U.S. headed towards 'bankruptcy'; Gold will protect you, everything else will 'get crushed'

The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with gold, said Yaron Brook, managing partner of BHZ Capital.

Brook is the best-selling author of several books, including “Free Market Revolution: How Ayn Rand's Ideas Can End Big Government”. He is the chairman of the board at the Ayn Rand Institute and is host of the Yaron Brook Show.

Speaking with Michelle Makori, editor-in-chief of Kitco News, on the sidelines of the Freedom Fest 2021 conference, Brook said the government is “destructive” and is responsible for the economic troubles the U.S. finds itself in.

“COVID has shown us that the American people are willing to behave like sheep when the government dictates what they should and shouldn’t do. Also, the government is willing to take on massive powers,” he said. “We’re seeing the government move systematically towards bankruptcy. Who’s going to pay this debt?”