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 do move counter to the general economy.
What About Gold Moses?!
Before I say anything else, just want to address gold real quick. My newsletter subscribers know I have been very consistent in saying that the price action in gold was troubling. I personally believe we will see $1,000 gold. At that point, yes, you will be looking at one of the great investment opportunities of the past decade. But until then, just be patient. Patience is something you learn the longer you invest real money–successfully. This is where the big money is made.
I would look for the very opposite of a spike high, which is a doubling in price in the shortest amount of time (think silver in 2011). What you want to see is a 20-30% collapse in gold in about a week. That’s when you know a bottom is forming. Deflation is the biggest risk I see in the short run.
So What’s Next?
Anyway, I’ll be addressing various investments in greater depth in the future. These are exciting times where a lot of money will be made and a lot more will be lost. Europe is an outright disaster as is Asia at this point. Civil unrest is percolating as I’ve always said it would. We should see incredible volatility in all asset classes as we move forward.
I look forward to riding out this storm together like the good old days when doing the exact opposite of everyone else was the correct course of action.Follow