In our 2022 book “The Big Bribe", we pointed out 5 Megatrends that would power this bull market higher into at least 2030 (and likely well into the 2030’s). One of those Megatrends was the enormous wealth and influence on the markets from the Millennial Generation…a chapter that @therriage18 wrote…and a powerful investing theme that even to this day you’ll find few talking about in the MSM.
Here are the facts: Millennials are now the largest segment of the population (72 million) and are in the process of inheriting ~$85 trillion, making them the wealthiest generation in history. They were born into the age of technology, understanding tech at a DNA level (important for this innovation revolution).
Importantly, millennials love investing in equities, housing & cryptos and are entrepreneurs. They also know that leaving their money in a bank is a fool’s errand as they’ve seen the damage that currency inflation has inflicted on their parents over the years. If you wonder where this mountain of retail buying is coming from, and why dips continue to be bought, look no further than the millennials.
Extraordinarily bullish, long term theme for our financial markets. And they’re only getting wealthier…and more aggressive.
Our new book is out: “The Big Bribe: Financial Engineering and How To Profit From The Great Bull Market Ahead".
Everything that’s happened over the last 20 yrs is connected, including the red-pilled risk-on melt up that’s dead ahead.
https://t.co/ZmgpOFWfSM
For those asking about our views on gold/silver and miners post this extreme OB technical shakeout, here it is;
In 2003, we first recommended gold @ $375/oz and silver @ $5/oz, when at the same time we recommended "saving" in gold, rather than a fiat currency based bank account.
Over the last 2 decades we've been pounded by financial planners telling us how "irresponsible" that recommendation is. But is it? Had you put $100k in gold in 2003 it would be worth more than $1 million today while that same $100k in a money market acccout would be worth approximately $70k today (both after inflation).
So what are we saying today? The same thing we've said for more than 2 decades; continue to use dollar cost averaging to save in gold, rather than fiat. Cash continues to be trash. Our LT PT is $15,000. And yes, the leverage is in the miners; absolute fortunes will be made in gold miners over the next several years.
Vertical Research Advisory, LLC