Silver Price Will 10x SOON Because of This

Peter Schiff - How Far Will Bitcoin Drop. The Price Of GOLD Is Rising!

The one asset class that I really want to focus on today is Bitcoin and cryptocurrencies in general, which really crashed today. Now that doesn't mean, I think the bottom is in. It's not, but we certainly got. A short term capitulation type sell off, which is something I have been anticipating and warning about for the last couple of weeks on this podcast. As I've been watching Bitcoin carving out a classic head and shoulders top, and to me, there was an extreme amount of complacency. In the crypto community with respect to this ominous technical side. And it seemed pretty obvious to me that we were going to get a pretty big sell off. And we did. We got the whole thing today. In fact, the big drop happened between about I think eight 30 and nine o'clock in the morning. Eastern time. That's where Bitcoin fell from about 38,000 to about 3000 within a half hour. That is a 20% decline in one half an hour. I mean, one thing that today's action should do once and for ...

It's Going To Get Much WORSE From Here - Jim Rickards

Well, uh, they're, they're com things. I have a whole chapter on, um, you know, kind of investment suggestions, portfolio allocations, and all that. Uh, but, uh, the, the main thing to do is a couple of things to, they're almost constant, not quite cause it's not a set and forget a type portfolio, but you definitely, you definitely want a 10% gold. And whether it's. You know, physical bullying or, you know, some kind of fun. I, I recommend physical bullying, but, um, you know, if you have an ETF for something, at least you get price, exposure, um, gold mining shares, and you look at silver might have some of that, but I just don't recommend, um, a big slug of cash, maybe 30% cash. Um, I recommend lightening up on equities and the equities have a lock for the default. There's been a spectacular rally from March 23rd to September 2nd. We had one of the, we had the shortest bear market and the fastest returned to a bull market in history. But, uh, it doesn'...

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