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U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’

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The U.S. is headed for insolvency and also financial decline, as well as the very best method to safeguard your wealth is with #gold, claimed Yaron Creek, handling partner of BHZ Funding.

" [Run-away inflation] is rather unlikely because we know just how to manage inflation, we know just how to quit it, it's just extremely, very unpleasant. I believe what we're actually in for is a long period of stagnancy, perhaps combined with inflation, perhaps now. One point we're not visiting is substantial financial growth," Brook told Michelle Makori, editor-in-chief of Kitco Information.

Adhere To Michelle Makori on Twitter: @MichelleMakori ()
Follow Yaron Brook on Twitter: @yaronbrook ()

0:00 – Instructions of U.S. economic climate
4:15 – Inflation and the UNITED STATE buck
7:34 – Possessions to buy, possessions to stay clear of
8:44 – Bitcoin as a shop of worth
9:27 – Gold as lawful tender
11:00 – Reserve bank electronic money

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U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’

The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with #gold, said Yaron Brook, managing partner of BHZ Capital.

“[Hyperinflation] is quite unlikely because we know how to deal with inflation, we know how to stop it, it’s just very, very painful. I think what we’re really in for is a very long period of stagnation, maybe combined with inflation, maybe now. One thing we’re not going to see is significant economic growth,” Brook told Michelle Makori, editor-in-chief of Kitco News.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Yaron Brook on Twitter: @yaronbrook (https://twitter.com/yaronbrook)

0:00 - Direction of U.S. economy
4:15 - Inflation and the U.S. dollar
7:34 - Assets to buy, assets to avoid
8:44 - Bitcoin as a store of value
9:27 - Gold as legal tender
11:00 - Central bank digital currencies

__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.