Super Briefly:
I do not think precious metals are in a bubble, nor are they in our core portfolio.
But over the past few editions we have been looking a little wider in our investment thesis – and we have to look at the bigger picture.
One thing I do talk about in the forthcoming edition is $5000 gold and $100 silver as the new reality.
Some very experienced and wizened investors think we’re in bubble territory, I do not.
However…
I’ve been holding some gold and silver positions for over twenty years – and I’m taking a small amount of profit here on the silver miners.
My number is 15% your mileage may vary.
I talk more about this in the next letter, due out this coming weekend – but I wanted to get this out now because metals are screaming right now and they could take a breather any day now – this enables me to raise some capital to redeploy into the Post-Singularity Stack portfolio I’ve been working on.
That’s it for now – talk to you all this weekend
