Time to Get in Gold, Stock Market Due for Major Correction | Nick Barisheff
The stock market’s upward climb can’t continue forever, and many investors are going to get hurt when its run eventually comes to an end. Speaking to the Investing News Network, Nick Barisheff said investors would do well to take a step back before it’s too late. Exiting the market might typically mean going into cash, but Barisheff pointed out that in today’s world investors need to go a step further due to currency devaluation — that means looking at gold, which should hold its own and perhaps appreciate.
0:00 – Intro
0:20 – Nick’s thoughts on gold so far in 2021
3:09 – Both inflation and stagflation baked in
7:51 – Stock market due for a major correction
12:48 – Fed is bluffing, plans not realistic
17:16 – Reviewing Nick’s US$10,000 gold call
19:32 – Will tech companies stockpile silver?
23:41 – Do your homework, don’t be complacent
25:03 – Outro