The global monetary regime has collapsed three times over the past 100 years, in 1914, 1939, and 1971. They seem to happen about every 30 to 40 years on average. It’s now been over 40 years since the last collapse, so we’re due. With Russia and China continuing to build up their gold reserves, it’s clear that the […]
Continue ReadingIn all, long-term investors are risking roughly a 60% decline to try to capture a 0% rate of return over the coming decade in the stock market, one of the worst risk-to-reward setups in history. If this doesn’t make you want to give up investing in stocks, it’s hard to say what will. After over […]
Continue Reading
While India may be one of the world’s largest holders of gold, with Indian citizens holding an estimated 24,000 tonnes of gold, other countries are catching up. China is one of those, with an increasingly affluent middle class looking for ways to protect its wealth. While stories abound of Chinese looking to store their wealth […]
Continue Reading
The Soviet Union did a lot of copying of other countries’ military designs over the years. Whether it was outright copies of the B-29 Superfortress (Tupolev Tu-4) and the DC-3 (Lisunov Li-2), or the striking similarity of the Soviet space shuttle to US space shuttles, the Soviets borrowed from anyone they could. That extended to […]
Continue Reading
The major obstacle to the adoption of any new currency is consumers wondering what they can buy with it. It was no different with Bitcoin once the cryptocurrency began to rise in popularity. While some online retailers have accepted Bitcoin as a payment for years, and Bitcoin point of sale systems have been around for […]
Continue Reading
Only a few years ago it seemed that gun rights were in the ascendant, with people of all political persuasions understanding the vital role that firearms ownership plays in protecting a free society. Now with President Trump in office it seems that things have flipped 180 degrees. Gun owners are on the defensive, Democrats are […]
Continue ReadingUnfortunately, a political and market perfect storm is now on the way and may strike as early as Halloween 2019, marking a new “Halloween storm.” Get ready. I cannot imagine a better setup for catastrophe. No one ever sees disaster coming. That’s the point. Once again all indicators are pointing to a market collapse towards […]
Continue ReadingBut they’ve got a couple of grim worst-case scenarios. One envisages the US economy slowing sharply from the third quarter of this year, then falling into recession as corporate profits [fall], hitting business and investor sentiment. The fallout from this could trigger a 30% drop in the S&P 500 in the third quarter. Within a year […]
Continue Reading
It’s probably not shocking to say that caffeine is one of the most commonly used drugs in the world. While most people don’t think of it as a drug, there’s no denying that it’s terribly addictive, widely used, and that withdrawal from it can be quite painful. But that’s not to say that it’s all […]
Continue Reading
One of the vitally important markets in gold is the Indian gold market. Gold has a long and storied history in India, being a fundamental part of Indian religious life from temple offerings to wedding gifts. Many Indian families hold a significant part of their wealth in the form of gold, mostly in jewelry. Some […]
Continue Reading
