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Taleb: Gold and copper may "rally massively" in coming crisis
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Thursday, May 07, 2009
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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...

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Topics: Gold | Inflation | Currencies
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