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Will investors be hit as hard in the "Aftershock" as they were in the Great Depression?

Robert Wiedemer
May 12, 2010
Video Transcript

Again, one of the great things about the "Aftershock" that's so unlike say crisis in the past, if you want to say a tulip bubble or a south seas bubble, this is very different than the depression or anything like that. There is a good alternative to make money. So many times the key was to just pull your money out. As they sometimes say Charlie Merrill said, "Pull your money out of the stock market in 1928." It was a smart move, but Charlie had nothing to put it in. Now we have got something to put it in that can actually go up. One of those things is gold. It's very simple and it's very easy. Yes, there are other investments that I think will go up, but one of the simplest and easiest is gold and it will go up a lot. So it's much different from past crisis and there really was no other option other than to just pull back, batten down the hatches, and protect yourself. In this case, you should protect yourself, but you can also make a lot of money. That's one of the wonderful parts about what's coming in the "Aftershock."

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