Willem Middelkoop on gold, Bitcoin and the 'Big Reset'

Saving is no longer safe and rising stock prices are increasingly the result of inflation. That is what Willem Middelkoop recently said in a broadcast of RTL-Z. He sees the ever-rising stock prices as the beginning of possible hyperinflation, especially if governments and central banks continue to stimulate. This creates a flight from currency to stocks and other tangible assets.

The corona pandemic has triggered major movements in the economy and the financial system, movements that will have consequences for the purchasing power of money. In normal times, the stock market is an indicator of the economy, but now, according to Middelkoop, we have entered a phase in which prices are more a reflection of extreme money growth.

'The Great Reset'

According to Middelkoop, we are heading for a reset of the monetary and financial system. International organisations such as the IMF and the World Economic Forum are already giving signals in this direction. The last meeting of the World Economic Forum was held on theGreat Reset', while last year the IMF talked about a 'New Bretton Woods'. Middelkoop had the following to say about this:

"We're all getting signals from the biggest insiders that there are going to be very big changes. And then if you go to their websites and see what those changes are, it doesn't say that. But believe me, authorities are going to use this crisis to say: 'Without corona, the pension problem would not have arisen. Without corona, the dollar problem would not have arisen'. You can already hear it in the words of Klaus Schwab of the World Economic Forum: 'There is a small and closing window of opportunity'. They're going to blame corona for the fact that everything has to change now."

Saving or investing?

Middelkoop expects major changes in the coming years, such as the nationalisation of banks and pension funds in Europe and the introduction of a Digital euro by the ECB. It will also put an end to the dollar's role as the world's reserve currency, creating a new monetary order. According to Middelkoop, savers should therefore be on their guard. Due to the enormous money creation and a drop in interest rates to zero percent, you can no longer leave your money in the bank.

Middelkoop advises investing a quarter of the assets in shares, because they are seen as a kind of safe haven. In addition, he recommends 25% in physical gold and silver as a safeguard against a real crisis. He would also invest a quarter in real estate, although there have been periods throughout history when real estate was a less attractive investment. Finally, according to him, people could keep a quarter of their assets in cash, part of which in Bitcoin.

Willem Middelkoop on 2021: Gold, Bitcoin and the Big Reset

Disclaimer: Holland Gold does not provide investment advice and this article should not be considered as such. Past performance is no guarantee of future results.

This contribution was made from Geotrendlines