Mother of all bubbles will pop, no fast recovery in sight; Gold to hit $4k? – Peter Grandich

“I’m going to own more cash than anything else between now and the end of the year,” financial advisor and market commentator Peter Grandich of Peter Grandich & Company told David Lin, anchor for Kitco News. Grandich discusses why we are currently in the “financial bubble to end all bubbles.” Follow David Lin on Twitter: @davidlin_TV () Follow Peter Grandich on Twitter: @PeterGrandich () 0:00 - GOLD AS STORE OF VALUE? 6:46 - HE MOTHER OF ALL BUBBLES 8:29 - U.S. TURNING INTO JAPAN IN THE 1990S 11:07 - MAJOR PROBLEMS FACING THE U.S. 13:12 - DEBT CEILING DEFAULT? 14:43 - CASH VS. INFLATION 16:06 - GOLD TO REACH $4,000 19:05 - HEDGING STRATEGIES 20:44 - HOW TO PRESERVE YOUR WEALTH 23:07 - FOREIGN STOCKS VS DOMESTIC STOCKS __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting in