This week I cover a bit more, including some Substack newsletters I recommend, a list of ETFs and gold stocks, chart pattern of the week on Intel, and a bit more.
Love the mental health and gold etf suggestions. Sad our purchasing power is eroding. Just signed up for you your beta trade alerting service. I’m always looking for ideas!
I think Barry Ritholtz observed that if you have dollar denominated assets the "purchasing power" of the dollar has been stable if not rising. See, e.g., the "Wealth Effect." The Dow in 1910 was at 74 mol. Now it's 33,816, or 457 times higher. In 1940, median price of a home was $2,938. Now it's $380,000. 129 times "more." Not apples to apples, but examples. This discounts the fact that our Gini coefficient was 42.5 a few years ago, up there with Iran and Haiti, much higher than W Europe and less than say Mozambique and Hing Kong....Higher is lore unequal lower is equal to save time looking it up (CIA Factbook).
Thanks Six Bravo. I like royalty companies and own two. They are great when inflationary drivers cause mining costs to rise. In that environment royalty companies outperform.
I agree with your comment. I will add, however, it's the asset you own that holds your purchasing power, not the denomination in which it is "held". Holding dollars is what kills purchasing power. Holding assets in general is the way to build wealth. Gold has been a stable form...consistent, less volatile. Other assets, like housing, have proven to do extremely well historically (and obviously). From there, the asset does well or not as well depending on where we are in the cycle. Financial asset vs hard asset, etc.
Love the mental health and gold etf suggestions. Sad our purchasing power is eroding. Just signed up for you your beta trade alerting service. I’m always looking for ideas!
Roger that! Thanks for signing up! Feedback always welcome.
I think Barry Ritholtz observed that if you have dollar denominated assets the "purchasing power" of the dollar has been stable if not rising. See, e.g., the "Wealth Effect." The Dow in 1910 was at 74 mol. Now it's 33,816, or 457 times higher. In 1940, median price of a home was $2,938. Now it's $380,000. 129 times "more." Not apples to apples, but examples. This discounts the fact that our Gini coefficient was 42.5 a few years ago, up there with Iran and Haiti, much higher than W Europe and less than say Mozambique and Hing Kong....Higher is lore unequal lower is equal to save time looking it up (CIA Factbook).
Thanks Eric for the recommendation. Much appreciated!
Of course!
Thanks for the mention Eric.
Yup...it resonated with me. Good job.
Great article, I loved it. Good tips Eric, keep up the good work!
Thanks Ted!
Intriguing perspectives. Thanks for sharing.
What are your thoughts on precious metal royalty companies?
Thanks Six Bravo. I like royalty companies and own two. They are great when inflationary drivers cause mining costs to rise. In that environment royalty companies outperform.
Thanks for the reply, Eric! Yeah, we agree with your assessment. That were we are most long in the gold space.
Awesome…and yes, great place. Less risk.
I agree with your comment. I will add, however, it's the asset you own that holds your purchasing power, not the denomination in which it is "held". Holding dollars is what kills purchasing power. Holding assets in general is the way to build wealth. Gold has been a stable form...consistent, less volatile. Other assets, like housing, have proven to do extremely well historically (and obviously). From there, the asset does well or not as well depending on where we are in the cycle. Financial asset vs hard asset, etc.