John Rubino and Michael Hampton
Posted by commoditywatch on January 22nd, 2008
John Rubino, author of The Coming Collapse Of The Dollar, talks gold, green stock investing and stock markets.
While Michael Hampton predicts the future rather accurately. (Click here for the charts to go with the interview).
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January 22nd, 2008 at 8:02 pm
Good show. Wide-ranging discussion with JR.
I liked the bit where Dom and John discussed how the “average middle class homeowner is now a millionaire”
But now … WEALTH IS BEING DESTROYED… as values return to normal
Real Estate is a “bubble on top of a bubble”- a drop of over 50% may be coming, John Rubino says. But that real estate bubble is on top of massive use of fiat currency. So strangely enough, real estate could hold its value if currency values fall fast enough.
Mid-way through, John Rubino talks about bargains in Junior Miners. He says some will go up “by 10 times” but it is important to be diversified when investing in Junior miners and explorers.
Personally, in his own portfolio he is equally divided between + Gold stocks, and + Long-dated puts on financials
Later on, JR talks about about Green Energy, and his new book! (I want to get a copy, and write a review.) He has a good point that Solar stocks are running, and have been a great place to invest.
John and Dom have a short bit towards the end where they develop a simple formula…
How to Survive the Coming hard times:
+ Get out of debt + Downsize + Invest only in those companies that will be around (Goldcorp instead of Citigroup)
January 22nd, 2008 at 8:17 pm
Dominic,another great show after the New Year one.I am interested in gaining some exposure to Gold/gold miners,particualrly the juniors,are there any tipsters/funds that you might reccomend who could aid a UK based investor to gain exposure without excessive dealing/currency costs.
Thanks if you can help.
January 24th, 2008 at 2:52 am
There’s plenty of discussion of individual companies, and gold price movements. etc on GlobalEdge.