The past year has seen the rise of corporations accepting payment in Bitcoin, as well as the allocation of some of their cash and capital to Bitcoin. The reasons? The potential for inflation to erode the value of the dollar, and Bitcoin’s historical returns (even after looking past its daily volatility).
Now, one company is going even further. Palantir Technologies (PLTR) has announced that it’s placed $51 million of its cash hoard into… gold. And, more interestingly, clients who want to pay in gold can now do so. The company, which announced in May that it accepts Bitcoin, cites the potential for a “black swan” event. Add in the latest developments regarding the gold holdings of Afghanistan, and it seems like the world is taking a closer look at this asset, which has underperformed heavily in the past year.
Now here’s the rest of the news:
The End of the Gold Standard and Fifty Years of Monetary Insanity –Daniel Lacalle
Thus began the era of a global debt-fueled economy. Since then, crises are more frequent but also shorter and always “solved” with more debt and more money printing… [Read Here]
August 19, 2020
The S&P 500 achieved a milestone by testing a new all-time high on Tuesday. While the fact we’re here is remarkable, the achievement appears somewhat hollow with the economy in recession and earnings having declined over 30% last quarter.
The lesson of “don’t fight the Fed” is certainly alive and well, but how long will asset purchases and a weakening U.S. dollar continue to drive the market higher?
Now here’s the rest of the news:
Buffett Is Right: It’s a ‘Long-Term Investors Only’ Market
A few months ago, Wendy’s ran out of hamburgers…
The world is running out of small gold coins and bars…
Yet stocks are up more than 50% from their March lows. Caution does not necessarily mean that you have to stay out of the markets today…
Although the federal government named U.S. meat-processing facilities “essential businesses” during the COVID-19 pandemic, many chose to close up shop or reduce operations to protect their employees. Only recently have they begun to reopen.
Workers at these factories labor in tight quarter, making social distancing impossible. At least 16,000 industry workers had contracted COVID-19 by the end of May. It’s a similar story with metal refiners… slowly these industries are getting back on track.
Gold currently at $2,005.73, silver at $27.89
(Inflation Is Actually a Lot Higher Than You Think)
August 19, 2019
What are your habits?
Zig Ziglar says, “Each failure brings you one step closer to success.”
Having said that, if you hit a rough patch, don’t worry… don’t worry. Just like we’ve talked about before, start where you are, and take one step at a time — focus on ONE THING at a time. Instead of trying to revamp your whole life, try giving up just one thing, one “bad habit”.
Better yet, focus on adding one new “healthy habit”. Speaking of which, here are three examples of healthy habits that can literally change your life.
Exercise. This is a no-brainer. Exercise is not just good — it’s GREAT — for basically everything! Unfortunately, many people associate exercise solely as a tool for weight loss, and while it effectively helps w/ weight management, exercise also improves mood, protects against a laundry list of chronic diseases, improves quality of life, and the list goes on. If you are not already exercising daily, don’t worry about “how much” … just get moving. Start by committing at least 10 minutes a day — you can even split up your exercise, as an example, take a quick walk around the block. Every bit counts!
Cut back on TV time. Not too many people will tell you that watching TV is healthy, and more and more research has begun validating what we already “knew”. Watching TV is not just potentially bad for your eyes, it can disrupt circadian rhythms, increase the risk of diabetes, and increase the risk of mortality. Watching TV is often associated with other “bad” habits (like eating junk food and being sedentary). Instead, consider spending that time having a conversation with your partner, writing a thank you note, journaling, meditating, reading a book, or kill two birds with one stone, and exercise.
Go outside. Spending time outdoors is one of the best things you can do for your health, mood, and productivity. One recent study showed that spending time outdoors can boost energy levels, ward of feelings of fatigue, and boost feelings of wellbeing. Getting out in the sunshine in the early part of the day (before noon) can also help set circadian rhythms and improve sleep quality. Then there’s the stress management and creativity beneﬁts. The list goes on. Focus on spending some time outdoors each day, the fresh air will do you good!
If you’re up for the challenge, choose ONE of these healthy habits and focus on doing it daily for a week. Don’t worry about anything else. You’ll be surprised how quickly you adopt this new habit … and then you can move onto the next one!
Little Things Add Up… 😉