Soar Financially’s Kai Hoffman interviews a lot of big names, but his specialty is junior miners. Check out his Hear From The CEO and Live Onsite series. When he’s not making videos, Michael Douville runs a real estate investment company. So in our talk, we focused on the coming housing/commercial real estate bust.
Well here is a not so hypothetical, hypothetical for you:
Your country is struggling due to high debt levels and high interest rates. Your economy is heading into recession and your currency is under pressure. What do you do?
To support your currency:
Do you sell your US bonds to prop up your currency? Your bonds are down 40 percent but are currently earning 5 to 8 percent (depending on risk tolerance).
OR
Do you sell your gold, something that has held up fairly well but zero cash flows?
Interviews with Soar Financially, Michael Douville, Liberty and Finance, FSN, and Collapse Life
Well here is a not so hypothetical, hypothetical for you:
Your country is struggling due to high debt levels and high interest rates. Your economy is heading into recession and your currency is under pressure. What do you do?
To support your currency:
Do you sell your US bonds to prop up your currency? Your bonds are down 40 percent but are currently earning 5 to 8 percent (depending on risk tolerance).
OR
Do you sell your gold, something that has held up fairly well but zero cash flows?
Seems like a no brainer to me.
Thanks for the shout-out, John! It was a pleasure having you as a guest!