On FRIDAY, 19 APRIL 2002 Bill Bonner wrote a piece called "THE REVENGE OF GOLD"
Here is an excerpt,
"We’ve been urging you to buy some gold, too, dear reader. Not because we know something...but because we don’t.
There are so many things we don’t know, we hardly know where to begin to describe them. We do not know how long the world will continue to accept dollars in exchange for goods and services, for example. Nor do we know how long American consumers can continue to spend money that they don’t have. Nor do we know when real estate markets might turn downwards, ending the illusion of additional wealth caused by rising house prices. But in a world with so many unanswered questions, gold seems the perfect thing to own."
Hey guys, love listening to your thoughts, been following very closely to your thought process since 2019 based on my own studies and deductions of what is going on. I was wanting to be a paid up subscriber, but a little unsure of what that gets me, any chance you could shoot me an email or point me somewhere i can find it. Thank you
I'm a bit conflicted about gold's rise. On October 28, 2023, I put a significant chunk of money into a prop bet offered by Morgan Stanley. The terms were:
1. The capital is tied up for 2 years.
2. The funds are tied to GLD for those 2 years.
3. if GLD is down at the end of 2 years, you get all your principal back (meaning 0 downside).
4. If GLD is up by no more than 40%, you get whatever it rose to plus your principal back.
5. If GLD ever touches 40% up in that 2 year period, then you get a 20% return plus your principal.
GLD is already up 30% since then. At this point, 40% looks inevitable. A 20% return is better than what I'd get in treasuries. Still, MOST looks to make out pretty well on this prop bet.
On FRIDAY, 19 APRIL 2002 Bill Bonner wrote a piece called "THE REVENGE OF GOLD"
Here is an excerpt,
"We’ve been urging you to buy some gold, too, dear reader. Not because we know something...but because we don’t.
There are so many things we don’t know, we hardly know where to begin to describe them. We do not know how long the world will continue to accept dollars in exchange for goods and services, for example. Nor do we know how long American consumers can continue to spend money that they don’t have. Nor do we know when real estate markets might turn downwards, ending the illusion of additional wealth caused by rising house prices. But in a world with so many unanswered questions, gold seems the perfect thing to own."
I followed his advice.
Hey guys, love listening to your thoughts, been following very closely to your thought process since 2019 based on my own studies and deductions of what is going on. I was wanting to be a paid up subscriber, but a little unsure of what that gets me, any chance you could shoot me an email or point me somewhere i can find it. Thank you
I'm a bit conflicted about gold's rise. On October 28, 2023, I put a significant chunk of money into a prop bet offered by Morgan Stanley. The terms were:
1. The capital is tied up for 2 years.
2. The funds are tied to GLD for those 2 years.
3. if GLD is down at the end of 2 years, you get all your principal back (meaning 0 downside).
4. If GLD is up by no more than 40%, you get whatever it rose to plus your principal back.
5. If GLD ever touches 40% up in that 2 year period, then you get a 20% return plus your principal.
GLD is already up 30% since then. At this point, 40% looks inevitable. A 20% return is better than what I'd get in treasuries. Still, MOST looks to make out pretty well on this prop bet.
I have to say, this is an amazing setup. And with the way gold is going, you'll make out like a bandit. Thanks for sharing.