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Jim Rickards says $10,000 gold could arrive by mid-2027.
Not because of a forecast — because of arithmetic. Once gold clears a higher base, the next $1,000 step is a smaller percentage move than the last one. Easier, not harder.
Central banks are still buying. Mine supply is still flat. And Rickards calls the Fed's latest rate hike a mistake — fighting inflation it was never built to reach.
Watch the full breakdown: https://t.co/0v0rPLnqdo
Good Morning from Germany, where the China shock is becoming a serious industrial threat. Germany’s 12mth rolling trade deficit w/China has blown out to a record €102bn. At the same time, China is exporting more than 1mn cars a month, while weak domestic demand forces its industrial overcapacity onto world markets. Germany once supplied China w/cars and machinery. Increasingly, the flow is reversing.
BREAKING: Nike stock, $NKE, collapses to its lowest level since September 2014, now down -78% from its all time high seen in 2021.
The stock has now officially erased over -$200 billion in market cap since its record high.
In September 1939, twenty-six-year-old broker at a small Wall Street firm borrowed $10,000 from his boss the week Hitler invaded Poland and the New York Stock Exchange collapsed.
He bought 100 shares of every single stock on the exchange trading below $1. He ended up with 104 companies. Thirty-four of them were already in bankruptcy.
Four years later he had quadrupled his money.
Fifty-three years later he sold the fund he built on top of that trade for $913 million to Franklin Resources.
His name was John Templeton. Queen Elizabeth II knighted him in 1987. He renounced his US citizenship, moved to a small island in the Bahamas called Lyford Cay, and never came back.
In 1985 a PBS crew flew down to interview him for a show called Adam Smith's Money World. Templeton walked them through his garden, sat down in front of a single camera, and gave the only nine minutes of tape that fully explain how he did it.
The Bahamas were not a tax play. He tells the interviewer directly: "In the 22 years we have lived here, the performance of our mutual fund is better than in the 25 years we managed it from Radio City in New York."
Distance from Wall Street was the alpha. Everyone else was reading the same wires, hearing the same rumors, panicking on the same days.
He gives four rules on camera and never adds a fifth.
Search the entire world for the cheapest company relative to what you believe it is worth. Ignore whether the market is going up or down — nobody knows and it does not matter. Buy at the point of maximum pessimism, when the newspapers are worst. The four most dangerous words in investing are "this time it's different."
Then he delivers the line that has never been printed on a Templeton fund brochure: "To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards."
He died on July 8, 2008 in Nassau, Bahamas. He was 95.
The full interview is nine minutes and fourteen seconds. It was uploaded to YouTube in November 2020 and has 2,270 views. That is roughly the number of people who work on a single hedge fund floor in Manhattan on any given morning.
Bookmark and watch today ↓
The Physics of Money
Every monetary instrument has a natural frequency — the time you need to hold it to use it as money.
Digital Capital: ~4 years
Digital Credit: ~4 months
Digital Money: ~4 days
Digital Currency: ~4 hours
🚨 BREAKING: 🇺🇸 63 U.S. banks are on the verge of collapse, with staggering losses of $517 billion, according to the FDIC. This is a wake-up call for everyone who still relies on traditional banking systems.
Global bond markets have caught on fire. The most notable spike in long-term yields is happening for the US and France, but at this point the rise in long-term yields is truly a global phenomenon. Reckless fiscal policy is catching up with governments...
https://t.co/GRXneqxjUD
🚨 WARREN BUFFET WARNS THAT THE US DOLLAR IS ON THE BRINK OF TOTAL COLLAPSE
He’s sitting on a record $380 BILLION IN CASH, not investing a single dollar because he says the stock market has turned into a CHURCH WITH A CASINO ATTACHED and he no longer understands what’s happening.
“I understand fewer of the businesses as a percentage of the whole than I did 10 years ago.”
When asked if a catastrophic market crash is coming, he chillingly replied:
“IF YOU SAW IT COMING, IT WOULDN’T HAPPEN.”
This is the same man who built Berkshire Hathaway into a $1 trillion empire… and now he’s preparing for the worst financial disaster of our lifetime.
He effectively warned about creditors losing confidence on the U.S. Treasuries.
And guess what…
Yuto also revealed that Bank Of Japan discussed a worst-case scenario where dollar loses its reserve status due to loss of creditor’s trust.
Japan dumping their U.S. Treasuries holdings would trigger that catastrophe.
🚨 WARNING: THE U.S. JUST HIT A BREAKING POINT
🇺🇸 THE 30Y BOND YIELD JUST HIT 5.29% - THE HIGHEST LEVEL SINCE JUNE 2007!
THE LAST TIME YIELDS WERE THIS HIGH, THE U.S. ECONOMY FELL INTO RECESSION, AND THE STOCK MARKET CRASHED 57%.
NEARLY TWO DECADES LATER - THAT EXACT LEVEL IS BACK!
THIS IS EXACTLY WHAT EVERYONE HOPED WOULDN'T HAPPEN AGAIN!👀
BUT...
Booking Tony Robbins today costs $1 million for a single day. this is a 21-minute tape from inside his own house, filmed over 30 years ago, where he breaks down exactly how to get anyone to say yes. same $1 million material. completely free.
this is a rare, unfiltered tape from decades before this man started charging billionaires just to be in the room with him.
people give you two excuses when they say no, he says. not enough time. not enough money. neither is true. the real reason is they don't believe it's worth it yet, and that's not a money problem, that's a state problem.
so he teaches something he calls attack and confess. instead of arguing with the objection, you confess your own. "I had a chance to go to this thing six months ago and I didn't go until two months ago," he tells the room. "I can't even imagine the time I lost." the room goes quiet. nobody argues back.
he calls it getting someone on the yes train. every small yes you get compounds into the next one, until saying no to the final ask feels harder than saying yes. by the time he asks someone to sign, he says, they've already agreed to it five times over without realizing it.
21 minutes. that's all it takes to walk away knowing the exact two moves people pay $1 million a day to learn: how to read anyone's state, and how to move it. most people spend years in sales guessing at this. he wrote it down on a flip chart in his living room in under half an hour.
a seat in that room cost $125 back then. today it's a $1 million-a-day to sit in front of him.
The tape is free right now, and the answer is in this video.
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Stop scrolling! You are draining your life away!
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