Gold is not an investment; it’s a place to put your money while you wait for a good investment to come along. It’s not a wealth creator; it’s a wealth preserver.
What might these good investment stocks be? All this waiting time there have been the top 7, all innovative, good businesses with 100x. There are a lot of dots to connect. Glad to see your on track, government is the enemy, no matter the president.
More on the impact of printing and gold prices. Are we going to have hyperinflation? Total collapse? 80% of Americans can’t afford food and will not be gold buyers. Who is buying? Bitcoin is stagnant with this rise in gold. What is the mindset of younger people with money?
Tom, this is all great: but, you keep telling us that Gold is not an investment. History says that you are 100% correct. However, unlike history "this time" it's different. Why, 37 trillion debt with a 1 trillion interest payment (and both growing). Until that is addressed through devaluation of the dollar through inflation or revaluation of gold we are just whisling in the wind. The key question is knowing when to sell some or all of your gold, your mining stocks or likewise your silver. As an ancient old man, I'm just planning to sell some as needed and hope what I have last until the Lord calls. You youngsters can probably stick with Tom's advice and hope you have enough left to invest in stocks, when the Dow/Gold 5 occurs. Good luck, youngsters. You may make it with a lot of luck and prayer.
Kenneth, I'm four score plus so understand time better than I did a couple of decades ago. My experience has been a gradual but consistent and substantial growth pattern. I've only once added substantially to my market nut. If the next 3 years are as good as the last 3, I'll be sitting prettier than I ever imagined. Don't talk to me about 10 year wealth. My funeral is already paid for. Good luck.
This reader, thanks to folks like Bonner, keeps a tally of his TNW in ounces of gold calculated at the end of the calendar year each year. It’s quite illuminating as I’m in my tenth year now of doing so. It’s one of the only indicators now still telling me that gold stocks are still cheap.
Because while my net worth in dollars (AUD) is currently up 42% (which seems spectacular) for the year, it’s only up 6% when measured in gold ounces. This in a heavily gold miners weighted portfolio. Good, but nothing to get too excited about yet.
When my net worth in gold ounces starts to really get going, and exceeds my ATH in ounces - I’ll know the real bull market in gold miners is mature. We ain’t there yet. Still down 12% on all time high in ounces. Personal goal is to get to a TNW of 400oz. A fair ways to go yet on that goal too.
Interesting........but no mention of the 4th Turning as the current saecula runs to its climax. And, apparently, this suggests the U.S. and the US$ is unaffected by the World chaos rising - everything across either ocean immaterial - America is not autarkic. UK and France coming apart at the seams followed closely by Germany. There is somewhere north of 600 trillion" in US$ derivatives floating around the world. And, the countries comprising the overwhelming population of the world are working together to figure out how to ditch the US$. The world is transitioning to being at least "bi-polar" if not "multi-polar" whether the U.S. and EU/UK like it or not. Stick with the ol' strategy knowing the U.S. will become great again? The US$ remaining the world's reserve currency? Everyone bowing down to the U.S.? Hopium on steroids! Frankly, this ol' man says - give it more though.! Copium won't save you!
If gold went to 9000 dollars in the next year or so and the dow stayed @45,000 (the golden 5 ratio). Would you really sell all your hold and put it into stocks when the dow is so out of sync with the buffet Ratio??
I second Abe’s comments. First one I have read in a while and I like information not political commentary. We have what we have for a little more than 3 years. Beating that dead horse just plain got old so I turned the volume off. Maybe I can tune in again. 🤞
"And Wall Street hopes to sell a lot of ‘paper gold’ to investors who are desperate to join the gold rush." Yep, that's the next worry; that Wall Street will sell gold that doesn't exist.
About half my gold is bullion; a quarter is in 100% gold-backed ETF, and a quarter is backed by faith in the soundness of two banks. Yes, of course I'm worried about the latter.
I for one sees gold as more than just money but also as an investment. Insofar that real GDP increases more than the rate of gold production … then your ounce of gold buys you a greater share of that bounty … such as real estate.
Bravo… no politics, just good economic information. Two days in a row. Wonderfully surprising.
Maybe they've freed Bill Bonner?
That would be a happening
Wow love it, what is happening Bill, have you discovered Prevagen? Welcome back!
Hey, ws, be nice. Always make room for the prodigal to return.
What might these good investment stocks be? All this waiting time there have been the top 7, all innovative, good businesses with 100x. There are a lot of dots to connect. Glad to see your on track, government is the enemy, no matter the president.
More on the impact of printing and gold prices. Are we going to have hyperinflation? Total collapse? 80% of Americans can’t afford food and will not be gold buyers. Who is buying? Bitcoin is stagnant with this rise in gold. What is the mindset of younger people with money?
So much to know, so little time for bullshit.
Tom, this is all great: but, you keep telling us that Gold is not an investment. History says that you are 100% correct. However, unlike history "this time" it's different. Why, 37 trillion debt with a 1 trillion interest payment (and both growing). Until that is addressed through devaluation of the dollar through inflation or revaluation of gold we are just whisling in the wind. The key question is knowing when to sell some or all of your gold, your mining stocks or likewise your silver. As an ancient old man, I'm just planning to sell some as needed and hope what I have last until the Lord calls. You youngsters can probably stick with Tom's advice and hope you have enough left to invest in stocks, when the Dow/Gold 5 occurs. Good luck, youngsters. You may make it with a lot of luck and prayer.
Kenneth, I'm four score plus so understand time better than I did a couple of decades ago. My experience has been a gradual but consistent and substantial growth pattern. I've only once added substantially to my market nut. If the next 3 years are as good as the last 3, I'll be sitting prettier than I ever imagined. Don't talk to me about 10 year wealth. My funeral is already paid for. Good luck.
This reader, thanks to folks like Bonner, keeps a tally of his TNW in ounces of gold calculated at the end of the calendar year each year. It’s quite illuminating as I’m in my tenth year now of doing so. It’s one of the only indicators now still telling me that gold stocks are still cheap.
Because while my net worth in dollars (AUD) is currently up 42% (which seems spectacular) for the year, it’s only up 6% when measured in gold ounces. This in a heavily gold miners weighted portfolio. Good, but nothing to get too excited about yet.
When my net worth in gold ounces starts to really get going, and exceeds my ATH in ounces - I’ll know the real bull market in gold miners is mature. We ain’t there yet. Still down 12% on all time high in ounces. Personal goal is to get to a TNW of 400oz. A fair ways to go yet on that goal too.
Interesting........but no mention of the 4th Turning as the current saecula runs to its climax. And, apparently, this suggests the U.S. and the US$ is unaffected by the World chaos rising - everything across either ocean immaterial - America is not autarkic. UK and France coming apart at the seams followed closely by Germany. There is somewhere north of 600 trillion" in US$ derivatives floating around the world. And, the countries comprising the overwhelming population of the world are working together to figure out how to ditch the US$. The world is transitioning to being at least "bi-polar" if not "multi-polar" whether the U.S. and EU/UK like it or not. Stick with the ol' strategy knowing the U.S. will become great again? The US$ remaining the world's reserve currency? Everyone bowing down to the U.S.? Hopium on steroids! Frankly, this ol' man says - give it more though.! Copium won't save you!
You taught me two words today, Olay. Gracias.....
Great informative post, thank you,
Should we not start to think what we should do if gold did indeed reach $9000. And stocks remain hyper high!
just three letters ...."wow"
If gold went to 9000 dollars in the next year or so and the dow stayed @45,000 (the golden 5 ratio). Would you really sell all your hold and put it into stocks when the dow is so out of sync with the buffet Ratio??
I second Abe’s comments. First one I have read in a while and I like information not political commentary. We have what we have for a little more than 3 years. Beating that dead horse just plain got old so I turned the volume off. Maybe I can tune in again. 🤞
“Gold is money, everything else is credit.” Stated in 1912. The Fed started in 1913. Coincidence?
"And Wall Street hopes to sell a lot of ‘paper gold’ to investors who are desperate to join the gold rush." Yep, that's the next worry; that Wall Street will sell gold that doesn't exist.
About half my gold is bullion; a quarter is in 100% gold-backed ETF, and a quarter is backed by faith in the soundness of two banks. Yes, of course I'm worried about the latter.
It is time to slap yourself until you wake up and pay attention.
If you can not hold it, you do not own it!
I for one sees gold as more than just money but also as an investment. Insofar that real GDP increases more than the rate of gold production … then your ounce of gold buys you a greater share of that bounty … such as real estate.