He didnt answer the question though he answered to suit his line of business. You know this because if he was impartial he would answer the question first and then give his subsequent theories on a more suitable alternative. I’ve watched enough financial literacy related content to realise when it’s being done.
Ecclesiastes 11:2 "do not put all thy eggs in one basket" Immediately hes giving sound advice to look at history. The biggest pitfall i see from professional snd retail investors sloke is recency bias. Hes right on the ~90 year cycles as well. The rest is a bit extreme to suspect the devaluation in the pound will happen all at once, but based on history there is a 98% chance of devaluation, and 2% chsnce of default. Based on his predictions the advice should be to plant potatoes and buy bullets. Your gold/assets will quickly become someone elses if not. Pretyy With investing you need to diversify. Most people get confused and think this means to increase the number of holdings, this is incorrect. You need to hold a basket of a select few non correlated holdings which produce positive returns. Stocks and bonds are generally positively correlated over time if you use a decent amount of historic data. Alternative assets are key. Property is not a true diversifying asset as it is positively correlated with financial markets. Even most professionals are mostly selling stocks and bonds balanced shite - this combination won't protect you like true diversified assets will.
This Guys really interesting. Would love to hear more of what he has to say. Especially as I'm quite heavily invested in the S&P500 and various other global investment funds. 🤷🏽♀️
