COVID: Politicians Are Overreacting

On the newswires right now:

SCOTLAND BANS PEOPLE FROM VISITING OTHER PEOPLE'S HOMES

We’ve had worldwide epidemics before but never before have politicians reacted the wrong way.


"In 2009 we had the H1N1 virus in America. Well, they didn't close McDonald's, they didn't close the airports. This time for whatever reason politicians, academics and journalists seem to have overreacted and said we have to close the whole world.

We've had many epidemics and never before have we closed the whole world. So in my view, they made mistakes and that's what has made this so horrible." - Jim Rogers, September 2020

Ray Dalio Sets Up Tent Offices In The Woods

This is an interesting move to protect workers from COVID:

"Ray Dalio's Bridgewater hedge fund has set up tents in the woods near its headquarters so traders and other staffers can breathe fresh air while they work during the pandemic": Hedge fund Bridgewater set up tent offices in the woods to beat COVID-19

Gold Will Continue To Do Well

I expect gold to continue to make new highs; silver is down about 45 per cent from its all-time high. I would expect silver to make all-time high too, before this is over. Silver is certainly cheaper than gold on a historic basis. I would expect both to continue to do well, because the world is going to have problems in the next few years.

Investing: India Is Hot!

There is so much money being printed nearly everywhere and spent. So it has got to go somewhere. Emerging markets were also beaten down a lot. So we are seeing them rally. Look at what is happening in India. Everyone is investing there now. It is hot!

Precious Metals: Silver Will Make An All-Time High Too

I expect gold to continue to make new highs; silver is down about 45 per cent from its all-time high. I would expect silver to make all-time high too.

Related trading instruments and tickers: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)

Investing: I Do Not Remember A Time Like This

 

Highlights:

- How COVID has changed investing

- Countries have overreacted when they closed their economies

- Japanese monetary policy

- Declining population plus debt is an explosive combo for Japan 

COVID: Closing Economies Was A Mistake

We’ve had worldwide epidemics before but never before have politicians reacted the wrong way.

In 2009 we had the H1N1 virus in America. Well, they didn't close McDonald's, they didn't close the airports. This time for whatever reason politicians, academics and journalists seem to have overreacted and said we have to close the whole world.

We've had many epidemics and never before have we closed the whole world. So in my view, they made mistakes and that's what has made this so horrible.