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What's ahead for gold?

Robert Wiedemer

Aftershock Book

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Video Transcript

Well, what's interesting about gold is, I talk about, we had a virtuous cycle of bubbles interacting to push the economy up and now as they're starting to pop it’s become a vicious cycle of popping bubbles pushing the economy down. On the flip side of that, we're sort of developing, what's in a sense, a sort of interactive set of bubbles pushing gold up. That will all interact with each other, a falling dollar, a falling stock market, a world economy that's in trouble, pushing even more world investors into gold who are already inclined to invest in gold in the first place. See you've got that same sort of virtuous cycle now of (I won't call it bubbles but you can kind of look at it that way) factors that are working together interacting to push the price of gold up. That's going to be one of the key reasons it's going to do very, very well.

I think we're going to see a massive movement towards gold and I think it's going to be viewed as the future's safe haven.

Related quote from his book:

"Gold is an excellent investment for these crazy times because it takes advantage of both the falling stock market and the falling dollar, as well as the overall falling world economy." (AFTERSHOCK, page 138)