The Coronavirus in terms of impacting economic activity and resource demand
Lobo Tiggre joins me for a look at the economic impact of the Coronavirus. We stay away from the medical side of the discussion and focus on how China is being impacted and how this impacts different resources. We also touch on how the precious metals have been trading compared to the US markets this year.
Personally I have a mix of assets in real estate, cash, permanent insurance, a retirement fund that is in the general markets and some overseas markets, and in my speculative trading account is where I focus more on the resource stocks.
I have bigger returns in my trading account than my retirement account because of the high volatility and moves in the miners, so that is why I like them, but I’m actually more conservative in my investments overall. I could never dump all my assets in any one sector, but respect the conviction of those that do and win big, but it is a HUGE gamble. There are also countless folks that go “all-in” on a asset class like biotech, gold/silver miners, cryptocurrencies, cannabis stocks, esports, artificial intelligence, etc… and get their clocks cleaned, blowing up their accounts and doing significant damage to their net worth or worse, creating a crisis that would not have happened if they hadn’t have leveraged everything on a speculation.
“Peace for Our Time”
The coronavirus is a looming economic problem.
February 13, 2020 | By Scott Minerd, Global CIO
The Stansberry people have a podcast tonight showing over 55,000 listeners what to buy and why in order to take part in the big melt-up of the stock markets in the US. Some big names in PMs suggest that the good times in gold are about three years out………….Question: Why are we talking about PMs and keeping money tied up in gold shares? Perhaps the prudent thing to do is dump them all and buy the QQQs. Just wondering…….