Kitco has monster boxes of Maple Leafs and Eagles at a price that seems cheap given the state of things...
Posted on 08/24/2021 7:42:48 PM PDT by lasereye
Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $137 billion DoubleLine Capital, says his number one conviction over several years is that the U.S. dollar will decline as a consequence of current economic policies, resulting in the U.S. losing its sole reserve currency status.
"My number one conviction looking forward a number of years — I'm not talking about the next few months at all, I'm talking about several years — is that the dollar is going to go down," Gundlach told Yahoo Finance in an exclusive interview.
It's Gundlach's view that the "places to be in the long-term" are emerging markets and "non-U.S entities." While Gundlach has already rotated into European equities, the investor expects to "aggressively rotate into emerging markets," but notes it's "too early for that right now."
"So the dollar is going down is another reason why ultimately — we touched on gold — I think ultimately gold is going to go a lot higher, but it's really in hibernation right now," he added.
The 61-year-old "Bond King" later highlighted that the United States' status of the global reserve currency is in jeopardy.
"The U.S. has enjoyed the status of sole reserve currency globally for decades, and it's an incredible benefit," Gundlach said.
He pointed that in the aftermath of the global coronavirus pandemic and lockdowns, China's economy has been "the strongest economy in the world by far." While U.S. GDP has "bounced back with a lot of consumption, a lot of that consumption is going to China".
"That's one of the reasons why China has such a strong economy. So, what we're seeing in the United States is starting to fall behind in economic growth. That's not a new thing. That's been going on for a generation, the U.S. falling behind," Gundlach said.
(Excerpt) Read more at finance.yahoo.com ...
Biden was a really weak candidate … surrounded by a really powerful vote fraud machine.
He even bragged about it.
Kitco has monster boxes of Maple Leafs and Eagles at a price that seems cheap given the state of things...
I would put it into bonds instead if you’re looking for a safe harbor. Gold and silver have nowhere to go but down. Yes, we have price inflation - but we’re in danger of monetary deflation.
Pat Buchanan has been predicting move to remove the dollar as the reserve currency for the last forty years.
Other countries have been trying to get rid of the US as the reserve currency for decades.
Momentum is a powerful force—and of course the other currencies are garbage just like ours...
These days the world economy will rise and fall together—and when it does crash it is gonna be epic—it could be days, weeks, months, years, decades—accurate predictions are way above my pay grade.
China and Russia are doing more than salivating over the nation that should be the global reserve currency. Needless saying China believes they should be.
$30 trillion in debt leaves a mark.
Crypto cuurencies are fiat on steroids. They are the purest fiats.
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