Loading ...What he said today is “The #commodities bull market will be the greatest opportunity in your lifetime to get out of the rat race. Every parameter I can think of is in place for the greatest bull of all time. End of the rainbow stuff.“
So it would be interesting to know what his parameters are. Because compared to the noughties run we have high interest rates, nobody can afford a house, China is subdued, tariffs are creating uncertainty (e.g. copper price gyrations!) – his parameters are different to mine. The noughties run did pull me out of the rat race, and a couple of the kids are wondering if there are any similar things happening that they can use to do likewise, especially with house ownership.
Four years ago it was “Inflation is normally a sign of increasing demand and a reasonably healthy economy. The inflation we are getting now is not. It is grounded in debt and a currency debasement war. Hard assets is the way to go. DO NOT MISS THE COMMODITIES BULL as it will literally save your life.”
I don’t think people buy commodities for investment purposes. Some large corporations may, whose primary interest is trading commodities to end users, but the ordinary Joe can’t store megatons of coal or iron ore, or Natgas or oil. So although he was accurate in saying that the inflation is grounded in debt and a currency debasement war, well, those are why there wasn’t a commodities bull. They are partly the reason for the gold bull market we had. Consumption drives commodity prices. Point me to a consumption parameter Graddhy!