3 years ago
Moments of clarity in a sea of noise
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I believe we will have unlimited money printing in the next few years which will lead to hyperinflation. Thereafter we are likely to see a deflationary implosion. But if I will be wrong and severe deflation comes first, the world financial system will not survive. In that case, gold will become the only money available and therefore extremely valuable. Thus, physical gold will be the best protection both against inflation and deflation.”
Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.
Breaking the survey data down a bit further, we find that 34% of Americans don’t have a dime in their savings account, while another 35% have less than $1,000.