My one-hundred-and-seventy-first YouTube video: “Trend of the Week The Market is Badly Mispricing” went up today.
Market prices say that investors and traders don’t think things are very risky, especially in the long run. Look at the yields on the 10 and 30-year bonds, for example, despite the fact that we may be entering a recession and are facing potential climate catastrophe. What I lay out here are some possibilities for a very long-term (10-year) risk strategy, including dollar-cost-averaging gold miner Barrick (GOLD) and maybe even some physical gold (GLD), which is cheap on a risk-adjusted basis right now. Be prepared, though for risk hedges like gold to get even cheaper for the next year. But the time to buy is when everybody hates the play–and not when everybody has discovered it.
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Here’s the link:
