If you’re heavily invested in stocks, one economic expert is warning that we are currently seeing the “bubble to end all bubbles”, with an implosion to come which will propel gold to record highs.

Peter Grandich of Peter Grandich & Company warned on Wednesday that, “Over the next two years, there’s a possibility that we will suffer a decline that will surpass or equal some of the worst declines ever in the history of the U.S. because that’s how far advanced I think this bubble is.”

Grandich says that the bounce back will also be slow and compares the scenario as similar to the crash that happened in Japan in 1990s, where the economic decline led to a two-decade stagnation.

The industry expert also noted that technical factors all point to an increase in gold, nothing that he now has a legitimate belief that gold will top more than £2,901 ($4,000). He describes it as a “very good opportunity to happen” due to the technical patterns being registered, saying that he now feels very comfortable that we will start to see the precious metal escalating.

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