As prices climb higher, these proven assets will help shield your wealth from inflation's toll.
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00:00I don't think inflation is going away and I don't think the Fed is in a position with
00:05all the federal debt and the incredibly high level of deficits running every year.
00:10Most Americans are not aware that the interest on the federal debt is higher than the Department
00:16of Defense budget right now, which is absurd. That's never happened before.
00:20So we have a lot of very, very inflation-inducing factors influencing our economy right now and you
00:27should be invested accordingly. And statistics and history would tell you that commodities first,
00:35real estate second, and public equities third are best performing asset classes when inflation
00:41comes back. Bonds are a distant fourth. So that's how we're positioned and I would encourage
00:46investors to take a hard look at their portfolios and determine how they're positioned and whether
00:51they should make any changes. This is a really good time to be reflective and think hard about
00:56how you're invested. Be careful. Long term, we're all going to be fine, but short term, it's a bit choppy right now.