On a crazy day like today, probably best to simply have a good vino or scotch and wait for the dust to settle. Finally the almost everything bubble comes to an end. It's a real shame that everything will be blamed on the coronavirus and not the central banks that created all these bubbles -- for sure on purpose. Instead they will be looked at as the heros, now flooding the markets with trillions of fiat.
We know from a long history, that gold is the nr 1 goto safe haven asset. Over the weekend and today BTC crashed 15%, while the DOW was only down 7.36% and gold about flat. Crypto haters now claim that BTC is not a safe haven asset.
This morning, there is more mass fear in the market. Covid19 is maybe the trigger to end the almost everything bubble.
On popular request, I share the structure of my portfolio during these difficult times. Most of my portfolio is to buy and forget. The challenge is, the more you learn about any topic, the more exciting it becomes. Mining for example is so much more than a whole in the ground, but at the end of the day it's all about people.
Just a few bullet points to show in what a crazy world we live. When the music stops, I hope you are in the few asset classes that are hard assets.
My favorite things in life don't cost any money. It's really clear that the most precious resource we all have is time. - Steve Jobs; taking into account he died so early of cancer, this quote makes even more sense.
Today I want to share one of my favorite authors: Haruki Murakami.
Greg Hunter interviews Bill Holter. Now is a very good time to buy Gold.
Gold has been around for 5,000 years. It never failed.