My New Gold Price Mantra: $2,500 by 2025
We check in today on gold. It has climbed to yet another all-time high. Gold approaching $2,300 per ounce is troubling news for some… I mean, it’s fantabulous news for those of us who’ve been in the know for a while and have been methodically scooping up gold here and there to protect our portfolios […]
America’s Two Thucydides Traps Converge This Decade
It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable. – Thucydides, History of the Peloponnesian War Thucydides is quite possibly the world’s first war correspondent. The ancient Athenian military general started writing his History of the Peloponnesian War as soon as hostilities broke out. He was living it while […]
Dogs and Cats Living Together – And That Ain’t Good!
To quote Bill Murray from the classic movie Ghostbusters, it’s “dogs and cats living together.” The second part of his famous quote—”mass hysteria”—I’m reserving judgement on. For now, we’re stick with dogs and cats in cohabitation… The “dogs” and “cats” I’m referencing here are the yields on 10-year Treasury bills and the price of gold. Historically, […]
Dumping Bonds to Buy Bitcoin
Times change. So must my portfolio… Back in 2020, in the months immediately following the pandemic’s arrival, I studied my largest retirement account—a mid-six-figures portfolio—to gauge my tolerance for the crisis I see coming. And I decided that I wanted to sell… pretty much everything. So, I dumped 90% of the stocks I owned, including […]
Wait, What? I’m a Self-Made Millionaire??
Somewhere up above, the spirit of my grandmother is smiling. See, while working on my taxes recently I decided that I needed to make an Excel spreadsheet to keep track of all my assets. I have various bank and brokerage accounts on four continents… and I have to file various bits of information about those […]
Of Rogue Waves and Financial Well-Being…
A rogue wave chased me up the beach. I wasn’t paying attention… reading on my phone as usual… as my barefooted wife splashed along the sand, shoes in hand… Portugal is known for its waves. Up and down the coast, they roll in with size—even on a calm day. On a stormy day, they can […]
Maybe Bitcoin to $1 Million Isn’t Imagenative Enough…
Once upon a time, not so long ago, there was a question I cared about: Can bitcoin really hit $1 million? These days, I’ve tossed that question into the bin because of a more pressing query: Is there a limit to how high bitcoin’s price can go ultimately? The answer: No. The reason: Because there is no […]
How Henry VIII Proves the Value of Bitcoin… and Gold
Inflation is legal counterfeiting. Counterfeiting is illegal inflation. – Robert Breedlove, bitcoin-focused entrepreneur & philosopher By the spring of 1542, British King Henry VIII was in a bad way. His lavish lifestyle and spending on pointless wars had left the monarchy in a financial fix. So, Henry gathered his minions that May—and issued a secret order […]
Why Bitcoin and Gold Both Hit Record Highs
Peanut butter and jelly. Laurel and Hardy. Tom and Jerry. Bonnie and Clyde. We all know them as famous pairs. One without the other seems sacrilegious. To these iconic pairs I will now add “bitcoin and gold” … but not for the reason you might think. Yes, bitcoin is digital gold, as you’ve read here […]
A Crisis Cometh. Or Why Dick Cheney Was a F*cking Idiot
Deficits don’t matter. Let’s start today’s dispatch with a number: $49,350. That, we’re going to pretend, is how much money you earn each year. But you’ve decided that you can’t possibly live the life you deserve on that level of income. So… you’ve instead budgeted your spending for the year at $65,170. You’ll just borrow […]