“As Long as the Music is Playing, You Have to Get up and Dance” This memorable and now infamous quote by CEO Chuck Prince, describing Citigroup’s commitment to leveraged buyouts in the summer of 2007 as the sub-prime meltdown was unfolding, resonates as a cautionary tale. In congressional testimony, Prince later defended his statement and…
The Conundrum of the Gloom and Doom Prediction: A Pragmatic Approach As some of you know, I also serve as CEO of Wealthion, a sister company of Hard Assets Alliance. The Wealthion YouTube Channel has been accused of featuring too many “gloom and doom” guests (yet these “G&D” videos typically get more views than their…
As we close the book on 2023, it is important to reflect on the year’s considerable challenges. We began the year with a continuation of 2022’s economic uncertainty, soaring inflation, rising interest rates, as well as war, dysfunctional government, societal divisiveness, and climate volatility. Throughout 2023, not a single issue on this list has meaningfully…
I recently attended a major pension fund conference where a number of highly decorated speakers shared their perspectives about the present global geopolitical and economic terrain. Although gold was not the centerpiece of these discussions, the synthesis of insights from these renowned thought-leaders bolstered a simple yet profound case for gold. The Inexorable Case for…
The ebb and flow of gold cycles have the power to create large fortunes… And today, we stand on the cusp of an extraordinary opportunity, one that history may remember as the dawn of the most lucrative gold cycle yet. At least, that’s what Tavi Costa believes. Tavi has worked as a Partner and Macro…
Beware The Math How the Appearance of Precision Undermines Investment Decision MakingIt is comforting to know that two plus two unequivocally equals four, regardless of one’s belief system or mood. As such, math, with its objective clarity and indisputable certainty, has always served as a compelling basis for decision-making. However, it’s crucial to tread cautiously…
As widely expected, the Fed raised interest rates last quarter, dampening gold’s ascent and impacting other markets as well. This was the backdrop for the third quarter of 2023. Our quarterly report summarizes how gold and other major asset classes performed in Q3 and year-to-date. We also list the major catalysts to watch in the…