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Beware the Machines Are Here!

I’m attaching a very interesting video about advances in technology and how this destroys lower skilled jobs. This is a trend I am very bullish on, and trust me, this video is well worth the 15 minutes of your time. We are in a different era and the 10% of people that prepare themselves will reap outsized rewards. We will come out ahead because of technology, but the transition will be very painful because…

Where’s the Economic Collapse?

Those who have been expecting an economic collapse are no doubt wondering why the markets are not reacting to clear bearish news: a) the renewed engagement in Iraq, b) the Ukranian/ Russian crisis, and c) riots on the streets in St. Louis. Let’s also not forget the cell phone “kill switch” that is about to be passed in California under the veil of catching criminals who steal phones. The truth, though, is that…

The Beginning of A Stock Market Crash?

Stocks are finally correcting from all-time highs and this is bound to get the bears excited. Obama’s approval rating is at all-time lows and the scent of war is in the air. We are overdue for a recession on a cyclical basis, and this just adds fuel to the fire for bears. That being said, I suspect this rally in stocks is not being appreciated as a secular bull market for…

The Birth Pains of the Debt Crisis

If I had to guess, I’d say my readers are quite a bit above average in critical thinking. After all, to even consider the validity of gold as an investment, or to question government policies and propaganda, you have to think critically. So to be honest, I am not that concerned about my readers making it out of this crisis in decent shape. That being said, we must all face the facts. And…

Ukraine

Do You Remember? Why Gold?

Gold is turning into something of a forgotten asset, and that’s fine by me. There will be a time to buy gold again, and when that time comes, there will be very few believers. That’s the way it always is before a major rally. With most things in life, you see something like a 90/10 or 80/20 rule. As it relates to gold, this means that 5% are in the “gold…

bubble

Are All Assets a Bubble?

Over the weekend I read a Wall Street Journal article about how all assets – bonds, stocks, gold, commodities- were rising and how this was a) an anomaly and b) how it reflects confidence in Central Banks. I got a good laugh out of this because rising domestic asset prices reflect the exact opposite; namely an utter lack of confidence in Central Banks. Are wealthy Europeans purchasing high-end real estate in…

books

To Become a Great Investor You Must Read (Plus Reading Recommendations)

I believe without a doubt we are on the brink of a crisis that will make the crisis of 2008 look like no big deal. There’s plenty of time for me to lay out the case, and I’ll do that in future posts. Today, I wanted to focus on the topic of becoming a successful investor. In the past, I’ve touched upon my views on how to become a great…

I’m Back!

It’s been awhile since I’ve written. I have been very focused on my investment fund, but I feel compelled to write to a broader audience as we enter what I strongly believe will be a dark period in our country. I know this sounds ludicrous as we hit new highs in stocks (as I said we would) and real estate rebounds sharply. But as I’ve always said, assets can and…

Gold and Precious Metals

Where’s the Economic Collapse?

Those who have been expecting an economic collapse are no doubt wondering why the markets are not reacting to clear bearish news: a) the renewed engagement in Iraq, b) the Ukranian/ Russian crisis, and c) riots on the streets in St. Louis. Let’s also not forget the cell phone “kill switch” that is about to be passed in California under the veil of catching criminals who steal phones. The truth, though, is that…

Ukraine

Do You Remember? Why Gold?

Gold is turning into something of a forgotten asset, and that’s fine by me. There will be a time to buy gold again, and when that time comes, there will be very few believers. That’s the way it always is before a major rally. With most things in life, you see something like a 90/10 or 80/20 rule. As it relates to gold, this means that 5% are in the “gold…

dejavu

Gold: Deja Vu All Over Again?

I live for these moments. When I start getting spam comments that indicate fear (for gold investors) and schadenfreude (for gold permabears), I know that some kind of important turning point is near. These sort of heuristics make my life easier. My roommates can attest that when gold drops in price, my reaction is to do a really quick dance, followed by an enthusiastic cheer. Then I  go back to living my life….

Buy the Gold Dips?

As we approach the end of the year, the outlook for the global economy is murky, but the outlook for gold remains strong. That being said, I think gold will at least retest its all-time highs in the next couple of months. I am adding selectively to gold stocks, but I will probably lighten up as we approach $1900 and $2000. Long before there was any clear direction in gold,…