Bonds Next Killing Field of Investments-Tom Cloud
Hard asset expert Tom Cloud has more than three decades of hard asset experience and more than 2,000 high-net-worth clients. Cloud says the rich are putting “45% of their wealth into hard assets” like gold and silver. Cloud says his clients “. . . fear there’s going to be a new currency . . . they know gold will win no matter what.” Cloud’s clients think the dollar’s days are numbered as the “petro currency.” When oil is traded globally in other currencies, Cloud says, “The dollar is going to fall off the table, everybody agrees on that.” Cloud thinks that could happen in less than “18 months.” When the dollar plunges, interest rates will spike, and Cloud predicts, “Bonds are the next killing field of investments.” Cloud is confident, “Gold will double in less than 4 years.” According to Cloud, supplies of physical precious metals are beginning to get tight, “especially silver bars and U.S. Silver Eagles.” Join Greg Hunter as he goes One-on-One with Tom Cloud of Cloudhardassets.com.