In the end, the pandemic will likely accelerate the timeline for commodity scarcities. At the same time, it has strengthened China’s relative position and its ability to achieve its goals, including a gold-backed monetary system, with the West less able to push back.
You might ask why the rising trajectory of commodities this century has largely escaped notice. The likeliest answer is that prices for mining company shares as well as the underlying minerals tend to be very volatile. The volatility in commodity stocks makes it feel like the commodities themselves are doing more poorly than they actually are.
The radical change coming to the global economy- and the investments you need to make sure you stay ahead of the curve.
Bitcoin may rise more over the shorter term. But longer term I see no chance it will hold up as a store of value – as an asset that, for instance, might compete with gold, whose long-term prospects I believe are sensational.
'Buy Gold, Buy Commodities, Ensure Your Financial Welfare by Ignoring the a-typical advice of your financial advisor who tells you to diversify your investment portfolio in a 60/40 manner.'
Eric King and Dr. Stephen Leeb Discuss Bitcoin Fallacies, Commodity Investing and Simply Why You Should Ignore The A-Typical Advise of Your Financial Advisor
Does Elon Musk know something I don’t? I have no doubt that he does – but probably not about Bitcoin.
In late January, General Motors made a dramatic announcement: By 2035 – a mere 15 years from now – it will have entirely phased...
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