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Taleb: Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper

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George Washington Blog
Thursday, May 7, 2009

Investment advisor, risk expert and “Black Swan” author Nassim Nicholas Taleb said today:

The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent …

The global economy is facing “big deflation,” though the risks of inflation are also increasing as governments print more money…Gold and copper may “rally massively” as a result…

“We’re going to get to the point where recovery is just not soaring and they’re going to do the same again. We’re going to have a very slow recovery from here.”…

Gold, copper and other assets “that China will like” are the best investment bets as currencies including the dollar and euro face pressures…

Note: Numerous other experts agree with Taleb that this is worse than the Great Depression.

I am not an investment advisor and this should not be taken as investment advice.

This article was posted: Thursday, May 7, 2009 at 10:16 am

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