Part 8/13:
He also warns against hoarding gold blindly at home, citing risks of theft, confiscation, or natural disasters. Instead, diversifying assets—especially silver and copper, which are more tradable—can facilitate transactional liquidity during turbulent times.
Recognizing and Spotting Economic Bubbles
One of the core themes in Low’s insights concerns identifying economic bubbles—overinflated markets that inevitably burst. He notes that dishonest banking practices—creating fake dollars and confusing inflation for profit—are at the heart of most major bubbles.