In today’s “video essay”, Capital Account’s Lauren Lyster asks Rick Rule if now is a good time to hold cash in addition to physical gold, and when it might be advantageous to transfer your holdings across asset classes. Take a look below…
Editor’s Note: The production team over at RT will actually be here in Vancouver all week covering this year’s Symposium. Each day on Capital Account, Lauren Lyster will interview a different presenter from the event. To check out these interviews live, just go to the RT site, click the red “Live” button at the top of the page, then click “RT America On Air”.
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so “cash will give you the courage to take advantage of psychotic breaks in the market”, and he’s “suspicious” that “holding cash will give you the courage you need to take advantage of a volatile market.”
really? in a volatile psychotic market you’re gonna plunk down cash in the hope that the volatile psychotic market then STOPS being volatile and psychotic?
in addition to cash courage may I suggest jack daniels. about a fifth should do it.
It’s far from clear what Rule means by “holding cash”. What percentage of the portfolio? How long? For what purpose, courage? Courage for what….oh, never mind, no usable information or perspective here.
I prefer the clarity of David Stockman, who says outright that he’s 100% cash because the market is going to crash.
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I would never advise against Jack Daniels, at the end of the trading day. My experience has been that people who maintain the discipline to keep cash reserves in bull markets often have the resolve to deploy it in bear markets when great goods are on sale.
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…the grim reaper doesn't exactly make for a sexy sales pitch. Think about it. Why would a trader want to buy death care stocks when he could just as easily play the latest social media IPO? Nobody wants to talk about death. I can see you practically squirming in your chair right now just reading this.