Gold, Stocks and Real Estate: A 2020 Forecast

Nick Barisheff met with Robert Kientz of Gold Silver Pros, and fellow Seeking Alpha author, for his thoughts on the economy and the major investment asset classes . Their conversation included the following key topics:

Investment Classes:

• Discuss how GLD fund shares do not provide real claims on gold, and further how the fund uses leased gold whose ultimate owner is not the fund itself.
• Discuss the average investor portfolio in 60/40 stocks and bonds and what risk that brings in a deflationary market.
• Discuss the opportunity that mining stocks and REITs will present after a stock market crash.
• Discuss why he believes we will hit $3000 gold year end.
• Discuss his 20 year relationship with Scotia and their surprise closing of gold trading desk this week, and how that will affect gold trading.

Economy:

• Nick provides his feedback on how jobs will extend losses to many areas within the economy.
• He shares why he believes commercial rental property will end up in a bloodbath.
• We are in a triple bubble of real estate, equity, and bonds which is the first time this has occurred in his 40+ years in the market.
• Nick believes that the next leg down in this market will be bigger than 1929.
• Nick sees a pending derivative led insolvency at Deutsche Bank and HSBC. These banks cannot be bailed out due to out-sized derivative exposure.

Listen to interview