Be Audacious

"Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. What you think is attainable is just a function of what you know at the moment. Once you start your pursuit you will learn a lot, especially if you triangulate with others; paths you never saw before will emerge."

 Ray Dalio, September 2020

Gold Will Go Higher

Q: Berkshire Hathaway recently made a 500 million dollar investment in Barrick Gold. Any views on that?

A: I don't own any gold shares at the moment. I prefer the real stuff. But if I'm right, if they're right, the price of gold and silver precious metals is going to go higher.

Video: Interview With Bloor Street Capital

 

Topics: 

- investing with George Soros

- incredible returns are possible, there are always plenty of opportunities

- some things are overvalued right now

- shorting asset bubbles is very difficult

Real Estate: Dramatic Changes Going On Right Now

A lot of kinds of real estate are going through dramatic changes right now. Offices, commercial real estate, shopping centers... a lot of kinds of real estate are going through dramatic changes right now.

You could go to Canada or Australia, there are many places where you can go and buy property. I wouldn't buy property in Sydney, I might buy it in the outback in Australia.

We have been doing home delivery for 10 years but now it's accelerating. Getting food delivered at home and other things delivered at home... That's one of the problems for real estate as i said before. There's not so much need for all these shopping centers and department stores anymore. so all of this is changing and it's accelerating.

Commodities Are Cheap, Bonds Are In A Bubble!

I'm looking at all asset classes in all countries and commodities seem to be the cheapest

asset class in the world right now. Certainly not government bonds. Government bonds are a bubble.

I look at assets and I see government bonds are the most overpriced in the world and agriculture is probably the cheapest in the world right now.

Marc Faber: Peak Activity Will Not Come Back For Years

 

Dr. Faber says that the economy will not recover for years. 

Marc shares his thoughts about the economic recovery and how long will it take for economies to get back to peak activity. 

Other topics:

- the effectiveness of MMT. 

- Keynesian economics.

How Will The U.S. Pay This Enormous Debt?

In previous economic hard times companies that people never thought could go bankrupt collapsed don't think it cannot happen it has happened and it will happen again. 

Six months ago the United States was the largest debtor nation in the history of the world. We never had any other country been so deep into debt. Since then the U.S. has increased its debt by trillions with a T, trillions more. 

If you give me a few trillion dollars I will show you a very, very good time. We will all have a wonderful time with a few trillion dollars but somebody eventually has to pay the price because somebody has to worry about paying it back.