Tuesday, August 23, 2016

If You Aren't Scared,
You Should Be
"I’m not surprised because I think a lot of people like us see what’s going on in the world and it scares them. When you see a German bank a couple of weeks ago saying that they are going to start charging depositors of more than 100,000 euros a fee of up to 40 basis points, which is where the ECB has their negative deposit rate, then that’s scary to people. So I applaud people who are, from an investment standpoint, buying more gold because that’s their best defense against against this monetary mayhem that we’re living through. I’m still extraordinarily bullish on gold and silver. Anybody listening to or reading this knows the reasons why. I’m convinced that we saw the bottom late last year. The catalyst this year is the fact that there are multiple signs beginning to buildup that central bankers are losing control."
- Peter Boockvar
link here to the article

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