Is It Time to Rethink the 60/40 Portfolio?

Investors who use a 60/40 portfolio had a rough year. In the past, putting 60% in stocks and 40% in bonds has often helped investors hedge against losses in either asset class. But 2022 had other ideas. Below is a scatter plot of returns for the S&P 500 (the x-axis) […]

[Read More]

The 5 Most Popular Stories Of 2022: It’s All About The Gold

December 23, 2022 Any way you slice it, 2022 was a turbulent year, from Russia’s invasion of Ukraine to historic inflation and jumbo rate hikes to multiple failures in the digital asset space. These have had wide-ranging implications for the world of finance that are sure to carry over into […]

[Read More]

Ignition! Fusion Energy Comes Closer to Being a Reality

If all of your attention was consumed by Sam Bankman-Fried’s arrest this week, you may have missed news of a major, highly disruptive scientific breakthrough, with exciting investment opportunities. Scientists at the Energy Department’s Lawrence Livermore National Laboratory (LLNL) in California announced the first-ever demonstration of fusion “ignition.” This means […]

[Read More]

Respected Analyst Calling for $3,000 Gold Next Year. I Believe It Could Hit $4,000

Author: Frank Holmes Date Posted: December 9, 2022 Will 2023 be the year that gold hits $3,000 an ounce? Ole Hansen, respected commodity strategist at Denmark’s Saxo Bank, says it’s possible once markets realize that global inflation will remain hot despite monetary tightening. I believe, as I’ve said before, that […]

[Read More]

U.S. Consumers Defy the Odds Ahead of the Holiday Shopping Season

The economy may be on shaky ground, but you wouldn’t know it by looking at U.S. consumer spending habits alone. Retail sales rose a healthy 1.3% in October from September, according to Census Bureau data. Some economists put the increase into context by pointing out that Amazon held a Prime […]

[Read More]

Decentralized Assets Like Gold And Bitcoin Are Looking More And More Attractive

As I see it, decentralized assets have never looked more attractive than they do now. That includes gold, silver and Bitcoin, and you could also make the case for collectibles like art. By “decentralized,” I mean that these assets are not issued by a central authority. They are no one’s […]

[Read More]

Will Zuckerberg’s Metaverse Bet Pay Off?

In 1990, a new tech start-up was spun out of Apple to invent the future. General Magic, as it was called, was a veritable dream factory. Over the course of its 12-year existence, its founders—former Apple engineers who had helped bring the original Macintosh computer to fruition—developed technologies and applications […]

[Read More]

PayPal, Kanye and CBDCs

Readers of a certain age will remember Carnac the Magnificent, Johnny Carson’s recurring alter ego. As Carnac, the late-night host would list off three seemingly unrelated words, all of which answered a question that was sealed in an envelope that he held to his forehead. Today we’re going to play […]

[Read More]

Gold Mining Stocks Just Flashed a Bullish Signal

Gold fell for the sixth straight month in September, a losing streak we haven’t seen since 2018, as the Federal Reserve undertakes its most aggressive rate hike cycle in recent memory. The central bank has added close to 250 basis points (bps) so far this year in its fight against […]

[Read More]

Top 10 Central Banks Have Raised Rates a Combined 2,000 Basis Points So Far this Cycle

This week marked the official start of autumn—or so we’re told. Here in San Antonio, the daytime high temperatures are still hovering in the mid-90s. The week also felt like a huge pivotal shift in global central banks’ fight against sticky price inflation. Monetary policymakers added 350 basis points (bps) […]

[Read More]

Oil Investments Are Expected to Make this Texas University the Nation’s Wealthiest School

The University of Texas at Austin (UT), just a couple of hours up the road from our headquarters in San Antonio, may soon unseat Harvard as the wealthiest school in the U.S. How has it managed to do this? In a word: Oil. At a time when large sovereign wealth […]

[Read More]

Is Europe Changing Its Tune on Nuclear Power?

Winter is coming for Europe, and energy prices are soaring as international sanctions on Russia curb the supply of natural gas, on which many European Union (EU) countries have increasingly become dependent. Continental gas spot prices and futures have already hit record highs, and this week, the massive Russian gas […]

[Read More]

What Constitutes a Recession? It’s More Complicated Than You Think

So did the U.S. just enter a recession? It depends on who you ask. As you no doubt heard, U.S. real gross domestic product (GDP) retreated for the second consecutive quarter, falling 0.2% in the June period after a decline of 0.4% three months earlier. For many people, this is […]

[Read More]

King Dollar is Crushing World Currencies. What it Means for Exports and Gold.

If you were considering taking the family on a European vacation, now may be a good time, as the U.S. dollar and euro achieved parity this week for the first time in 20 years. But as someone who was recently in Europe, I urge travelers to be aware that prices […]

[Read More]

Gasoline Prices Are Falling, but at What Cost?

Gasoline consumers around the world, from families to businesses, have had to deal with record prices at the pump for months as global demand has surged past the rate of new supply. Some relief now appears to be on the way, mostly due to recession fears, which I’ll get into […]

[Read More]

Nowhere to Run, Nowhere to Hide

Martha and the Vandellas’ “Nowhere to Run” was one of the hottest singles of 1965, but the classic Motown hit may as well be the official soundtrack of investing in 2022. Not only did the S&P 500 post its worst first-half of the year in over 50 years and fall […]

[Read More]

A New “Pink Tide” in Latin America?

Latin America tilted further left this week as Colombian voters elected to send Gustavo Petro to the country’s presidential palace. Come August, the former Bogotá mayor and member of the violent M-19 guerrilla organization will join the region’s growing list of leftist leaders in a political shift some are likening […]

[Read More]

Gold Has Been One of the Few Bright Spots in 2022 (So Far)

We’re almost halfway through 2022, and so far gold has been the big winner after oil, coal and other commodities. The yellow metal has managed to stay positive since the start of the year, skirting pressure from surging yields and a strong U.S. dollar. Meanwhile, nearly every other asset class—from […]

[Read More]

The Upside to Record High Gas Prices

It’s not all doom and gloom, though. Due to stratospheric oil and gas prices, energy stocks have been the one bright spot in an otherwise dour market this year. Through the end of May, the S&P Oil & Gas Exploration & Production Index gained an incredible 60%, compared to the […]

[Read More]

Which Investments Worked 40 Years Ago When Inflation Was This High?

I just returned home from London, where I was attending and speaking at the AIM Summit, which stands for Alternative Investment Management. Over $10 trillion in assets under management (AUM) were represented among the hundreds of institutional investors, family offices, fund managers and more who were in attendance. One of […]

[Read More]