Shervin Pishevar thinks that gold is a good investment in the short term. This is one of the nuggets of positive information I was able to glean off of his latest Twitter rant. The rant lasted a little less than 24 hours and nobody is really sure why the former head of Sherpa Capital took to Twitter so aggressively.
But I’m going to take advice where I can find it. Shervin Pishevar has built empires based on his knowledge of the economy and some of this information is actionable. He believes that gold is going to rise in value as the stock market collapses more than 6,000 points. This dire prediction can actually make an investor a lot of money.
Most people do not know that they can make money off a downturn in the stock market. You can invest in safe bets like gold when the economy collapses. You can also bet against the stock market and make money when everything tanks. And Shervin Pishevar believes everything is about to tank big time.
I would advise pulling your money out of Bitcoin. He believes the cryptocurrency is about to crash down to the $2000-$5000 range. He also believes that Bitcoin will continue to rise slowly over the next two years. I would wait for the currency to collapse before buying up as much as I could so long as I had the money to make a long-term investment.
I would be pulling my money out of bonds and equities, as well. Shervin Pishevar predicts that these two markets will become extremely volatile with the bond market trying to rally after the stock market collapses. It will do so for only a short period of time before it and the equities market collapse. He believes that this is all due to the president’s trade wars.
It seems that Shervin Pishevar also recommends pulling investments out of Silicon Valley. He believes that innovation has stagnated in the tech valley and that others will innovate beyond their comprehension. Innovation, he says, is a borderless idea and not confined to a geographical area.