By Daily Crux Editor Sean Goldsmith:
The "Black Swan Theory" preacher, Nassim Taleb, believes this crisis will be "vastly worse" than the 1930s due to the high correlation of worldwide economies.
"This is the most difficult period of humanity that we’re going through today because governments have no control," he told a conference in Singapore. "Navigating the world is much harder than in the 1930s."
The global economy is facing "big deflation," though we also face massive inflation due to government money printing. Gold and copper may "rally massively" as a result.
Taleb also said gold, copper, and other assets "that China will like" are the best investments to protect against falling currencies.
Read full article...
More bullish gold posts:
This group of people could push gold to $2,000 an ounce this year
China's big gold secret is out: Quietly building huge hoard since 2003
Jeff Clark sees best gold-buying opportunity of the year