We are in uncharted waters and history shows that these times are not about trying to make a fortune but about trying to preserve your position, says Simon Mikhailovich, co-founder of The Bullion Reserve. In this interview with Daniela Cambone, Mikhailovich urges investors to be prepared and have access to the means to buy cheap assets when other people don't have liquidity. "For me, this is not a time to be a hero, but it's time to preserve and protect," he said. Mikhailovich makes the case that although the price of gold is under pressure, its value as insurance is rising. He sees the yellow metal as one of the best forms of insurance: "There are times when you should worry about return on your capital and there are times when you should worry about return of your capital." Video by Stansberry Research.
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