We’d like to think that all people have a sense of compassion and fair play, but this isn’t so. Roughly ten percent of all people, in any population, are estimated to have traits associated with narcissism. Roughly four percent are estimated to be sociopathic and one percent are estimated to be psychopathic.
If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street is bailing on unicorns and blue-chip stocks and shifting into gold and silver...
Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s. Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver.
Many readers liked the tables we presented of possible gold/S&P 500 ratios and what that would mean to prices of each asset. If you didn’t catch it, check out what the future could look like for gold vs. the stock market. Given the current action in stocks and precious metals, I decided to run the same scenarios for silver. In other words, if the silver/S&P 500 ratio returned to any of its past highs, what would the prices for each look like? Hold on to your hats, because the title of this article was no exaggeration…
Dear Main Street and Wall Street Investor, I’m a pretty nice guy. But you may not think so if what I outline below comes to pass.
You see, over the next few years, I’m going to steal cash right out of your brokerage account. It’ll go from your portfolio to mine.
It’s not trickery. It’s not even actual “stealing,” of course. That’s because, well, you’re going to give it to me. Willingly. Many of you will even be excited to do so. Here’s how…
Why not? It’s not yours. Most people assume that, if they have money on deposit in a bank, they own that money. That’s not necessarily the case. Decades ago, some of the world’s most powerful countries began to pass legislation that, if you deposit money in the bank, it becomes the property of the bank. In those countries, if you open a bank account and make a deposit, you sign off legal title to that cash. It becomes an asset of the bank.
If you haven't noticed, silver’s on the move. The price reached a new 52-week high yesterday. And the gold/silver ratio—an indicator many analysts, including me, track to determine if one or the other metal is lagging its historical performance—has fallen 8% over the past eight trading days.
Here we have an image from 2008. It records a Zimbabwean, making a visual comment on the fact that, in a matter of months, his country experienced government–driven hyperinflation that left him broke. In July of that year, inflation stood at 3500% per month. In order to cope with hyperinflation, the Zimbabwe government simply printed currency notes in ever-increasing denominations, the highest being one hundred trillion dollars. Yes, that’s $100,000,000,000,000.
In this article, precious metals expert Mark Yaxley, General Manager for Strategic Wealth Preservation in the Cayman Islands, addresses a common question asked by investors who are thinking of buying precious metals; “Should I buy gold or silver? Which is better to own?”
The dominos are in position. What do you view as the greatest threat to your wealth… inflation? A stock market crash? A world war?
While all of these could greatly impact an investment portfolio, the one thing that would hurt it most is if you couldn’t get to it. Regardless of the reason, if you can’t access some portion of your wealth, it’s essentially worthless to you. This is the core rationale behind internationalizing one’s assets.