Plenty of misunderstanding remains regarding what alternative-asset classes are and how investors should incorporate them into their portfolios.
Bill Kelly, CEO of the Chartered Alternative Investment Analyst Association (CAIA), warns that those who see private equity, hedge funds, or precious metals as absolute investment vehicles are in for a disappointment.
Rather than achieving alpha, Kelly argues that alternative investments help diversify risks and limit exposure to market turns.
Bob Zadek has no sympathy for college students with mountains of debt. In his new book, the lawyer, lecturer, lender, and libertarian radio host makes the case against modern universities.
He contends college is a useful investment only if one learns a marketable trade, and that the rest of society shouldn’t bear the cost of poor career choices.
However, the prevailing bias for college degrees is so strong and widespread, he doesn’t see an end to the bubble just yet.
Peter Schiff, CEO of Euro Pacific Capital, believes the Fed’s recent moves indicate a recession is around the corner, already overdue. This time it will be off the charts, more severe than ever before for the United States.
In recent decades, the Fed’s modus operandi has been to re-inflate popping bubbles, thus making them larger than before and delaying the correction. However, with rates already at zero in real terms, the Fed has nowhere to go but up. Yet the cost of debt servicing means the Fed’s hands are tied.
Flying solo as an investor is an invitation to predators and self-deceit. Doing so within a community is safer and more satisfying, says financial strategist and educator Russell Gray.
A co-host of the Real Estate Guys radio show, Gray recommends building social capital with like-minded investors who can see the bigger picture and help you identify new opportunities.
However, he warns, always keep an open mind and pay attention to those who disagree with you.
The sheer size and valuation of the cryptocurrency market makes it a fertile ground for bad actors.
That is why crypto enthusiast Catalina Castro‘s main advice is to learn the fundamentals. An educational entrepreneur based in Argentina, she helps Spanish-speaking newcomers navigate this complex world.
Make sure you understand what the blockchain is and is not, what it is useful for, and be careful with initial coin offerings, she warns.
The small landlocked country in the heart of Europe has long been known for her friendly corporate and business environment in the banking industry.
Over the past couple of years, Liechtenstein has leveraged that experience to also become a fintech powerhouse, attracting hundreds of entrepreneurs, explains Alexis Esneault, an attorney from Alabama now with Nägele Law in Vaduz.
She argues that Liechtenstein, which is part of the European Single Market, has some of the world’s most advanced legislation on cryptocurrencies and blockchain services.
Since the US Supreme Court struck down the federal ban on sports gambling in May 2018, a slew of states are in the process of legalizing this multi-billion-dollar industry.
In a couple of years, sports betting will be ubiquitous, says E.B. Tucker, senior analyst with Casey Research and author of the Casey Report.
As the industry comes out of the shadows and into the mainstream, not only local governments stand to profit from the resulting tourism and tax revenue, he argues. There are many opportunities for early investors too.
Show notes: http://bit.ly/2VyFRCO
As world markets brace for another economic slowdown, investors are trying to figure out how steep the dip will be and how to protect their assets.
For David Collum, a chemistry professor at Cornell University turned financial analyst, 2019 will be a turning point. He points to the emergence of explicitly socialist campaign promises and extreme political polarization in the United States as red flags.
The Federal Reserve will try to avoid a market correction at all costs, he argues, but it cannot postpone the harsh reality forever.
Show notes: http://bit.ly/2WEVngA
After almost three years since the contentious referendum to leave the European Union, the United Kingdom is still in gridlock over exactly how it will happen—even with less than 10 days until planned separation.
A “no deal” Brexit is the best scenario for free-market advocates, says Tom Colsy, president and founder of the University of Kent’s Liberty Union and a member of Students for Brexit.
He argues that it is also the most likely outcome, since Conservative Prime Minister Theresa May’s milquetoast plan has failed to convince Parliament and increasingly frustrated citizens.
The Federal Reserve is switching gears and halting interest-rate hikes for the near future, amid fears of another global crisis.
The United States is entering a recession and there will be quantitative easing again, predicts Ronald Stöferle, a fund manager and partner of the Liechtenstein-based investment firm Incrementum AG.
China's bottomless appetite for gold and other hard assets is at the back of every financial analyst's mind.
For David Brady, CEO and co-founder of Global Pro Traders, there is no doubt that China and Russia believe a US dollar plunge is on the horizon. He is a CFA charterholder with degrees in business and finance from Dublin City University.
It's too early to tell, says Gloria Álvarez, a Guatemalan political scientist and classical-liberal author who now lives in Mexico City. However, Manuel López Obrador has already brought economic instability by axing key investment projects and interfering with gasoline distribution. At the helm of one of Latin America's largest economies, AMLO's actions will ripple across the region.
Mining exploration in general is a money-losing enterprise: only one in 1,000 projects succeeds. However, according to economic geologist Brent Cook, you just need a couple of big hits to make up for it.
Millennials have a lot to gain by thinking early about their financial futures, since they have an invaluable asset: time. For educational entrepreneur Fabiana Lara, long-term investments in the resources sector are particularly suited for the young who can better afford to take on more risks and losses than older generations.
Doomsayers have for decades claimed that the collapse of the global financial system is just around the corner, yet here we are in 2019 with a strong US dollar and a ballooning public debt. Chris Martenson, nevertheless, believes several economic trends are coming together this year to build the perfect storm.
Landlocked Paraguay, tucked between two giants, Brazil and Argentina, is the outlier you've never heard of—and that's a good thing, says David P. Smith, a representative of Paraguay AG Invest.
Trading in the junior mining sector is rife with pitfalls, yet people keep trusting gut feelings and slogans over careful analysis. For seasoned investor Jayant Bhandari, being a rational speculator means removing the romance.
For centuries, gold bugs and investors have touted the yellow metal's qualities as money and sought to analyze the fundamental trends behind its price. What drives the gold price today is market confidence in the Federal Reserve (or lack thereof), argues Ben Hunt, co-founder of Second Foundation Partners, which publishes Epsilon Theory.
Cryptocurrencies have the potential to revolutionize economic affairs and make it possible to live off the grid.
Juraj Bednár, a cybersecurity expert and entrepreneur, believes in the dream. He and other privacy activists in the Czech Republic and Slovakia have created crypto-only businesses that defy the status quo.
Bitcoin marks its 10th anniversary with a lackluster record: while adoption has increased, it has yet to deliver on several promises. Transactions are too slow and expensive for daily use, and bitcoin is nowhere near replacing traditional central-bank currencies.
Lawrence White, a professor of economics at George Mason University and a senior fellow with the Cato Institute’s Center for Monetary and Financial Alternatives, credits bitcoin with introducing a remarkable technological breakthrough in money.
However, he argues that price volatility is one of its major shortcomings. This may be "baked in," given the fixed supply, limiting its appeal in the face of more stable fiat currencies.
Latin America is home to less than 10 percent of humanity, but it has 20 percent of the planet's oil reserves, over half of its lithium deposits, its largest copper mines, and 20 percent of its gold production. Unfortunately, notes James McKeigue, managing editor of LatAm Investor, several political and cultural barriers render these resources inaccessible.
Show notes: https://goldnewsletter.com/podcast/navigate-maze-latin-americas-resources/
Is there any event or fact that would lead you to change your worldview? This is the essence of the dogma test, a tool investors can use to avoid being sucked into manias and bubbles.
E.B. Tucker, a senior analyst with Casey Research and independent director of Metalla Royalty, uses it often to survey investment opportunities.
The world is full of people behaving in ways that don't make sense at first glance. Economics is a tool to help you understand seemingly inexplicable actions.
Steven Landsburg, a University of Rochester economics professor, has written several books that introduce the economic way of thinking to a lay audience. The rationale, he writes, can be summed up best in four words: "People respond to incentives."
Venture capital is one of the most competitive fund-raising paths for businesses nowadays, full of deceptive and bad actors. How can young entrepreneurs get a foot in the door? The key is having a powerful story to convince investors, says serial entrepreneur Alejandro Cremades.
US states have amassed at least $1.5 trillion in unfunded liabilities in 2017, even though 49 of them have some form of balanced-budget restriction. Bill Bergman, director of research with Truth in Accounting, attempts to answer this puzzle.
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The Gold Newsletter Podcast, hosted by Fergus Hodgson and Brien Lundin, is your home for investment, economics, and geopolitics. It is a project of Jefferson Companies, which publishes Gold Newsletter and hosts the New Orleans Investment Conference. For show notes, go to goldnewsletter.com/podcast/.