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What is the likelihood of a serious economic “Aftershock” and when do you think it will occur?

Robert Wiedemer
July 29, 2014
Video Transcript

It will happen and that's how I look at the "Aftershock" is that at some point it will happen. It is only a matter of time and magnitude. That's why something like gold makes a very good investment. Nope, tomorrow, next year, it can go down, it can go up, this year it's done very well, but overall it's ultimately protection from what will be a near certainty of an earthquake. It's not a percentage chance like, well gee if I invest in this maybe 10% chance it will be valuable. No, I think it's a near certainty, because the pressure is building in the economy, just like the pressure is building underneath Southern California will ultimately cause an earthquake. The same thing is going to happen to the economy. So I think it's a very, very good long-term investment and I don't think it's that long-term, but ultimately that's why you need to have it now. It's the same reason you have building codes that protect against earthquakes that are very expensive, let's be real, they do cost money, but in the end they're going to save you a whole lot more and make you a whole lot more money than you're going to put into them. Same thing is true with gold.

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