There will be very few assets worth owning when the “Energy Collapse” begins in earnest. Precious metals will be one of the few assets that will protect wealth as the U.S. and global oil industry disintegrates.
I had the pleasure of being interviewed by Doug and Joe Hagmann about the upcoming energy collapse at what that will look like in the future. Very few people truly understand how bad the situation will become as the low oil price continues to gut the U.S. and global oil industry. Oil is the lifeblood of our economy. In addition, a significant portion of the coal we use to generate electricity to power homes and business is transported by trucks constantly running up and down the interstates and highways.
I explained in the interview that 99% of investors have their wealth in Stocks, Bonds and Real Estate. These three assets will collapse along with the disintegration of the U.S. and global oil industries. The reason physical gold and silver will protect wealth is because they are stores of “Economic Energy”, while Stocks, Bonds & Real Estate are “Energy IOU’s.”
You can check out my interview with Doug and Joe Hagmann here: SRSrocco interviewed by the Hagmann Report.
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