Opportunity in the Orient
Flash Note;
It has been a while since I issued a flash note for the Whisky Portfolio, but there has been a notable breakout in China, and I believe we should take it seriously.
Charlie Morris
FTSE All-Time High on a Weaker Pound
Trades in Whisky and Soda;
I joined "the city” (London financial district) in April 1998, when the FTSE 100 was flirting with the 6,000 level for the first time. Yesterday, it breached 8,000 some 26 years later. Luckily, I found other things to invest in over the
Halving Doubts
ByteFolio Issue 104;
Bitcoin’s 840,000th block passed without incident. The new block reward is 3.125 BTC, which has dropped from 6.25 BTC last cycle, 12.5 BTC pre-2020, 25 BTC pre-2016, and 50 BTC pre-2012. They don’t pay the miners like they used to. As
The Silk Road
I recently visited Uzbekistan, located in central Asia. Since 2016, when the first post-Soviet Union President Islam Karimov died, the country has opened up to the world and is growing quickly under the new President Shavkat Mirziyoyev. They have embraced the market economy and will welcome an expected 7 million
Rising Conflict and Sinking Bonds
The Middle East is on the brink, and retaliatory attacks may lead to escalation of the conflict. Normally, we would see a flight to quality into US treasuries. That hasn’t happened, which indicates what we have suspected for a long time: that they are no longer the high-quality investments
But Gold Has Done Nothing
Gold doesn’t get the credit that it deserves. Despite having a 5,000-year history in finance, it remains a controversial asset and widely misunderstood. Central banks hoard it because when things go wrong, there’s nothing better. The super-rich hoard it, admiring the diversification benefits and long-term inflation protection.
From Transitory to Debasement
Atlas Pulse Gold Report Issue 92;
When gold can withstand rising interest rates, it tells us that other factors are more important. Inflation is not just about shifting currencies and prices; it is a new bout of monetary debasement, which we last saw in the 1970s.
Highlights
Transitioning from Transitory
