Gold Newsletter

The recent breakout in the gold price has enthralled many investors in the metals industry, but not Rick Rule.

Known for his long-term vision, the natural-resource financier and president of Sprott US Holdings Inc. believes the episode a blip in the grand scheme.

Instead, he contends investors should pay attention to US treasury securities as a turning point. When that decades-long bull market is over, the demand for precious metals in the United States could quadruple.

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A key tenet of central banking around the world is the dogma that deflation impedes economic growth and must be avoided at all costs.

Peter Boockvar, chief investment officer with Bleakly Advisory Group and editor of the Boock Report, is a prominent dissenter. He points out inflation targets make no economic sense until you consider who benefits from them.

Wall Street has captured the Federal Reserve, he argues, which cannot abandon loose monetary policy for fear of upsetting the status quo. However, perpetual low rates are no longer incentivizing new economic behavior, and a painful but necessary market correction will come.

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It is no overstatement that we are in the early stages of the greatest retirement crisis in US and world history.

“Pension detective” Ted Siedle, a Forbes contributor and former SEC lawyer who represents whistleblowers, says both public and corporate pension funds across the United States are on the verge of collapse.

He argues that we are very close to a Puerto Rico-style default scenario on the mainland, with imminent bailouts from taxpayers.

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Geopolitical tensions and the Fed's recent announcement that it would cut interest rates in the near future have triggered a rally in gold prices.

Omar Ayales, chief trading strategist at GoldChartsRUs, discusses the pitfalls of short-term trading in precious metals and how to be disciplined about it.

He explains how, once gold breaks a psychological threshold price, a long-term bull market becomes a self-fulling prophecy.

Recorded on June 5, 2019.

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The matriarchs of investing like to swim against the stream, and they are calling for a "melt-up" in US stocks and bonds.

Mary Anne and Pamela Aden, long-running publishers of the Aden Forecast investment newsletter, remain "cautiously bullish" for a scenario similar to the 2000 dot-com frenzy.

They are confident that a dovish Federal Reserve and a global trend of low interest rates will be the reality for years to come.

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Gold as physical money has withstood the test of time, but does it have a future in an increasingly digital world?

Kenneth Lewis, CEO of OneGold and ApMex, one of the world’s leading online dealers of precious metals, has no doubt. Websites and apps are making it easier than ever to hold gold. He even foresees the end of credit cards as we know them.

Be it through direct ownership, vaults, or ETFs, he argues that any kind of metals exposure is a useful portfolio diversification strategy.

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Gordon Gekko said "greed is good." Mike Larson, a senior analyst with Weiss Ratings, says "boring is good." If you want long-term returns, "boring will make you money."

Larson contends there is a vast overvaluation of tech stocks, along with many others, on account of both hype and easy credit—likely worse than in the late 1990s. In this episode, he notes near universal IPO failures and mounting corporate debts as compelling reasons for conservative investing.

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Russia and China have been accumulating gold for years, but observers are at a loss to explain why.

Byron King, a geologist with Rickards’ Gold Speculator, argues they are planning for a new monetary system. The United States has weaponized the dollar to enact sanctions and police world trade, so naturally those superpowers want an alternative, he explains.

In his view, the days of the dollar as the world currency are numbered, and gold offers the best hedge against the looming shift.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Created 8 months, 2 weeks ago.

39 videos

CategoryBusiness & Finance

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