You can call it a renaissance for precious metals: 2019 was the official end of gold’s bear market and the beginning of a commodity super-cycle that will make the history books.
More than any specific tactic or “investing hack,” building wealth is a function of your frame of mind: how you envision your investments and take them from potential to fruition. At its core, the billionaire mindset is all about seeking and finding opportunities where others just can’t see them.
China’s economy is performing POORLY; in fact, it is in massive trouble. The Debt/GDP ratio is something out of a horror film and they’ve just cut rates again!
Most people think that today’s wealth gap and income inequality circumstances are outrageous, but in the coming downturn, in the heat of the crisis and the ensuing transfer of wealth, the PAIN will become unbearable and even greater.
This has been an incredible year to be an investor. We’re up, across all sectors. Since December’s -19.2% drop, September 2018’s bottom in gold, and December’s bottom in Bitcoin, it’s been an OCEAN OF GREEN!
On Monday, Trump and Mnuchin met with FED Chairman Powell at the White House. They discussed many topics, but from the looks of it, nothing major came out of it.