ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
February 23, 2024 | Attention Shoppers, Gold on Sale in Aisle Five
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
Institutional investors shun green agenda
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Bob Hoye Archives February 23rd, 2024
Posted In: HoweStreet.com Radio
Hi Bob and Jim. Bitcoin to all new time highs! Most of the indices to new highs! There seems to be no “wall of worry”, no expectation of a “hard landing”. Bob, assuming this is a “blow-off” top, could it be the biggest balloon burst of all time? Bob, where is all this money coming from that is inflating these markets given central bank tightening and consumer credit getting tapped out? Second question. Not long ago financial pundits would say, “Have 2-4% gold and maybe some bitcoin in your portfolio”. Recently they are saying “Have 5% bitcoin in your portfolio and maybe a little gold”. Bob, I’m confused. Has bitcoin replaced gold? Also, I would think that a lot more than 2-4% in gold would be needed in a financial collapse to protect one’s portfolio. How much gold should we have?
Hi Bob & Jim, I read today that the US penny costs 2.72 cents to produce and the US nickel costs 10.4 cents to produce. What does financial history tell us about these types of events, especially as they relate to the senior currency country at the time ? Thank you very much.