Rick Rule: Gold is stupidly underowned.
Today, almost nobody owns gold.
- Rick Rule: ~0.5% of US financial assets are in gold.
- Goldman Sachs: ~0.18%.
Goldman estimates that every additional 0.01% allocation to gold would increase its price by roughly 1.4%.
For perspective, the 40-year average allocation is roughly 4%.
Historically, gold performs best when purchasing power is being destroyed.
Meanwhile, inflationary pressures continue to build:
- US M2 money supply is growing at the fastest pace in 5 years.
- The war in Iran is escalating.
- Governments around the world run massive deficits.
- Debt across the developed world continues to grow.
Yet gold remains one of the most underowned assets in the world.
Gold isn't something you buy because you're certain a crisis will happen tomorrow.
Gold is insurance...
And you buy insurance before there's an accident.
Now it's clear why American billionaires hate China so much. They poured billions and billions of dollars into AI and overnight China released the same Open Source AI and crashed their expencive prices
Ben Gvir is posting videos showing off the execution chamber where he will exterminate thousands of Palestinian hostages.
Imagine if Hitler broadcast videos of his gas chambers to gloat like this.
A la misma vez que el régimen de Trump promete perseguir el "radicalismo de izquierda", en EEUU una pastora cristiana evangélica, que se llama a sí misma como un "apóstol", entrega los poderes de dios a quién le compre uno de sus libros.
Estas sectas son millonarias y tienen mucho poder... pero el peligro según Trump es la gente de izquierdas.
I just saw the body of a little girl, her skin grayed and covered in ash, being wrapped in a sheet. Her torn leg was laid next to her.
The decline in reporting isn’t because the daily horrors in Gaza are over, Israel is killing Palestinians every day.