THE next financial crisis will be worse than the collapse seen in 2008, and investors should seek shelter from the storm in precious metals and crypto currencies, according to an analyst who has predicted a triple market burst.
Mike Maloney said housing, bond and stock markets are now in for a big fall, after forming an ‘everything bubble’ which will have devastating effects when it bursts.
The crash will push investors into gold, silver and the likes of bitcoin, according to the gold analyst.
House prices across Britain and in other markets including Canada have surged since the financial crisis, which is set for a correction, believes the analyst.
Several measures also point to inflated stock and bond markets.
And money-printing programmes used by central banks in the US, Britain and Europe at the height of the last financial crisis is set to make the next crash far worse.
He said in a video: “I believe that there is something very big and very dangerous coming at us, very fast right now.
“And I want as many people to be as prepared as possible.”
“This is the first-time in history that there has been an everything bubble.”
Mr Maloney added: “Back in the year 2000, it was stocks. In the year 2008, it was stocks and real estate.”
“This time it is stocks, real estate and bonds.“
Full article: Financial Crash Warning: Markets to ‘be hit’ by triple collapse ‘worse’ than 2008 crisis (Express)