What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations.

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

Something will break very bad.

When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.

When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive.