Billionaire Ross Beaty On Skyrocketing Gold & Silver, Chaos And Collapse (Podcast)
Billionaire Ross Beaty On Skyrocketing Gold & Silver, Chaos And Collapse Podcast from King World News
Today billionaire Ross Beaty, Chairman of Pan American Silver, spoke with King World News about skyrocketing gold and silver prices, chaos and collapse as well as China’s coming gold-backed currency and more in this powerful interview.
Gold, Chaos And Collapse
September 12 (King World News) – Billionaire Ross Beaty, Chairman of Pan American Silver:“We have been on a secular bull run (in gold) and we’re very much into that right now. It’s a very, very good time to be in gold to some degree like the 1970s because of all of the chaos that was going on (which is very similar to what we are seeing today). And the fact that we have a different monetary paradigm today, it seems like the central bankers have lost their brains and they are flooding the world with paper. They’re trying to juice growth again because of COVID and it’s just not working, and it’s not going to work.
And so we’re going to end up with the same sort of collapse and chaos, added to all of the civil unrest and the turmoil in the US election cycle right now. It’s just a strange world and there are a lot of weird things going on, and I know how it’s going to end on the monetary side but I just don’t know how it’s going to end on the political side.”
This Time The Bubble Is So Much More Epic
Eric King: “Ross, you and I have been around and we’ve looked at bubble markets many times go up and collapse. The one in 1973-1974, I remember one of the veterans describing it well, that you would get up, the market would go down one percent each day and then you would go home. And I think the stock market was chopped in half back then. But this time around the bubble is so much more epic. If you and I sat down and looked at how manic things were in the stock market back then (leading up to the 1973 collapse), it’s not even close to what we are witnessing today.”