:00 - GOLD AS STORE OF VALUE?6:46 - HE MOTHER OF ALL BUBBLES8:29 - U.S. TURNING INTO JAPAN IN THE 1990S11:07 - MAJOR PROBLEMS FACING THE U.S.13:12 - DEBT CEILING DEFAULT?14:43 - CASH VS. INFLATION16:06 - GOLD TO REACH $4,00019:05 - HEDGING STRATEGIES20:44 - HOW TO PRESERVE YOUR WEALTH23:07 - FOREIGN STOCKS VS DOMESTIC STOCKS
Peter Grandich's work can be found at Peter Grandich and Company and Pete Speaks.