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What can stock market investors do right now to protect themselves against yet another meltdown similar, or worse, to what was experienced in 2008?

Robert Wiedemer
October 6, 2015
Video Transcript

Well, I think there are a lot of people now who see the stock market as a guaranteed up. Just kind of like they saw California housing as a guaranteed up in 2005, right, and it still kept going up. What's happening now though is people don't realize why it has gone up, which I always point out. You know, that fake economy, that fake asset inflation based on a lot of money printing, based on a lot of borrowing, ultimately fails. Timing may not be exactly known. I don't know exactly when it happens, but it doesn't mean you can't start putting a little bit away now into something like precious metals, which will do very well... "if"... well I shouldn't say "if", but "when" that occurs, because it's really not an "if" it is a "when." I think just the constant of putting a 5% or 10% allocation maybe more is always a smart idea. It's good insurance. A lot of people have done that. People, who did that in 2000, because they were worried about what was going on, have profited enormously today. I think the same thing is going to be far more true in the future. Take some aside, you don't need to buy the bomb shelter and put all the money in gold, but I would take some of the "easy" money profits that people have made in stocks and put some of that in gold because... do you really think? I mean deep in your hearts, do you really think this is sustainable? I find when I talk to people they hope it is, but they're not sure. If you're not sure, get a little insurance. I think that will make a big difference in your life.

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