It’s easy to dismiss Max Keiser. In fact, pretty much of North America’s media do. He has even been called a traitor for painting the economy in such a consistently negative light.
But he does have a huge audience, mainly through European media plus, of course, YouTube.
And it would be a mistake to dismiss him too quickly. He is a wealthy man, having made his money as a trader, investor and successful entrepreneur. While we might not have a lot of respect for traders, we should always respect self-made entrepreneurs. (Unlike traders, entrepreneurs face a big downside. They could lose everything.)
Mr. Kaiser makes the same point. Central banks are at the center of what happens in the world’s economies. And when their instinct drives them to buy gold – which they are doing right now – then it’s a fair indication that their confidence in world economic growth and the U.S. dollar is low.
In other words, do what the central banks do. And right now, that means you should be buying gold.
The interview below was recorded a few months ago now, but all the factors he mentions are still in play. In fact, things have become significantly worse.
Happily, right now, gold prices have taken a dip and you can buy gold for a price that is lower than it was exactly a year ago.
This kind of dip in gold prices is now a fairly rare event, and should be viewed a s signal for gold owners to buy.
Watch the video, and then shuffle some money around so you can buy some more gold before the price begins to rise again.
About the author: DH Kenrick is a student of world economics and a committed gold enthusiast. Follow me on Google+
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