Fitzwilson – The Entire Planet’s Financial System is at Stake
February 15, 2012
With gold, silver and stocks on the move, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. Fitzwilson told King World News this time around, versus the 1970s, the situation is orders of magnitude worse because it’s the entire planet’s financial system that is at stake. He also believes we will eventually see panic. Here is what he had to say about what is happening: “The system is structured for chaos. The average holding period on stocks, in mutual funds, has dropped from ten years to two months. People have become speculators, but they just need to get back to investing.”
Robert Fitzwilson continues:
“I’ve been doing this for almost 40 years and this is an incredibly dynamic situation, but investors need to have a long-term view. Unfortunately, because of the mainstream media, people have adopted a trader’s mentality and that’s ultimately destructive. I would describe our approach as being one of a turtle because we believe there is going to be this massive transfer of wealth, from paper to real assets.
Investors need to have a large percentage of their assets in things that will survive and also prosper during this wealth transfer period. There is a wealth transfer going on, all the time, when you print money….