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Bo Polny-Dollars & Bonds Not Safe Haven This Crash
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Greg Hunter, Published on Feb 14, 2016
Financial analyst Bo Polny expects big losses in the bond market around the world. Polny explains, “How many countries are going to be happy about that? Now, you want to know why gold goes vertical? People are going to run from paper because the bonds that were safe havens in 2007 and the dollars that were safe havens in 2007, this time around, is the opposite. So, you don’t have safety in paper. You don’t have safety in the dollar. You don’t have safety in bonds this time. So, gold will be the asset class that everybody is going to run to.”
Is gold on the launching pad with the rocket boosters warming up? Polny says, “Yes, yes, there is very little time left. If you don’t act, and your money is in the stock and bond markets . . . a transfer of wealth is going to happen, and the date in October is not a crash. It’s something else. . . . Before all that happens, you are going to have markets collapse. We may have a little bounce in the markets, but that will be the final opportunity to get out. If people have not gotten out of their positions and done something with their stocks before the end of this month, February, it’s going to get ugly.”
The post Bo Polny-Dollars & Bonds Not Safe Haven This Crash appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/14/bo-polny-dollars-bonds-not-safe-haven-this-crash/
