Source: Lior Gantz for The Gold Report 04/02/2017
Risks to the global economy was the main topic of the conversation between precious metals expert Jim Rickards and Lior Gantz, editor of Wealth Research Group.
On the 28th of March, I sat down for an interview with New York Times Best-Selling Author James Rickards, and we mainly discussed risks to the global economy.
What I wanted to do is compare Rickards’ asset allocation to my own suggested portfolio for this year.
Right off the bat, Rickards noted that owning safe havens is a must—preferably a smart combination of them.
I am personally getting interested in cryptocurrencies, specifically in this new one that has “Bitcoin” potential.
But most of all, I was surprised that a man who wrote four books about the coming economic collapse is bullish on private equity.
From reading his work, I know that junior gold stocks are an asset class he is extremely bullish about, especially considering his price target for gold exceeds $10,000 per ounce.
I personally know—after having spoken with over 45 management teams in the first quarter of 2017—that most of them will see a huge rise in investor interest if gold surpasses $1,350.
What they are most concerned about is the lack of discoveries. There hasn’t been a meaningful one in over a decade, and these large-cap companies have a ton of cash to “blow” on mergers—there is no other alternative.
Five years of a brutal bear market have decimated cash flows for the majors, but 2016 cleared all that out.
The largest producer and consumer is China, and they have an unending appetite for gold.
The best strategy for boiling down which junior companies (and their lucky early …read more