precious metals
by
David Collum
Background
I was just trying to figure it all out.
~ Michael Burry, hedge fund manager
Every December, I write a Year in Review that has now found a home at Chris Martenson’s website PeakProsperity.com.1,2,3 What started as a simple summary intended for a couple dozen people morphed over time into a much more detailed account that accrued over 25,000 clicks last year.4 'Year in Review' is a bit of a misnomer in that it is both a collage of what happened, plus a smattering of issues that are on my radar right now. As to why people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods I can only offer a few thoughts.
For starters, in 33 years of investing with a decidedly undiversified portfolio, I had only one year in which my total wealth decreased in nominal dollars. For the 13 years beginning 01/01/00—the 13 toughest investing years of the new millennium!—I have been able to compound my personal wealth at an 11% annualized rate. This holds up well against the pros. I am also fairly good at distilling complexity down to simplicity and seem to be a congenital contrarian. I also have been a devout follower of Austrian business cycle theory—i.e., free market economics—since the late 1990s.4
Each review begins with a highly personalized analysis of my efforts to get through another year of investing followed by a more holistic overview of what is now a 33-year quest for a ramen-soup-free retirement. These details may be instructive for those interested in my approach to investing. The bulk of the review, however, describes thoughts and observations—the year’s events told as a narrative. The links are copious, albeit not comprehensive. Some are flagged with enthusiasm. Everything can be found here.5
2012 Year in Review
by David CollumBackground
I was just trying to figure it all out.
~ Michael Burry, hedge fund manager
Every December, I write a Year in Review that has now found a home at Chris Martenson’s website PeakProsperity.com.1,2,3 What started as a simple summary intended for a couple dozen people morphed over time into a much more detailed account that accrued over 25,000 clicks last year.4 'Year in Review' is a bit of a misnomer in that it is both a collage of what happened, plus a smattering of issues that are on my radar right now. As to why people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods I can only offer a few thoughts.
For starters, in 33 years of investing with a decidedly undiversified portfolio, I had only one year in which my total wealth decreased in nominal dollars. For the 13 years beginning 01/01/00—the 13 toughest investing years of the new millennium!—I have been able to compound my personal wealth at an 11% annualized rate. This holds up well against the pros. I am also fairly good at distilling complexity down to simplicity and seem to be a congenital contrarian. I also have been a devout follower of Austrian business cycle theory—i.e., free market economics—since the late 1990s.4
Each review begins with a highly personalized analysis of my efforts to get through another year of investing followed by a more holistic overview of what is now a 33-year quest for a ramen-soup-free retirement. These details may be instructive for those interested in my approach to investing. The bulk of the review, however, describes thoughts and observations—the year’s events told as a narrative. The links are copious, albeit not comprehensive. Some are flagged with enthusiasm. Everything can be found here.5
by
Adam Taggart
This week, Chris talks with Jeff Clark, Senior Precious Metals Analyst at Casey Research, where he serves as editor of their Big Gold newsletter.
They tackle head-on many of the questions weary precious metals investors are wondering after enduing the volatile yet range-bound price action of gold and silver over the past year:
- Have the fundamentals for owning gold & silver changed over the past year? No
- What are they? currency devaluation/crisis, supply-chain risk, ore grade depletion
- How should retail investors own gold? Mostly physical metal, some quality mining majors (avoid the indices), and ETFs only for trading
- Is gold in a bubble? No
- Could gold get re-monetized? Quite possibly
- Where is gold flowing? From the West to the East. At some point, capital controls will be put in place
Jeff Clark: So How Many Ounces of Gold (or Silver) Should You Own?
by Adam Taggart
This week, Chris talks with Jeff Clark, Senior Precious Metals Analyst at Casey Research, where he serves as editor of their Big Gold newsletter.
They tackle head-on many of the questions weary precious metals investors are wondering after enduing the volatile yet range-bound price action of gold and silver over the past year:
- Have the fundamentals for owning gold & silver changed over the past year? No
- What are they? currency devaluation/crisis, supply-chain risk, ore grade depletion
- How should retail investors own gold? Mostly physical metal, some quality mining majors (avoid the indices), and ETFs only for trading
- Is gold in a bubble? No
- Could gold get re-monetized? Quite possibly
- Where is gold flowing? From the West to the East. At some point, capital controls will be put in place
by
Adam Taggart
by
Adam Taggart
by
Adam Taggart
We're very pleased to announce our participation in the Hard Assets Alliance, our newly endorsed solution for purchasing precious metals.
For years, we've received a continuous stream of questions from readers, all essentially asking where's the best place to buy gold and silver?
While we've done our best to review and present an assessed list of the top bullion vendors, the remaining work readers needed to do in comparing each of them was still more challenging and confusing than we were comfortable with. It's been clear that folks are hoping for a single "best of the best" recommendation.
That's why we were so glad when the Hard Assets Alliance was formed, and we had the good fortune to be invited to be a Founding Member. This new platform offers so many clear advantages to customers that we were happy to throw our support behind it.
Our New Endorsed Solution for Purchasing Precious Metals
by Adam TaggartWe're very pleased to announce our participation in the Hard Assets Alliance, our newly endorsed solution for purchasing precious metals.
For years, we've received a continuous stream of questions from readers, all essentially asking where's the best place to buy gold and silver?
While we've done our best to review and present an assessed list of the top bullion vendors, the remaining work readers needed to do in comparing each of them was still more challenging and confusing than we were comfortable with. It's been clear that folks are hoping for a single "best of the best" recommendation.
That's why we were so glad when the Hard Assets Alliance was formed, and we had the good fortune to be invited to be a Founding Member. This new platform offers so many clear advantages to customers that we were happy to throw our support behind it.
by
Chris Martenson
This report lays out an investment thesis for gold and one for silver. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.
The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.
Introduction
In 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these holdings represented 100% of my investing portfolio. So I dug into the economic data to see what I could discover. What I found shocked me. It's all in the Crash Course in both video and book form, so I won't go into that data here.
By 2002, I had investigated enough about our monetary, economic, and political systems that I decided that holding gold and silver would be a very good idea, poured 50% of my liquid net worth into precious metals, and sat back and watched.
Since then, my appreciation for and understanding of the role of gold as a monetary asset and silver as an indispensable industrial metal have deepened considerably.
Investing in gold and silver is still a good idea. Here's why.
Why own gold and silver?
The reasons to hold gold and silver, and I mean physical gold and silver, are pretty straightforward. So let’s begin with the primary reasons to own gold.
The Screaming Fundamentals For Owning Gold And Silver
by Chris MartensonThis report lays out an investment thesis for gold and one for silver. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.
The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.
Introduction
In 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these holdings represented 100% of my investing portfolio. So I dug into the economic data to see what I could discover. What I found shocked me. It's all in the Crash Course in both video and book form, so I won't go into that data here.
By 2002, I had investigated enough about our monetary, economic, and political systems that I decided that holding gold and silver would be a very good idea, poured 50% of my liquid net worth into precious metals, and sat back and watched.
Since then, my appreciation for and understanding of the role of gold as a monetary asset and silver as an indispensable industrial metal have deepened considerably.
Investing in gold and silver is still a good idea. Here's why.
Why own gold and silver?
The reasons to hold gold and silver, and I mean physical gold and silver, are pretty straightforward. So let’s begin with the primary reasons to own gold.
by
Adam Taggart
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