Businesses — both private and public — are where the real money is. You can hold an ounce of gold or a bitcoin from here ‘til kingdom come; you will still just have an ounce of gold or a Bitcoin.
WOW. Where is the cynical Bill Bonner who constantly gives us more garbage than real financial information. Thank you, Bill, you are finally coming to your senses. Although, I expect good ‘OLD’ Bill to return to his Trump hating self by tomorrow. Finally one sane day.
I salute the part about having a private business. I worked for a computer company for 17 years, thought I knew enough about the three necessary legs of a stool (operations, sales and finance) to run a business so I started one. My management would deserve a “C” grade, and I didn’t make any real money til I sold the business, but the buyer paid me for the 20+ years of building a reputable business. I now have a very comfortable retirement with some shipping stocks along with other value stocks and high flyers.
"Today, we take a break from our usual macro rants to look at something specific: what to do with your money now."
Macro rants they are and completely useless. Today, Bill delivers a well-reasoned column. After all, isn't today's column what a financial newsletter is supposed to be about? Makes you wonder what happens to Bill's mind whenever the thought of Trump enters it. It's like a wrecking ball destroying all sanity and logic. But today was good. I just don't know if it was a change in medication and we have the hope that this will last another day, or just an anomaly.
Finally, Bill, you give us a break from the man you love, Trump. It's funny how gold doesn't pay any dividends or interest, but you've made more from it than stocks for the last few years. Because the dollar is depreciating. For the poor man that's inflation in it's worse form. U,ntil the debt problem is solved (one way or the other), what good is a Dow/Gold ratio of 5; Unless, you have gold, gold mining or royalty companies you "previously bought", to have to sell for "the good" potential stocks. Holding cash for any extended period hasn't proven to smart. I know nothing about Crypto but history has proven that (in the end) gold is the only real money. Now, many of you youngsters may prove that "this time" history and this ancient old man are wrong. Maybe!! We'll see, when they solve the debt problem, the Dow/Gold hits that magical nbr 5 and we don't need 3 wheelbarows filled with dollars to buy "cheap" stocks.
Thank you Bill🙏 and welcome back! If you don’t mind a little advice, it may be a good idea to place your ghost writer with all the useless ex government employees now searching for meaningless employment. I’m sure he or she will be gainfully employed in the restaurant or waste industry within a few weeks 🤔
Who cares what the value of a dollar invested in ADM or Deere in 1925 would be worth today? The person who invested that dollar then is assuredly dead today...
I’ve done very well by investing in land from the proceeds of my privately held business partnership. But land is now off the table. In Australia, states now have introduced a 50% windfall tax on land and that’s before you pay capital gains tax on what ever is left over. Having avoided the Big Loss … governments can only tax those that still own something. Gold & silver coins in your possession without to much much fanfare is the best place to be right now. Maybe!!
It's nice to read some sanity from Bill for a change.
At last a contribution of sensible financial thought from BB, without the TDS harangue. One upward tick of the subscription cost value meter….
Better late than never, right? Best always. PM
WOW. Where is the cynical Bill Bonner who constantly gives us more garbage than real financial information. Thank you, Bill, you are finally coming to your senses. Although, I expect good ‘OLD’ Bill to return to his Trump hating self by tomorrow. Finally one sane day.
Bill, we all love you again!!!!
Thank you, Bill. Good, informative, interesting, useful post.
I think Bill has been tilting at government windmills for decades. It just hurts more when it’s against ‘our windmills’
Now that the Bill I've come to know and Love......No politics just sound financial advice.
warmest regards
I salute the part about having a private business. I worked for a computer company for 17 years, thought I knew enough about the three necessary legs of a stool (operations, sales and finance) to run a business so I started one. My management would deserve a “C” grade, and I didn’t make any real money til I sold the business, but the buyer paid me for the 20+ years of building a reputable business. I now have a very comfortable retirement with some shipping stocks along with other value stocks and high flyers.
B Jacobs
Bill starts off his column:
"Today, we take a break from our usual macro rants to look at something specific: what to do with your money now."
Macro rants they are and completely useless. Today, Bill delivers a well-reasoned column. After all, isn't today's column what a financial newsletter is supposed to be about? Makes you wonder what happens to Bill's mind whenever the thought of Trump enters it. It's like a wrecking ball destroying all sanity and logic. But today was good. I just don't know if it was a change in medication and we have the hope that this will last another day, or just an anomaly.
Finally, Bill, you give us a break from the man you love, Trump. It's funny how gold doesn't pay any dividends or interest, but you've made more from it than stocks for the last few years. Because the dollar is depreciating. For the poor man that's inflation in it's worse form. U,ntil the debt problem is solved (one way or the other), what good is a Dow/Gold ratio of 5; Unless, you have gold, gold mining or royalty companies you "previously bought", to have to sell for "the good" potential stocks. Holding cash for any extended period hasn't proven to smart. I know nothing about Crypto but history has proven that (in the end) gold is the only real money. Now, many of you youngsters may prove that "this time" history and this ancient old man are wrong. Maybe!! We'll see, when they solve the debt problem, the Dow/Gold hits that magical nbr 5 and we don't need 3 wheelbarows filled with dollars to buy "cheap" stocks.
Thank you Bill🙏 and welcome back! If you don’t mind a little advice, it may be a good idea to place your ghost writer with all the useless ex government employees now searching for meaningless employment. I’m sure he or she will be gainfully employed in the restaurant or waste industry within a few weeks 🤔
Thank goodness for Bill who brings a whole lot of sanity every post. Thanks Bill.
Who cares what the value of a dollar invested in ADM or Deere in 1925 would be worth today? The person who invested that dollar then is assuredly dead today...
There he is! Welcome back! :-)
I look forward to tomorrow or if we will get “where to put in your money“
So I guess we find out tomorrow(?) what BB is doing with his money now..... other than the safety mode stuff
I’ve done very well by investing in land from the proceeds of my privately held business partnership. But land is now off the table. In Australia, states now have introduced a 50% windfall tax on land and that’s before you pay capital gains tax on what ever is left over. Having avoided the Big Loss … governments can only tax those that still own something. Gold & silver coins in your possession without to much much fanfare is the best place to be right now. Maybe!!
Ya…think?