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Peter Grandich, one of the most popular investment authorities, interview Along with Kitco, he has 100% length in uranium, gold, silver and copper stocks. In his blog post, Granditch revealed that he had lost money and sold various positions to invest in Arizona Metals Corporation. AMC is currently up 8.36%.
Copper and gold prices are currently declining, but Granditch recently revealed that it wasn’t the cause, but the victim of a general sale.
Granditch also revealed that he would not consider investing in a cryptocurrency that he had previously called a 21st century tulip mania. Bitcoin is currently trading at $ 19,745, down sharply from a record high of $ 67,500.
Peter Granditch revealed last year that he wasn’t interested in owning common stocks, bonds, or cryptos. However, Grandich believes that blockchain technology has real potential. He believes blockchain will bring some potential companies like the dot-com bubble.
In an interview, Granditch revealed that the collapse of housing will be the next domino to fall into “all bubbles” after bursting in stocks, bonds, and cryptocurrencies. He expects 20% to 40% of housing collapses to progress rapidly.
He also answered concerns about the recession in the US market. According to Granditch, the United States is already in recession. Granditch is not alone in his prediction.
The Atlanta federal government has revealed that the GDP Now model showed negative growth of 2.1% in the second quarter. It turns out that GDP growth in the first quarter is already -1.8%. This shows that GDP growth has been negative for the second consecutive quarter. Most experts agree that this is the definition of a rule of thumb for recession.
Recently, Bloomberg’s recession forecast clearly 38% chance of recession within the next 12 months.
The content presented may include the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
