Jeremy Grantham, one of the founders of investment firm GMO, talked about investing in gold and silver as a hedge against inflation. Grantham, who had previously accurately predicted Wall Street’s great crash, the 2008 crisis, reiterated that he thinks the markets are “super bubble” approaching. cryptocoin.com We are giving the details as…
Grantham advises gold and silver
Grantham, co-founder of GMO, the investment firm that manages $118 billion in assets, says that for the first time in the US, all major asset classes have “bubbled” simultaneously. The name, who predicts that a great loss of value will follow after the bubble, thinks that in this case, the total loss of wealth in the USA can reach 35 trillion dollars. In addition, Grantham, who thinks that the US Federal Reserve does not understand this problem, pointed to large stimulus packages.
So, what should investors do to avoid distress? The GMO founder argues that investment advice should be made to equities in emerging markets. In particular, cheaper developed countries such as Japan recommend investing in undervalued stocks in their markets. On the other hand, stating that he prefers to keep some cash for the sake of “flexibility”, Grantham pointed out that he also likes some resources “such as gold and silver” for inflation protection.
However, emphasizing that a bubble has started in the commodity markets, he noted that oil and various precious metals are trading at levels above their normal prices. “As we saw in 2008, the combination of rising commodity prices and a deflating asset price bubble, as we have seen now, is a powerful attack on economic recovery and is guaranteed to cause great economic pain,” Grantham said.
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