Hugh Hendry: Gold Is Very Silly

Hugh Hendry, founder and former CIO of Eclectica Asset Management, shares his thoughts on Wall Street and markets.
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[@ahorrell]

Hugh sounds exactly like a dude who wants wasted people at parties to think he's smart.

[@Brad-Harris]

Hugh sounds like a wasted person at a party who thinks he's smart.

[@AmazianLinsation82]

@@Brad-Harris He may be a one hit wonder but he certainly is not stupid

[@CraigTheBrute-tf6hx]

Gold isn’t a silly asset. Gold isn’t an asset, period. Gold is money.

[@brunoheggli2888]

Then you dont know what money is!So buy me a cup of coffe with your gold!

[@jenny4687]

He needs to get back on Lithium.

[@swedesam]

The word salad master makes another appearance.

[@americanaforever6725]

Robin Williams character giving financial advice

[@georgewright9914]

This Hugh Hendry guy gives off instagram fake guru vibes

[@cilldublin07]

If bono was a fund manager

[@tonydixon9579]

Too harsh. Hugh never went to flew with or went Epstin Island + Bono is possibly the biggest douche on the planet

[@mp13r17]

He comes across as one of those smart people who know what they mean in their own head, but don't realise they're unable to string meaningful sentences together. He exhibits Knights-Move Thinking which is consistent with psychosis, but its interdispersed with technical jargon so people just assume it's their own lack of understanding. Would love to have met him 10-15 years ago before he lost it.

[@smithyboy572]

Completely agree.

[@Bhgjjj]

He’s saying we have incredible deflationary events happening in the banking system that you cant see from main st. until it hits you with full momentum. Bank closures and Great Depression lineups at every bank. What the economy really needs is real negative inters rates to correct the market, but will eventually correct regardless. Gold has always and will eventually become the world reserve currency

[@smithyboy572]

@@Bhgjjj thanks for the translation. Okay point on deflation, bank credit creation for consumer is up 12%. There’s a story to know about that situation involving the central bank. Rates don’t move the economy. Look at GDP X 10 yr - GDP leads rates. Gold, I’d rather own BTC.

[@dac8939]

He is like me. 1st class mathematics graduate and masters in financial engineering. Prefer not to speak as most ask stupid questions, unless in the industry and can comprehend

[@mp13r17]

@@dac8939 He differs to you then in preferring not to speak. The guy doesn't stop once he gets started with flights of ideas. Like a beautiful mind but difficult to pin to a direct line.

[@AlexPolsky]

Hugh Hendry is very silly. The guy has the affect of an LA music executive circa 1977. He hasn't managed a fund since 2017, and his claim to fame really being two good years. No one's made money on his advice since 2008, so hard to see why he's on Bloomberg beyond the amusing shtick. I suppose he wins a contest for "least dour Scot", but beyond that? Feels almost like he's having himself a joke at the expense of news editors, showing up on a buttoned down business show like he's fresh off a Tony Montana after party . . . as performance art, I guess I appreciate it.

[@MrNikkertti]

He has really sharp observations about the market. Don't shoot the messenger even if the messenger is a bit flamboyant and coked up ;)

[@dac8939]

He still manages his own funds

[@tonydixon9579]

@@dac8939 I bet u manage yours too

[@user-pc7ef5sb6x]

Wow, what did he do to you for such a personal attack? Sounds like you know him personally. No one would write such a long comment if they didn't

[@AlexPolsky]

@@user-pc7ef5sb6x I don't know him personally. Have you watched the video? Its embarassing, nuts -- and likely the weirdest thing I've seen on the otherwise very staid Bloomberg. Check out other comments by other folks about this vid . . . I'm hardly alone in my opinion.

[@davidkennedy8929]

Gold is king, gold is real money and will always be.

[@davidkennedy8929]

But he’s definitely on something! Where can I get what he’s on?

[@ssuwandi3240]

He agreed to it he said he would own 15% of gold. But he also made a brilliant mockery "you can't win w gold in a manipulated constraint system but only when that system is finally broken" that's what he meant with silly nihilism.

[@zippyvideospwns]

The Great Humbling

[@anassmsallem1977]

Gold isn’t silly but this guy on the other hand…is

[@fiftyoneindustries2]

I need the whole segment please. It was so good

[@michealwagner5806]

I hate to sound like a syncophant, but I agree with everything he is saying. 50 % tlt, 25% gold, 25% commodities is exactly my portfolio

[@madmoe3461]

Despite the very bad delivery, he has solid points

[@Mikewee777]

Federal bonds and frozen bank certificates are the closest thing to secured by the government right now.

[@slovokia]

Quantitative easing by central banks has taken the place of money creation by private banks. Most of the QE will never be unwound - it is defacto monetization of government debt. So don’t worry about deflation.

[@inquisitive8903]

Yeah, but look where the m1 m2 are heading in a high interest rate scenario? Where is this money going to be in?

[@garyporter3919]

I like the idea if gold cracks that ceiling of $2070 we just might get a moon shot. I think he's right on being in that trade.

[@Plaga341]

best interviews in the game

[@michaelmackey754]

Hugh is awesome

[@easterntechartists]

he says don't own stocks then says buy amazon 😂

[@christophersurnname9967]

What was he saying about TLT? Is he bullish on it or not?

[@tonydixon9579]

Wouldn't worry either way. Ultimately he blew his fund up. Made his money from fees.

[@theusualyt]

"gold is nihilism" 🤣🤣🤣

[@biobillionairwill731]

Sweet

[@Rnankn]

What the caterpillar calls the end, the rest of the world calls a butterfly

[@VJ-lt9uk]

He never made any money in his funds but he sure loves the sound of his own voice.

[@gmo709]

Yes..gold...no intrinsic value. Better hedge against inflation is natural resources. Stocks....best way to beat inflation over time, but grab a slice of the market. Market is up more often than down by the way. Side gig...learn how to evaluate businesses and buy good ones at a discount. Lastly, turn off financial media..blah blah

[@eh7599]

He is wrong. Gold is held by central banks as a source of value no matter what. Gold has been the only thing that has been reliable for CENTURIES.

[@jwkoeniger]

Guys with English accents sound smart to us Americans. Hugh sounds like Cramer with a British accent. Or is it Irish or Scottish? I'm American, whaddoo I know?

[@workforceworkshop]

Tech workers scramble to make ends meet.

[@AtlanticIslander]

Soooo, don’t own equities and gold is silly but then…own equities and be heavily exposed to gold…huh, what?

[@lorenzmuller3542]

The title is misleading.

[@ssuwandi3240]

He's just telling the growth that we have known of, required a systematic negative real rate. Which was true. Without it you will see a deflation because the US is largely a service based economy. Almost everything was imported and resold here.

[@elgavio]

Yeah, he’s saying Gold is silly it only works when everything else is broken. The lady misunderstood him.

[@lorenzmuller3542]

@@elgavio He said he's long ag and gold.

[@boyitelluwhat]

I have never witnessed an “expert” saying so many words without saying anything at all. All I got from this stream of consciousness was that TLT is great and gold sucks. Fast forward to today and gold is up25% and TLT is down 15%. Why does anyone talk to this guy.

[@OsheaJones]

Gold should be reserve currency. This guy is a nut!

[@dac8939]

What is his networth?

[@sumitomoO0O]

Inflation should be zero, so that we dont end up getting the shaft at time of retirement 40 years later

[@paxundpeace9970]

Then move to japan.

[@ssuwandi3240]

Not anymore. 3.6% inflation in Japan. All retirees must do their own farming what you do all day just lounging

[@royprovins7037]

Stand up comedy

[@jorgegomez524]

He should have bought when he gave this interview . He was death wrong

[@ktrain1100]

He just got back from a Woodstock party.

[@lcuie]

Lol the comments. Go hugh 🤣

[@TheOhmae]

he looks like doing drags🤣

[@gilliebrand]

Uses lots of words, but doesn't say a great deal.

[@robertbachmann8141]

he's on drugs.

[@chavruta2000]

speaking of silly..

[@hangender]

Yea gold is like pet rocks

[@TuaTagovailoaTouchdowns]

Index funds are as good as gold

[@eh7599]

Wrong.

[@dancovrboski9135]

Bitonot I lokymot. Ə od edən hovek koj ə itologihno İmişli newto neverovatno izym 02nasto.eeee zanego sə wose dvizi vo svetot I negizema do 2029 godinasam samo za. Spas od. Global a ekonomia. Ako sakate dase pridryzam vlozyvate

[@rooftime4730]

gold is going to 1750.00 soon , silver to 15.00 don't buy manipulated to no end .

[@breecedjpancake8565]

Lol

[@taylorkaplan2614]

Ill buy it off you for 1750