He said, “What you don’t spend is your savings, that’s your capital. But when governments print too much paper, it dilutes your capital. It diminishes it and you lose. It’s expressed as higher prices.
When more paper money chases the same goods and services, prices have to go up by the law of supply and demand. So I predict inflation ahead…
How do you protect yourself from it?…The answer is to own hard assets, and that is what I call, gold, silver, platinum, and palladium, maybe even land long-term—and especially coins, because you can move them.”
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