The Flying Frisby - money, markets and more

Bitcoin is both volatile and cyclical.

You get periods of extraordinary gains. But then you get periods of extraordinary losses. But …

I...

One of the best things you can do with your time is hire a boat that you can sleep on and float up a river for a few days.

Time stops.

Absorb the weather, whatever form it takes, but sunny is best. Breathe in the air. Sleep as the boat gently bobs up and down. Contemplate. Talk. Play games. Eat. Swim.

Peace descends and nothing much matters any more.

I...

Yes, physical gold is a safe haven, but gold also attracts a lot of speculative capital, particularly the paper markets. Gold futures are among the most traded futures in the world, and there is nothing physical about them. So when there is a panic, gold tends to sell off along with everything else as liquidity dries up and everyone rushes to cash.

The US dollar is actu...

Today’s post is short and simple.

Investing is often best done that way.

The short of it is this: a new commodities supercycle has begun. It’s going to last several years. You want to be long natural resources and natural resource companies.

The declining purchasing power of national currencies muddies the waters, but I should say that the eventual price of ...

Good Sunday to you,

This week I’m talking to the goldbugs’ goldbug, Alasdair Macleod.

I’m more of a continued decline, muddle through guy, but Alasdair, as you shall see, is very much in the outright collapse camp and he sees that outright collapse coming soon, as you shall h...