U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’

The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with #gold, said Yaron Brook, managing partner of BHZ Capital.

“[Hyperinflation] is quite unlikely because we know how to deal with inflation, we know how to stop it, it’s just very, very painful. I think what we’re really in for is a very long period of stagnation, maybe combined with inflation, maybe now. One thing we’re not going to see is significant economic growth,” Brook told Michelle Makori, editor-in-chief of Kitco News.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Yaron Brook on Twitter: @yaronbrook (https://twitter.com/yaronbrook)

0:00 - Direction of U.S. economy
4:15 - Inflation and the U.S. dollar
7:34 - Assets to buy, assets to avoid
8:44 - Bitcoin as a store of value
9:27 - Gold as legal tender
11:00 - Central bank digital currencies

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