“Ready to buy more gold, silver, bitcoin, real estate after the crash has crashed,” he said later and his followers anticipated “stay tuned. Be careful.”
These statements are in addition to those of Michael Burry, the investor of ‘The big bet’, who warned that speculation reached all-time highs.
The owner of the Scion Asset Management fund recently expressed concern as he saw how inflation in company valuations is outpacing the dot-com bubble.
“More speculation than in the 1920s” he said and expanded: “More overvaluation than in the 1990s.”
“We have never seen anything like this,” said legendary investor Jeremy Grantham, for his part. The 6.2% rise in the consumer price index in October “would have been enough in any market since 1925, to have collapsed the market,” said the giant’s value investor and co-founder of GMO.
Source From: Ambito
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