Collectibles are skyrocketing…again, plus gold, silver and a reader question.
December 15 (King World News) – Peter Boockvar: In a world of $18 Trillion of negative yielding bonds, along with zero rates in the US and elsewhere and central banks gobbling up every bond they can find, the desire for those things in limited supply is not just for bitcoin or gold or a vintage Ferrari and a piece of art. Sports collectibles qualify as well.
Last Thursday a Wayne Gretzky rookie card from O-Pee-Chee in perfect condition, rated 10 by PSA, was auctioned off for $1.29mm. This same card sold for $465k in August 2016. The Topps version in also the same gem mint condition sold for $720k vs the $200k it went for also in August 2016. While it’s technically a ‘paper’ asset, or actually cardboard, it really is a hard one that looks more attractive in the upside down world of monetary madness…
This company just made a gold acquisition that is worth 7-8 times what they paid for it and is now set up for monster upside in 2021! To learn more click here or on the image below.
Question For John Hussman
A reader of John Hussman asked him the following question:
Hi John. Huge fan of your work. One question though.
What about technological leaps that we have witnessed over the last 10-15 years. Would that justify the current valuations?
John Hussman responded:
1920: First commercial radio station Westinghouse KDKA
1926: First U.S. scheduled passenger airline Western Air
1927: Automobiles sold in the U.S. reach 15 million
1927: Farnsworth invents the first electronic television
1929: Antibiotics discovered
After Those 1920-1929 Technological Leaps…
King World News note: The stock market collapse and bank failures began in 1929, ushering in the Great Depression. So no, technological leaps do not justify current valuations, and at some point all hell will break loose on the downside.
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Silver – Fifth time lucky?? (See chart below).
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Probably needs gold to make a clear break above $1850/oz (see chart below).
Alasdair Macleod has been giving really incredible interviews each week in the KWN Wrap CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
And Gerald Celente talks about the top trends for 2021 in his audio interview CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
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