Tony Robbins, one of the world’s leading performance coaches and motivational speakers, recently warned about the risk of dollar devaluation and the benefits of owning gold.
Robbins spoke about the importance of getting good financial advice from people who predicted this crisis and have made money for their clients in recent years, such as Marc Faber and Kyle Bass.
Faber and Bass are bearish on paper currencies and government debt, and are bullish on gold and silver bullion, due to the global debt crisis and the appalling fiscal state of Japan, the UK and the US.
Faber advised investors to buy gold as long ago as 2001; he believes that gold will rise in all economic circumstances—inflation, stagflation, recession or depression.
Bass made a fortune in the US subprime collapse. Now he’s positioned for the collapse of entire countries, having bought credit default swaps on Greece, Ireland, Italy, Spain, Portugal and, interestingly, Switzerland.
Robbins shares the concerns of Faber and Bass regarding sovereign defaults, and is concerned about the risks of a US debt crisis and the risks that it poses to the US dollar.
Robbins is a positive person, not a fearmonger, and he rejects the view that gold bulls are doom-and-gloomers who hope the world’s financial and monetary system will collapse. The majority of people who buy gold realize there is macroeconomic, geopolitical, monetary and systemic risk in the world and they buy gold as a store of value.
Robbins has a massive international following, and his endorsement of gold as financial insurance is significant.
To read Michael O’Bryne article: Anthony Robbins Bullish on Gold – Faber and Bass His Financial Gurus
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