All markets, even gold, are about to crash says investor in all cash
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- Опубликовано: 8 авг 2024
- Markets will see a major correction soon, most likely before the presidential election, said Clem Chambers of InvestorsHub, who has allocated all his holdings into cash.
Under such a “flash crash” scenario, most assets have a positive cross-correlation and tend to fall together.
“I got a warning from the market about ten days ago…so I cleared the decks because I think it’s highly likely, not absolutely certain, but too likely to be in the markets that we’re going to be in for a crash,” Chambers told Kitco News. “Normally before a crash, I experience what I call a market malfunction where my portfolio just doesn’t behave as it should.”
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Great content. I’m still sticking to gold and silver. I think it’s going a lot higher over the next twelve months. We really haven’t seen even the beginnings of the post COVID fallout. Businesses will fail, unemployment will rise and unfortunately people will lose their homes. Rough waters ahead. Money will move into gold and silver and crypto to a certain degree.
@beanstacker exc you will belong to the lucky few that didnt loose everything.
Buckle up boys, it’s about to get UGLY!!!!
@beanstacker exc Exactly!! Investors sell precious metals to cover margin calls.
To be honest no one really know what will happen.
@beanstacker exc the idea is that people will be looking for safety, gold silver and Bitcoin. Especially if the world loses faith in the almighty dollar.
Wrong again. Gold horrible, stocks stellar
6:07 remember that in the Great Depression people thought that the crash was going to be short and sharp, but instead it was three years of brutal Deflation with bull traps to destroy wealth all the way down.
He thinks that this crash will only last a few days tho a week, and then he can get in then.
Remember when gold and silver tanked in March? Well, I tried to buy some back then, but unfortunately all shops were closed.
Who says that the ‘authorities’ won’t shut down markets when/if they crash?
Yes, I understand his deflation/inflation wager, but IMHO it hinges on two critical things; 1) markets being open, i.e. still having access to his bank account and being able to buy shares, and 2) being able to time it perfectly.
Well said...
Is there really a possibility of the market closing? This would only come from another virus scare, in my mind. Still seems unlikely.
I agree on the timing
That is exactly why I go long real assets and commodities including PMs, real estate, and other durable goods.
he has plenty of phys in a hold position
Markets not going anywhere, even if you believe US stops functioning, most of the world will be fine. This discussion is about paper, not the end of civilization. There are plenty of countries where life is mostly normal
Inflation is taxation without representation
this comment has its character weight in gold.
D D i really wish the average person understood what inflation is and how the government uses it to steal your wealth. Maybe then things could change for the better.everyday that passes the government silently reaches into my pocket and is siphoning away my hard earned wealth
@D D if the housing market crashes copper will go with it, silver has more upside than gold as it's majorly a by product of other mining operations. Platinum had a huge run after the GFC so could again
If you ever wonder why the education system dumbs down a population, look no further than the theft of their effort through taxes and inflation.
Brilliant.
Basically a deflation before a hyper inflation.
Mike Maloney and Harry Dent were right!
Seek the Truth I agree. But I think I didn’t understand Harry’s stand point. But the more I study the more it makes sense
Truth Is In Nature hmm interesting so how are you preparing for a stagflation?
Hyperinflation probably won't come. All currencies have printed a ton, they may just get together and agree to chop off six zeroes from everybody's debt and start the printing over. The health of economies are relative, there are no absolutes.
We're in deflation / stagflation now and it could last a while, high inflation could be next
When it comes to gold and silver, it is not worth going into cash because a crash might happen. Timing the market is very difficult because you have to be right twice. You have to sell high and buy low. That is tough to do in a highly volatile market. In the short run, anything can happen. But in the intermediate and long run, gold and silver will shine! So, just ride it through.
I'm definitely in "buy the dip" mode on Silver and Gold
exactly. It's on a correction right now. It's too risky to miss the next leg up on metals to try and time a 25-30% crash, that you aren't entirely sure will occur.
Instead of selling everything why not just buy some otm puts for insurance?
I agree with staying put on your PM. I’m also working my day job as much as I can to create more fiat to either buy more PM or mining stocks OR to sit on fiat and have ready for a fire sale purchase.
Unobtanium
If you guys take a look at the gold chart back in march you will understand what he is saying. Nothing wrong with being bullish on gold, but in the short term of a crash gold will drop too because people will liquidate to cover margin calls. After gold drops it will come back up just like it did in March. Why lose 40% on your gold when you can sell now and then buy again on sale? Makes sense honestly.
Because a crash is not guaranteed and timing it is too hard. Congress can just decide to spend a bunch of money and buy corporate debt to keep propping the market up.
@@realityhittingme The money printing cannot continue at this rate. We will enter hyper inflation and destroy the US dollar. The crash WILL come. It's just a matter of when.
@@quentonschneider9166 exactly but equities and commodities can go up with a dollar crash and they will. Any downtown is not guaranteed, will be hard to time, and guessing the bottom will be difficult. Ive been in gold and silver miners since march and only plan to expand my position ok dips
@@realityhittingme Yes I completely agree that some equities and commodities will rise because of a dollar devaluation. What I was referring to is that if we have a quick and sharp sell off we will likely see gold and silver fall in the short term (It was about 5 days back in march) but then it will start to rise again.
I'm afraid I'm not nearly clever enough to time markets. I'll hold.
He’s probably right in the short term, but in the long term gold, silver and bitcoin will prevail.
Silver
Gold
Get both gold and silver
he did say he was holding onto his gold & crypto' DESPITE the short term crash in these.
As you take profit off of those, load up on uranium for the next year
I don’t consider 25 to 40% a crash. I call that a healthy correction. 50 to 80% a crash.
Agreed, but his percentages are still a pretty severe drop from the height of these particularly inflated markets.
I agree
Lol losing 40% of your money in a weeks time is definitely a crash
The definition of a crash is partly a function of age. A 25% meltdown for me at age 70 would be very serious. Younger folks can
ride it out simply because they have more time to do so.
Curley. It only hurts if you have to sell. My airline stock that I contributed for years is down almost 70%. That is a crash. It will take years to recover and maybe never.
He is not sitting on "money" he is sitting on "currency" MASSIVE difference.
Mike Maloney enters chat 😂😂
There is a war by the central bankers **against** sound money, and this guy thinks they're gonna win.
Mike Maloney says good job.
Mike Maloney says good job.
Another clueless opinion from another talking head.
8% Commercial Real Estate
33% Cash
8% Alts coins
28% BTC
11% Gold
11% Silver
1% Mining
Make sure to hide that $330 in cash somewhere good
@@aaronb4784*300k
Why 8% commercial real estate?
@@beverleysmith3629 It's a property I have owned part of for several years, not really able to sell at this time.
@@jsnow6925 Okay, I was wondering why not residential property. In view of the current state of shopping centres, although warehouses appear to be doing well.
This is the most honest guest you have on. Why diversify when you believe there's a crash. Everything goes down in a crash, so it makes sense to have cash to rebuy. Deflation before inflation.
He’s a trader & yes there will be a crash, those holding physical metal are not going to sell it for worthless currency.
That makes sense.
I do feel like this thing crashes either way either before or right after the election.
Is this guy.. st***d or what?!?!
Whats the difference sitting on cash? with inflation. Your value is cut in a half aswell.. what nonsense advice is that..
So hi sells his share at tesla for 400$, and sits on 400$ in cash. The Market crashes and now tesla shares are at 200$. And his 400$ dollars = 200$ before the crash.
What nonsense is that? Why not buying 400$ gold. And sell it at the new inflated level of 800$?
Sitting on cash.. how dumb is that?
@RK RocketKnight A Biden victory would mean that the country, its finances, liberty and future are gone... Brace for impact. Move to Mexico.
@@notworking5692 He's talking a short term sit on cash. Inflation won't be an issue when there is the sharp "crash"
@@mikeep666 exactly. He is advicing to stand side line. Till after the crash, then ppl can load up more. However, the advise is little bit too late for me. Those stocks which bought over gold over 1920 are all being traps.
@@mikeep666 am willing to takes risk if nessesary. Thats insanely risky. Personally i would not have the b*lls to take it.. Would you take it?
Great Interview! Covered all points I've been pushing for months now.
It’ll be very nice if gold crashes and falls.. Ill just buy even more gold🤑🤑🤑
That could be the event where everyone runs to gold and nobody can get it. Comex is a fractional reserve system meaning they only hold 10% of what they say they have in paper contracts. Basically there isn't that much left and if there is a run on gold everyone will find out it's all gone. Then that might be the event where prices go to the moon.
@@peterwilkinson1975 it's 1%
If you can buy it... funny how people think that... why in the hell would people sell
and I will be able to afford some!
And if you can't buy Gold, you move to Silver - most will be moving to Silver once they're priced out of Gold. Silver will have it's day.
The interviewer does not like the idea this man is selling. Surely, there is somewhere you want to invest your cash? Uhm, nope.
Kitco probably wanted to hear that he was going to dump it all into physical metals. There isn't anything wrong with holding physical metals. I do it but it's not the best choice for all of your money.
@@michaelpeck5547 What's the best choice?
@@SG-ji5ij There is no 1 place imo.
@@michaelpeck5547 Some in PM's, Some in Crypto's, some in cash... None in SM
I like how David Lin stress tested Clem's thesis and had his interviewee divulge the rational and logical reason for it's existence.
He’s great at asking inquisitive questions
Makes sense that ramping up inflation will take time... in a way YOU NEED more big trouble to get them to keep ramping.
Crypto trading is a very lucrative of making money online at the moment
I've got this little interest in Bitcoin maybe I'll give it a try
Well with the crypto currency market favourable as it's Investing now wouldn't be a bad choice tho.
Cash is trash! If everything crashes then real gold and silver will NOT crash with paper gold and silver. What will happen is Gold and Silver spot crashes BUUUUT no inventory. No real gold and silver will sell at that price. Spot diverge with reality.
Maybe. But gold/silver did crash last time, along with everything else.
Real gold and silver will have a huge chunk of their value drop with the market. That amount is going to be what people are willing to pay for it. It will lose a ton of liquidity as you will have to hunt around for a buyer until inflationary conditions show up.
@@taiping194 The spot price in paper crashed, the price on physical metal did not, premiums went skyhigh.
Sitting more than 50% cash but still holding my PM positions. Trimmed equities mostly.
Stocks are good but i swapped and invested in forex, Bitcoin and other Cryptocurrency. I have been making good profits
Yes investing in Forex and Crypto is profiting
I've got interest in investing but afraid of doing it on my own to avoid loss from my own end 😕🥴
It's not all about watching videos and wasting your time on strategies, I was ignorant doing so....so I decided to try Mr James and ever since then he's made about €14,000 for every €5,000 i invested in just 2 weeks
I lost about $7,000 in stock market before I was linked to Mr James and believe me he helped me recover the $7, 000 and made extra of $4,000 in the space of a week and 4 days
I'm not here to converse but to share my testimony just for what I confirmed he's trustworthy and best option ever seen.. Thanks Mr James 🇬🇧🇺🇦
You might not like what you hear, here, but, I think he is 'spot-on'! Thanx for the interview.
Yep, looks like it.
Great interview as always David. Mr. Chambers echoes my personal sentiments perfectly. I think he's spot-on.
Only what you possess physically will be important
@E W anything physical, from wheat berries to grains (chickpeas, peas, lentil), sugar, nuts, dried fruit which doesn’t depend on electricity, not quickly perishable & nutritious. And metals too.. consider that when tummy growls, you cannot chew on metals.
@TIA SVETNIK 👍
I’m also going to predict the market will crash in the future.
I predict it will crash and hit an all time high.........in the future.
You know I'm right.
I too shall predict the market will crash in the future.
You can say that again.
He is simply telling us what he is doing with HIS own money. Feel free to do whatever you want with yours.
I also think there will be a crash. If it's a short term crash, he will look like a genius.
Investment managers seem to think putting money into precious metals (gold, silver etc.) is wise. Investors could also pivot to cryptos.
The fact is, no one really knows.
I'll bet you turn out to be right some day.
Sounds like a great plan: you watch this video on RUclips, you then run to sell all your assets, wait for a crash, jump in right at the bottom, ride the market all the way up, and then, benefit from inflation. I'm in.
LOL!
So we need to buy or sell the gold and silver?
Excellent interview. Very balanced and critical in just the right way, so you get to hear all of Clem's arguments. Very good!
I'm still stacking silver and gold.
Silver and gold is useless as a currency today. 200 years agomost people were so poor gold and silver could be used as a currency. Today is a different situation since the majority of the earths population are wealthy. Therefore gold and silver do not have the same value as 200 years ago. "Experts" saying to buy gold is forgetting those metals are useless. Even Warren Buffet do not know where to put his money. The closest thing to "safe" is singapore currency.
@@nostric4237 ok if you say so. I'll continue stacking silver and gold. I enjoy stacking it. I can sell it anytime I want. And if it comes down to it I can always barter with it if need be.
Nostric que the pway
If you try to time the market you will lose! Hold on to your gold and silver 🏄🏻♀️💸
Value is determined by it's supply/scarcity. Gold can be mined fairly easily, might take a few years to get the supply up, but once it hits 3k/oz or something, more people will quit their jobs and mine by hand, sell their jewelry, etc. Plenty of it on the earth.
Best interviewer in financial news. Excellent questions on the fly as the interview progresses. No other journalist does it at this degree of excellence.
Man David you have a skill. When the speaker has a fast cadence, you speed up your questions with perfect timing. When the speaker is long winded and speaks in paragraphs, you stay quiet and wait for the gap. Wow! This interview showed your talent at interviewing.
0:50 "all the American *charts* are saying trouble ahead" I am a noob. Please tell me what these charts are? O.o
He sounds like the Geico gecko!!! 🤣🤣🤣
Markets has decoupled from Main street so valuation doesn’t matter as long yields stay zero nominal negative
“Unless they reinvented economics in the last few years”
I've been to the "money factory" it doesn't matter if it's a $20 or $100 bill, at the end of the days it only 6 cents worth of paper & ink.. wake up! Fiat currency sucks.
It even costs to produce more than it is worth 😂
l M ha! 😂
Actually the dollar is worth 2 and less than a half cent
The unique feature of recent crashes is the 0% interest environment. Crashes use be from people selling and sitting their money on interest. This doesnt exist now. This is stopping the crashing falls, especially when inflation is creeping in.
If everything crashes,where will money go? Into piggybanks?
Tradeon, Out of the system and buy , when there is blood on the streets! Used common sense.
No just banks, they will take back everything people cant make loan payments on and me because im shorting the market, the stock market will inflict as much paain as posable its how the market works they pump then dump and then dump then pump they will move the market wherever it needs to go, to make them the most money. personaly lately whenever i see a up day in the market i image the market makers saying SUCKERS ALL ABORD! ;)
Good interview, I am in agreement with Clem, scary times ahead....
Should I go 100% cash? I'm 25% PM right now and I've done fine. What's different between now and April 2020?
Plot twist: dollar crashes and stocks/golds hyperinflate. Guys portfolio gets slaughtered
Dollar been on a false breakout, smashed today
When you read "dollar gains strength" in a news article, ask: what has changed fundamentally to cause this? The answer is nothing. QE rolls on, trillions in stimulus roll on, more more more dollars. Silver and gold initially go down with the stock market because of the paper derivatives. They tend to make their TRUE moves after the initial stock market moves....remember March 2020! Sure, keep some cash on hand just to conduct normal transactions, but that's it.
@General Stack: That's what I was thinking. He could very well be right, but I would not make such an extreme bet that a major crash of stocks & gold will PRECEDE a dollar crash and not vice versa.
Dollar strength to other fiat currencies is irrelevant. They are all adding zeros from nothing. Gold and probably stocks will continue to soar while they create more fiat around the world.
His coat reflects how bad the economy is gonna be
🤣
😆😆
🤣🤣🤣
Okay, if that's true I'm not going to cash, but 100%shorts.
David Lin is the best interviewer around. He asks sensible and probing questions, indicating a sound background knowledge, but he does not push his own barrel like others do.
I’m out I agree it’s to risky, what could you gain by being in the market 10%? would you risk your portfolio for and additional 10%?
I get paid tomorrow. I’ll be buying some more silver Britannia’s.
Same here)
Do you have to pay VAT?
Oh yes!
are you in europe ?
TJ Thunder get over yourself. Easy smartphone typo.
They might crash. Anyone could call that at anytime. However, Gold many not crash as everyone seems to suspect. I will hold Gold and Silver as well as the miners regardless. Sorry, I don't want to hold fiat notes.
Second-Guess Always yes
Truth gold will never go back to $800
Terrible advice
David Lin has done a fantastic job on interviews for Kitco. Always being well prepared, poised and asking thought-provoking questions. His work has taken Kitco interviews to a different level. For years, I got tired of listening to softball questions and soundbites answers.
Just wondering would it not be better to be in government bonds rather than cash if your worried about a crash as bonds should rally in when the crash comes?
Sell stocks. Buy gold and silver then sit back and watch the sh!t storm.
Agree but keep some cash on hand.
Sell mining stocks too?
Bonds my friend you want bonds
@@SG-ji5ij good commodity stocks including good PMs I would hold.
@@josecarlosxyz low return, and denominated in a currency that may not exist in 5 or 20 years, I am not sure.
Yeah I waited for the crash and missed out on 400% Tesla growth. That was a good move.
Same here 😂
you took the right decision the market is irradiinal
Kitco guy's look is like "god damn, spare me of this nutter. Cash? :-D
The killing question is at 6:28, he said "cash", 6:38 interview guy point out. Keep stacking guys.
traviantist i dont trust cash 😂 i am in on gold
This is the only thing to take from this video... when I heard him say this I thought... this guy is an idiot...
For what its worth, I have been buying food items to get ahead a year in supply... also stocking up on a years supply of heating fuel in advance.. (have lots of guns and ammo..) I have a system in place which will generate my own electricity to draw water from a well and keep my foods frozen.. I own no stocks as of this time last year... I have 25% of total assets in physical gold coins in hand... 5% silver... the rest is in cash.. (i have no debts, including title to my properties)
Been expecting a hard pull back in equities for two years now... still waiting,... still preparing... Gold holdings are up over 50% in two years, a bit better for Silver... It is what it is... I can't feel the timing of the future, but I will know when it has happened...
Well done, You are well prepared.
How to do stock up in heating fuel?
We live in urban/city and dependent on main gas supply and electricity from the grid. Dont know how to ...
@@nikkion2140 For heat, I use LP ventless gas heaters... (I prefer Blue Flame, 30,000 btu with thermostat control... DynaGlo is my preference) These can be used indoors safely, but may not conform to city codes) I have then purchased (8) 100 lb propane tanks and have them filled and ready... these require certain adaptors and hose connections...(I can provide details if you wish) I also have numerous other propane tanks-- 40lb and the standard 20 lbs.- all filled and in the barn... These will run various other propane heaters in smaller size... To me, Blue Flame is the best way to go...They are more efficient.. Much depends on square footage... May not be suitable for small children to be around... I am in the third year of doing this... For me, it works like a charm... I will never use the grids gas again... I live in Michigan and it does get below freezing in the Winter months... One large propane tank last almost a month.... it heats one floor space of about 1000 square feet nicely... You can supplement heat to a bathroom or back bedroom if needed... LP is far cheaper than using electrical heaters...
For electric generation, and for me, the best way to go is to use banks of 4 marine batteries hooked in parallel and run through inverters... Solar is really no good or WAY to expensive... (numerous reasons..there) I will be happy to describe how I do this in detail... Recharge by using generators.. And it works... Normal electric bill is about $40. per month...
@@robertprestonsr2453 Thanks for your idea. Stay Blessed. Peace.
Cash is trash buddy, you're losing money. XMR digital gold is where its at.
Cash is trash, but no to digital gold, buy Gold, silver, Food, land, ammo
EXCELLENT INTERVIEWING SKILL ON BOTH SIDES
I am navigating differently, however I was “stimulated” by this discussion. I am more concerned about a dollar crash than an equities crash, and my allocation reflects as much. Nevertheless, I enjoyed David’s hardball questions and Clem’s reasonable answers. It was more insightful than the title suggested. Bravo to Kitco for investing in David Lin.
The sole commodity to rise in value during a deflationary asset crash is CASH. It’s purchasing power increases in that environment. Think about that. After the 2008 GFC, the smart people bought houses for peanuts at that time. Don’t be a victim due to ignorance.
I'm only in cash and 5% bitcoin at this point. We'll see.
@1:55, 20% - 30% is just another day for silver.
Of course it will bounce.. could bo down again after that... dead cat bounce
@@jonthor2457 The way I see is that there is'nt really anywhere else to invest right now:
1) Low interest rates on bonds (with inflation you are losing money)
2) More cash then there has ever been with more cash on the way (Devaluation of cash)
3) Negative interest rates are already a reality in Europe, coming very soon to other countries
4) Property is likely to crash as unemployment continues to rise.
So surely undervalued stocks and metals is the best place to be right?
"I've cleared the decks... but I've kept the large bulk of my cryptocurrency..."
This is why he blinks so much.
David, great interview, as always. Really enjoy your style and depth of questioning.
The rich see economic crisis as a garage sale, that’s why investing right now will be the best decision...
BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD.
14days of focus and hardwork can put you many years ahead... I just got into bitcoin trading and investment and I made my profits wish I knew about this earlier, stocks is truly a life changer
@Elizabeth Martha You’re right ...thanks for introducing me to Expert Lucas
We’ve got to see people remain poor due to ignorance
you got to see unprofessional brokers but we still got lucrative and profitable professional brokers out there looking for investors
Man. This guy is saying what I thought when I pulled out in early August.
@Bob Donald 🤣🤣🤣👍
I tend to agree with him. Another "March" even is likely to happen and maybe worse. But gold and silver will recover so hold some cash to capitalise on that plunge
To capitalise as in "buy more"? PMs better than cash?
What do we think peeps? Extreme market timing seems like a great way to miss the big metal moves.
Of course he’s right: in the end, everything will crash....IN PRICE.
The question is: what will it be worth, i.e. what will be the VALUE of gold and silver versus stocks and bonds.
P.s. he says he’s “in cash” but for me precious metals are simply another form of cash. How will he measure the value of his cash after markets incl. gold have crashed?
Purchasing power of needed supplies.
Exactly, my guess is commodity based fair trade again?
@Jake Bullet I agree but in 1980 gold was $800 and in 2001 it was $250 so timing is important, the question is are we at the cycle low now or not ?
@Jake Bullet PMs are valued in fiat currency, everything will drop.
Yes, but if you don't cash in prior to the crash you will lose the purchasing power that'd be yours if you did. Let's say you have a value stock worth $100 pre crash which goes down to $60 in the crash. If you cashed in prior you can buy back the same stock and have $40 leftover to buy more or something else.
What I like is he is saying what HE did with his money, not telling you what to do with yours.
I hate the one's that say the market is going to do this or that or you should do this or that and don't say what THEY are doing.
Im guilty of that
we dont actually know wat he did wid his money ! just his words. Many of these so called financial gurus get paid to say things.
Thank you so much Clems, for your sincere advise.
Bravo for great and fearless content, fantastic interviews
Timing is everything....We still have an open window.... It's like trying to predict an earthquake, it's coming, don't know the hour....
This guy sounds like the Geico Gecko - rendering him extra credibility
A real trustworthy guy! 🤣
You are hilarious :)
Trading crypto currency is also a nice way to invest your money and savings to enable you change your life for the best.
In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency.
Crypto trading is a very lucrative of making money online at the moment.
It all depends when you ,,what year you converted you fiat into hard gold and silver,,like 1971,,2000 etc..
I don't think he's too far off. We all know the markets are overdue for a correction. He's talking "all cash" for a few months in case of a crash. If during this time there is a crash a digital currency takeover won't come that quickly...
He's divesting himself so he can pivot quickly.
What IF the prices of assets continue to slowly rise? He keeps waiting for a crash that never comes while holding fiat currency that keeps losing value... That's risky, too. Cognitive dissonance is a factor here. When will he realize that he was wrong and buy back in? When gold is $2,350/oz.?
@@TXLionHeart you can't always be right but if you are ....cha ching ....money talks!
@@TXLionHeart think he said if it didn't happen by Christmas or February at the very latest, it wouldn't happen
I feel like Clem Chambers is one of the sharper guys who has been interviewed by Kitco in a while. His answers were direct and concise, and if he didn't know about something he was quick to say that also. A humble sharp man! Thanks Kitco for the interview of Clem!!!!
@6:32 “cash is the only place to be in during a crash.” I assume that he’s not talking of physical banknotes stuffed in a mattress, but ‘cash’ in a bank account.
Well, good luck when your “cash” (= bank account) gets confiscated by the banks like it did for people in Cyprus. Your €100k will be turned into ‘equity’ in the bank and you’ll be lucky if you can keep 20-30% of your hard earned money!
If it's in your hand, it's Yours.
He didn't say where to store the cash. Of the larger asset classes, only Bitcoin (BTC) can be stored without third-party (including government) risks.
Bank Bail-ins are coming! You don’t legally own your money in the bank!
@@MikeVeracity Until China stops giving free electricity to the miners, then, no network. Or US bans bitcoin trading because of their new fed coin
But if you get "out" and the $ is going to get reset or receive a Bail-in too, wth did you do with your equity?????
He sold his equities and purchased them back at a 25 to 40 percent discount.
The next crash could be an L - shaped for equities while silver and gold snake up the ladder for say the next 4 years?
I feel the same way. We have just seen the equity markets correct themselves over the last four weeks. I think it's great as if they didn't correct then they may have popped. As for now it's a point in history that I don't feel confident in playing to hard.
I've cut back my equitiey portfolio to 303% and mainly holding mine stocks, then another 33% in physical Gold n Silver and the rest in cash.
I'd like to say I know what's going to happen but I can't so diversifying is all I can do.
This man is saying something completely different for everyone else I’ve heard on the subject, either he’s a complete genius or he’s delusional. With the current situation with the fed and the economy, cash is the last thing I would put my trust in. I’ll take silver and gold thank you.
exactly, always go with the mass mainstream , that's how everyone all become rich
@@usernamehyt silver is being used in almost all technologies and there’s a limited supply of it. Keep stockpiling that cash.
"Cash is the only place to be in- in a crash" -Clem Chambers 🌊🌊🌊 6:28
So cash in what currency?
After this is all over, do you think they're gonna ban trading on margin?
Yep.
I love the diversity of guests (with regards to their macro views) that kitco has on. Prevents me from thinking theyre just interested in having an echo chamber
Agree!
When you are in all cash, then hell yea you want the market to crash, so you can pick up cheap.
I think he’s right regarding a crash coming. However, I didn’t hear him mention anything regarding a a brand new financial system that is being implemented. He’s opinions and projections are based on the old system and I agree with him. I would like to know his thoughts on the new system. How much data of the old financial system transfers to the new system?
Stock market crash I believe will more liking be a transfer of institutional money to the digital asset and gold market. Just my opinion.
In this "New System" are the Wealthy suddenly not Wealthy and Powerful ?
Jay P the wealthy always get inside info. Unless you accidentally won the lottery, then you get left behind or get the news late because the typical financial advisor doesn’t know anything about what’s happening. I have several of them in my network and they’re clueless.
NOBODY talks about that. SUSPICIOUS? ISN'T IT? NOTHING WILL BE NORMAL FOR NORMAL PEOPLE EVER AGAIN.
The safest way to protect is to go buy physical gold and store it safely in your own house. This is also the only way gold cannot be manipulated down again because of physical shortage.
Maybe I’m old fashioned in this view, but doesn’t inflation depend on rising wages as well as prices? I fail to see any uptick in wages. Would like your thoughts on this.
I instantly fell in love with this guest!!!! He totally knows what he’s talking about. He sounds so knowledgeable! There’s something about him!
I agree.
"We are going to Mars"!!
-Peon Musk
If a crash causes silver and gold prices to plummet and physical silver and gold are not available for purchase, are ETFs a bad and risky alternative?
Eines der besten Interviews seit langem!!!
today - "all markets, even gold will crash"
tomorrow - "gold to hit $2500 by november"
Spot on...
@@tonysmith5812 90% of the time its both. gold will go down $100, then come back stronger later on.
Gold is valued by the derivative, upside down,cash to stay high,gold to tank
@@seanorourke7011 and if there is a crash, inflation will bring it back up. theres a reason why gold hasnt gone back down to $20 / ounce.
Everyone I hear is in "buy the dip mode on gold" so I don't see how it cannot bounce quickly in case of a drop
Yeah, no. Fiat is in its death throes. I'm all in on silver and crypto.
good luck with crypto man I hope both work out
@Ken Semotiuk Fedcoin is US only. XRP is a global currency bridge. Think big and do some research, sir 😊
@@snbi2nd117 good luck to you, too! This is a perfect storm, great opportunity to make money!
@Ken Semotiuk then you must not like making money. I've been doing great with crypto. If you enjoy having your money sit stagnant in the bank, not working for you, then you actually should be doing some research. Savers are losers.
Terrible time to be all in .... that time was In March
ALL CASH MASTER RACE! on a serious note, ofc they're about to crash as soon as the markets realize that no stimulus bill is going to come any time soon, perhaps 1 week before the election give or take. Either way, we'll be here waiting for those juicy dips. Happy investing.
David, you ask great questions. It’s easy to see your homework is extensive, thank you.
The only problem, that everybody is counting still in dollar value. Start counting in gold and silver value finally and you will never worry.
Gold is only worth what someone will pay for it just like anything else.
Everyone is calling for inflation. I doubt it will happen like everyone anticipates.
@@quanzi30 Exactly as dollar. That's what I'm talking about. You are thinking in dollar too, because it's programmed into your brain very well. Only a question of a mindset, what people consider as money and it can change very fast.
Cash is going to crash too. You need gold and or goods.
We will be using cash as fire starters soon enough! All the money they have printed this year will send us into digital currency sooner rather than later now. Banks will start the transition with digital wallets the start of the year.
Just where will cash be held if banks etc collapse bearing in mind the guarantee limit of UK gbp80,000 only ?
Great interview! Clem is the first expert that clearly addressed the sequence of stock market crash vs inflation and the safest approach to conserving wealth. Stock market crash first in a short period of time, inflation spread out therefore cash being safest prior to crash.
Regarding inflation, I agree that currency going directly to the people means it'd be spent on actual goods but the question is, would people actually spend it. For inflation to happen there must be money velocity in addition to printing. Having said that, with digital currency in place the government could channel the spending quite easily with negative interest rates on the deposits, regulations as to where the money can be spent, or both.
- How to lose your wealth?
- Sell everything and stay in USD.
he is talking short term. did you not hear him talk about about inflation
Or, throw everything into Bitcoin only to find out that no central bank ever allows its widespread use.
With physical metals you have the problem with the premiums. Physical silver was more expensiv in March than today.
But compare. Silver 12 and premium was 17 . Now, it is 24 and the premium is 27. I will take 17 everyday.
@@NGUSA1 Correct, and the market determines 'true price'. Anything is worth what the market truly bears.
What does he say will crash? Gold or stock market?
Yes we are on a financial roller coaster, but I would rather have invested in metals while that were still available and a little more expensive than risk trying to get them later and being shut out of the market. The buying price difference won't mean anything when gold gets revalued to $30-$50k. Ask yourself what else would rather be in? I keep a bit of cash liquidity on hand as well to take advantage of any big dip coming to put up into crypto and mining stocks. I missed march' drop...
let me know when it Actually happens