“Start Buying These Assets To Survive…” – Dave Collum
Dave Collum explains why he believes today’s markets are dangerously overvalued and built on unsustainable complacency. He discuss the “everything bubble,” the Fed’s limits, consumer debt, passive investing risks, and why platinum may be the most undervalued asset today.
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CREDIT:
Dave Collum –
Twitter – https://twitter.com/davidbcollum?s=21…
Year in Review – https://peakprosperity.com/2022-year-…
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16 Comments
So your advice is to go to cash? 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
wow, another boomer who doesn't understand how his generation screwed all the other generations and generated a ton of inflation, which is causing the stock market to rise and then complaining about it
So if assets drop, does that mean groceries utilities cost of living drops too, if so then thats fine.
Buy what ??? Whining
Clickbait crap!!
When you have wealth concentration in corporations and individuals–hey, they're the same thing, remember?–they have to put the money somewhere. They buy the market, they buy the public land, they buy the houses, they buy the water, they buy the politicians (yes, an asset class now if you think about it), they buy…everything. Throw in some money-printing which allows them to capture more and more as a percentage of the total pie even if the rest of the population simply holds what they have, and it's a death spiral.
Yea
IMO, it's all a function of the increase in money supply. Forget the numbers they tell you for inflation. Just use the change in money supply instead. Its really the increase in currency supply, but because that's what we pay in, that is the real inflation rate. Now apply that percentage as the inflation rate and recalculate your returns and what you need to make to break even after all the taxes. I think the bubble bursts when they can't pay what they owe without just printing it, and I think that's just what they will do because all the other choices are even worse than having to understate the inflation and COLA increases. In the end, the vast majority who thought they'd be Ok will be eating oatmeal, peanut butter and rice and beans, and riding bicycles or walking if they still can, or waiting for a bus if not.
Sooooooo many doom and gloom vids about the economy/markets crashing—that's how I know we are no where near the top….LMAO!!
what a loser😂
He saying gld and sil are also in a bubble
I here fighter jets overhead I think I know where they are going. I live near an airbase.
Here you go-Pay off debt, build a cash emergency fund, convert a percentage of your monthly fiat into precious metals. Worth noting is the average take from a U.S. bank robbery is between $1,000 to $4,000 and is a federal crime. Residential burglary and robbery for precious metals (even wedding rings) is on the rise due to the increase in value and lower criminal penalties if caught. A book called Dealing with Burglary and Home Invasion Robbery may help in lowering your odds of becoming a victim.
WHY WAS THIS POSTED? It’s just a grumpy old man griping and complaining, there are No actual recommendations. What a waste of time.
Start Buying These Assets To Survive..>>>>>>>>> what assets…. ????? All i heard was a bunch of complaining…… WASTE OF TIME
Most Americans can’t decide what restroom to use….stay divided….