Founder of Tocqueville Bullion Reserve Simon Mikhailovich says asset values and interest rates are close to 5000 year extremes. Mikhailovich says financial times are uncertain.
Current asset values are ultra high and interest rates are ultra low. Over the last 30 or 40 years, American’s income has increased nominally, but not in real value, Mikhailovich.
He says this may be the reason for the recent political divisiveness. Mikhailovich grew up in the Soviet Union. He shares how this experience helped him learn about preparing for uncertain times.
He said in the Soviet society, people had to rely on one another. The key to resilience is having relationships with those in one’s local community.
When it comes to financial preparedness, Mikhailovich appreciates gold because of liquidity, portability, and independence from the financial system.
- Source, Silver Doctors
