Economy

The economy is still declining.

"To support this contention he argued that European economies are stagnant and China is in a slowdown. The knock on effect of this is that industrial countries are not buying commodities from resource-rich countries who in turn are not buying manufactured products from the West. "

That's decline.

"With regards to gold being at four-year lows he said "it’s been a miserable performance since 2011. However, from the late 1990 lows we’re still up more than four times. So I just looked at performance tables over 10 years and 15 years. Gold hasn’t done that badly, has done actually better than stocks."
When asked about Goldman Sachs negative outlook on gold, he mischievously said "I would say Goldman Sachs is very good at predicting lower prices when they want to buy something." "

Then buy gold.