We know
the world has a money problem of various
sorts. We know that everything has been
changed by the computer and will continue to be. So, yes the computer and the
Internet are going to change money as we
know it. If you go to China right now, people don't have money. It's
astonishing the minute they buy a cup of
coffee they put their phone on the thing
and there's a cup of coffee paid for.
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Monday, November 20, 2017
Friday, November 17, 2017
A Different Kind Of Diversification
Jim Rogers explains why you should have more than one passaport and more than one house to live in different countries.
Tuesday, November 14, 2017
You're Going To See Bankruptcies In China
Even China has debt and
you're going to see bankruptcies in China
which is going to shock a lot of people
including me and I know what's coming. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))
Monday, November 13, 2017
The Worst Financial Crisis In Our Lifetimes
We're going to have the worst financial crisis in our lifetimes because of the debt. There is no question that the debts are now staggering. We've never seen the likes in the world and in Japan they have zero interest rates, negative real interest rates so if interest rates ever go up to 2%, it totally destroys Japan.
Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index
Friday, November 10, 2017
Gigantic Trauma Is Coming In The Debt Markets
There is no question that gigantic trauma is coming in the debt markets and many debts are going to be wiped out whether it's by bankruptcy or military action or who knows what, there's no question about it.
Thursday, November 9, 2017
Q: Are you buying or selling gold at the moment?
Neither at the moment. I own a lot of gold and silver. I haven't bought any serious gold in a few years.
I'm waiting for gold to go down more at which point I hope I'm smart enough to buy a lot more gold because before this is over gold is gonna go up a lot, it's gonna get very overpriced, it might even turn into a bubble. I hope it doesn't turn into a bubble because then I'll have to sell and I don't want to ever sell my gold, my children will have my gold someday. But no, I am a potential buyer, I have never sold any, I don't expect to sell any gold unless and until it becomes a bubble someday.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)
I'm waiting for gold to go down more at which point I hope I'm smart enough to buy a lot more gold because before this is over gold is gonna go up a lot, it's gonna get very overpriced, it might even turn into a bubble. I hope it doesn't turn into a bubble because then I'll have to sell and I don't want to ever sell my gold, my children will have my gold someday. But no, I am a potential buyer, I have never sold any, I don't expect to sell any gold unless and until it becomes a bubble someday.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)
Wednesday, November 8, 2017
Sooner or Later Governments Are Going To Crack Down On Crypto Currencies
Governments could issue their own crypto currencies, they could control it that way because governments don't like any of this. They don't like gold for that reason, they want to be able to control everything.
Related trading instruments: Bitcoin, SPDR Gold Trust ETF (GLD)
Tuesday, November 7, 2017
Investing: My Thoughts On Japan
Japan has staggering debt as we all know, they have a declining population and the debt is going through the roof. Mr. Abe says he's going to do whatever it takes, he'll print as much money as it takes and he'll spend as much money as it takes. That cannot last. It never occurred to me that the next financial crisis might start in Japan but Japan is certainly certainly going to be a big problem!
By the way I own Japanese shares and I'm buying more Japanese shares today just so you know but if I were a ten year old Japanese I would get myself an AK-47 or I would leave because in his lifetime or her lifetime that place is going to be a disaster.
Related trading instruments: Nikkei 225, Topix Index, iShares MSCI Japan ETF (EWJ)
Monday, November 6, 2017
Currencies: I Expect The UD Dollar To Move Higher
I have a lot of US dollars because when the turmoil gets worse many people look for a safe haven. Investors think the US dollar is a safe haven. It's not, America is the largest debtor nation in the history of the world and the debts are going higher but everybody thinks it's a safe haven so the US dollar will go higher and it might even turn into a bubble. I hope at that point I'm smart enough to sell it and put my money somewhere else. It might be gold, who knows where it will be but at the moment I own a lot of US dollars.
Friday, November 3, 2017
Q: Where To Invest (Iran, Nigeria or Kazakhstan)?
Iran, Nigeria or Kazakhstan... Well, my first reaction is Iran but it would be very, very difficult for me because I'm an American. So, I guess I would have to say Kazakhstan. (iShares MSCI Emerging Markets Index ETF (EEM))
Thursday, November 2, 2017
Chinese Shares: My Plan
I haven't sold any Chinese shares and I have been investing there for decades. My plan is that my children someday are going to look back and say, "He must have been very smart, oh! God look at all these Chinese shares, we've got rich!" That's my plan but if things develop in certain ways I'll have to sell, I mean if for instance a bubble develops I have to sell. So, I may sell some of my Chinese shares between here and there. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))
Wednesday, November 1, 2017
Fintech, Banks and Technology
My children will never walk into a bank branch when they become adults as by then all the banks along the streets will be replaced by computers and certainly mobile phones. (Citigroup (c), Wells Fargo (WFC), JP Morgan (JPM), Bank of America (BAC))
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