Why Guggenheim's Minerd Sees the Market as a 'Ponzi Scheme'

Jan.22 -- Scott Minerd, Guggenheim Partners co-founder and Guggenheim Global chief investment officer, discusses his concerns about rallying asset prices. He talks with Bloomberg’s Tom Keene and Jonathan Ferro at the World Economic Forum’s annual meeting in Davos, Switzerland on "Bloomberg Surveillance."

[abeybaby]

RIP Scott Minerd. Thank you for sharing your knowledge and wisdom with all of us. You will be missed.

[kludgedude]

I recommend a diversified portfolio of Ponzi schemes.

[lc]

Mr. Minnerd, Thank you for your brunt truth. Much respect to you.

[WorldReserveCurrency]

Wow... Minerd bullish on silver. Finally some damn honesty.

[thomastrefz]

RIP Scott you will be remembered for speaking the truth.

[banginghats]

Didn't expect to see this level of reality on Bloomberg.

[thatrandomchannel]

Talks about silver and gets cut off immediately.

[richardmarshall]

Great interview. Scott was one of the good guys.

[meehanasap]

This guy has been right on the whole time.

[markuslissheim]

Finally a sensible person that tells it like it is. Scott Minerd is absolutely right

[dang]

Silver is an awesome hedge against this bubble and a crashing US dollar :) great call Scott.

[SnackyBear]

My mouth just dropped when he said "silver"!

[requiem]

Decade long silver stacker here. I will be a liquid millionaire when the music stops. Laugh now, cry later. 😎

[stopasking]

One of the few guys I actually listen to . I got a lot of respect for Scott.

[lightningplus_]

06:36 ...What's the number-one convictions right right now for you 2020?

06:39 ...Silver...Silver is...Silver? why not gold? because when you look at the relative values of silver and gold silver today
is about let's say 60 65 percent below its prior Peak Gold is is getting very close to its prior peak and it go exponential
like we've seen in some of the non precious metals. I think there's a high probability of that...

[patquinn]

Mr. Minerd called it right with Silver, and he also got the FED bubble correct as well, however we will need to wait a few more weeks to see the equity bubble burst!

[Max-otvy]

Monetary banks all over the world are just exaggerating, normal work lost its value! Why don't they realize? Interest rates around 3-5% would be much more healthy for this society. Now we see stocks going up 1000% or more in 10years.

[TheMAC]

Cut him off on the silver speech trade because you can't let us know when they are getting in. If he said silver, they are already in accumulation stage a few months ago.

[mktwatcher]

I admire Mr. Scott Minerd's Strength to do this interview and call a spade a spade !

[bobsilver]

I watch silver bottom and stay there forever at $14 per ounce a year or two ago...I saw this at a great buy, so I sold a couple cars and bought physical. I bought 10 ounce bars, one ounce rounds, and lots of 1964 and older "junk" silver...dimes, quarters, and halves. 1964 and older dimes, quarters, and halves contain 90% silver, and 10% copper added for strength. Silver is still a good buy at $18 right now, and everyone should own some physical silver.