by James Rickards
Daily Reckoning
On Monday, June 20, 2016, I stood in the London Eye Ferris wheel. I was just across the Thames from the UK Houses of Parliament, standing with a film crew to record an urgent warning. I said that the Brexit vote, coming just three days later on June 23, could produce a financial earthquake.
I recommended the exact strategies to avoid losses and to profit from the catastrophe to come. These strategies included shorting sterling, buying gold, and increasing cash allocations so our readers could “go shopping among the ruins.”
As a result, my readers were prepared for what happened — unlike the elites and so-called “smart money” who were totally unprepared.
I wish that were the end of it, but it’s not. New earthquakes are coming soon as part of the Brexit aftershocks.