$20K Gold Is Still to Come

Casey Research published an interview with economist, professor, and financial advisor, Krassimir Petrov, who is a long-term precious metals bull, like Peter Schiff. While Petrov believes gold’s correction is ongoing (meaning it remains a great time to buy), he argues that this is just a temporary setback in a huge bull market that will last much longer than mainstream analysts predict.

“First, I do expect that the stock market is going to lose significant value over the next five to ten years. Second, I believe that real estate is still grossly overvalued; as interest rates eventually rise, real estate will fall hard—overall, it will not hold value well. Third, I also believe that bonds are extremely overvalued and that yields are extremely low. I expect interest rates to begin to rise and bond prices to fall, so I strongly discourage investors from staying in bonds. Finally, I expect that governments will continue to inflate, even though it doesn’t work, and that currencies will devalue.

I strongly encourage investors to stay out of all four of these asset classes. Investors should be staying well diversified in commodities. They shouldn’t ignore food—agriculture. They shouldn’t ignore energy. But their portfolios should be dominated by precious metals.”

Read the Full Interview Here

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