Brian Hirschmann on Palisades Gold Radio
Tom welcomes Brian Hirschmann, Managing Partner of Hirschmann Partnership, also also considered by ValueWalk to be the “World’s Most Bearish Hedge Fund.” Brian discusses how all the bubbles have only grown in recent months, but their gold investments continue to perform very well.
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Brian discusses how the US has crossed the 130% GDP to Debt level and last year, and they reviewed past outcomes of countries at these debt levels. The conclusion from the study was that default would be all but inevitable. Warren Buffet said recently, “If governments could always borrow at negative interest rates, it would have been discovered 2000 years ago.” People today have too much faith in the government’s ability to borrow.