Loading ...One of the smartest guys I know says==Gold projects to $11,000 and silver to as high as $500 over the next two years-
John Rubino WRITES=
It seems Sam Zell knows what to do. Who is Sam Zell? Rubino says, “Well, Sam Zell is one of the biggest real estate investors in the world. The guy has a history of being right at the big turning points…”
” He will build a massive commercial real estate empire with billions and billions of dollars of offices and shopping malls and stuff like that. Then towards the end of the cycle, he will start selling. He will basically get out at the peak of the market. Then the market tanks, and he buys back in. So, he’s a really good indicator of where the economy is going because he has such a history of being right. So, now, the guy is buying gold. I think this is the first time I have ever heard of him doing that. He usually just sells his real estate and goes to cash. Now, he’s selling out of some of his real estate, and instead of putting it into a bank, he’s bCAPT. HOOuying gold with it. This is a good sign from a smart guy…This guy is right so frequently, the fact that he is buying gold is a really good gold buying signal.”
Rubino goes on to warn, “I think the next stage in the market psychology is when people figure out there is no adult supervision left in these markets…”
” Daddy is not going to come home and fix this. We are at the point where there are no solutions,and that’s when things spin out of control…The Mad Max scenario is the extreme end of the spectrum of possibilities, but there can be political and financial chaos where something like the Great Depression or something like the Weimar Germany hyperinflation becomes a real possibility…This is beyond the ability of any individual to fix. We can’t save the system.”https://www.zerohedge.com/markets/daddy-not-coming-home-fix-john-rubino-fears-mad-max-scenario-ahead