SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bull_dozer who wrote (188549)6/24/2022 2:40:02 PM
From: bull_dozer2 Recommendations

Recommended By
fred woodall
stsimon

  Read Replies (7) of 217553
 
Billionaire investor Seth Klarman touts gold, blasts crypto, and questions the Fed's resolve in a new interview.

Seth Klarman trumpeted gold as a haven asset, dismissed cryptocurrencies as dangerous and pointless, and predicted the Federal Reserve would back down from its inflation fight

1. "The kitchen-table reality for people is the cost of meat is up 10% or 20%, and the cost of driving a car is up 30% or 40%. These are nasty, massive increases now." (Klarman was underscoring how inflation is hitting Americans consumers.)

2. "The market has come to believe in an omniscient Federal Reserve, and it's no such thing. These guys don't really know what they're doing in any deep way. It's a giant financial experiment, and we're at the mercy of their experiment that maybe is right now in the process of going wrong, so God help us."

..
..
6. "I'm a fan of gold. I think gold's valuable in a crisis. If the world turns to hell, the war expands and gets worse, God forbid a nuclear weapon is used, I think people are going to say: 'How do I know what anything's worth anymore? I'm going to make sure I have some gold because I don't want to not have money at a time of desperation.' It may never come to that, but I think it's prudent to have a little bit of your portfolio in gold."

7. "I can't see the point of crypto. It has this feel to me of being like catnip for techies. Why do people need 10 or 50 different cryptocurrencies? I don't get it. I don't think anybody needs to own it. It just seems to me that it could end up very much in tears. (Klarman suggested virtually all crypto could end up worthless.)

markets.businessinsider.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News