Market Trends and Outlook - The market is currently in an uptrend, led by procyclical sectors such as industrial commodities and banks, with expectations for new highs in equity markets as earnings and GDP estimates are revised higher [1][2] - There are signs of complacency in the market, indicated by a declining VIX, suggesting potential volatility despite the positive earnings outlook [3] Investor Positioning - Institutional positioning is slightly overweight at the 62nd percentile, while discretionary investors remain neutral, indicating potential for increased market participation [4] - Households are fully invested, with margin loans growing at approximately 40% over the last six months, contributing to rapid buying during market dips [5] Cash Reserves and Market Dynamics - There is an estimated $70 trillion in market funds waiting to be deployed, suggesting that while retail investors are fully invested, there remains potential for further market inflows [6] - Money market rates falling could incentivize investors to seek alternative investments, although not all cash reserves are likely to flow directly into equities [7][8] Technical Factors and Year-End Positioning - Current market movements may be influenced by technical factors rather than fundamental earnings growth, especially given the light trading volume typical at year-end [9][10] - Leadership rotations in the market began earlier this year, with value outperforming growth by 5% since November 1, indicating a shift in investor sentiment [10] Commodities as an Investment - Commodities are viewed as a hedge against inflation, with a strong uptrend observed; however, there are concerns about overbought conditions and potential consolidation in the market [11][12] - Central bank buying of gold and increased retail trading activity suggest continued interest in commodities, although the market may face challenges due to overvaluation [12][13]

Core Viewpoint - The article discusses the increasing significance of gold as a store of value amid rising inflation, political turmoil, and economic uncertainty, predicting that gold prices could reach $5,000 per ounce by 2026 [4][12]. Economic Context - The U.S. dollar has seen a 90% decline in purchasing power since abandoning the gold standard in 1971, with a significant increase in money supply contributing to this decline [1]. - The U.S. national debt has reached a new high of $38.5 trillion, with a budget deficit of $1.8 trillion for fiscal year 2025, raising concerns about further devaluation of the dollar [8]. Investment Insights - Ray Dalio, founder of Bridgewater Associates, suggests that investors should consider increasing their gold allocation to 15% of their portfolios due to the current economic climate, which contrasts with traditional advice of keeping it at 5% [9][16]. - Gold has appreciated by 67% in 2025, driven by investor demand during periods of high inflation and economic uncertainty [6][7]. Gold Market Dynamics - Gold is recognized globally as a scarce resource, with only 216,265 tons extracted throughout history, making it a reliable store of value [3]. - The SPDR Gold Trust, a major gold ETF, manages $146 billion and offers investors a convenient way to gain exposure to gold without the challenges of physical storage [14]. Future Projections - The article predicts that gold could reach $5,000 per ounce in 2026, providing a potential return of nearly 14% for investors who buy at the current price of $4,400 per ounce [12]. - The conditions for gold to achieve above-average returns in 2026 are favorable, given the expected continuation of a trillion-dollar deficit and elevated inflation [11].

Crypto Retail Investors. Photo by BeInCrypto New investors are increasingly gravitating toward gold and silver, rather than cryptocurrencies, amid mounting macroeconomic pressures. This shift highlights a growing preference for traditional safe-haven assets, despite Bitcoin’s (BTC) positioning as “digital gold” and its long-term store-of-value narrative. Younger Investors Embrace Gold as a Hedge Against Inflation Across global markets, investors are turning to precious metals as a hedge against inflati ...

The price of the metal has done particularly well, with lithium carbonate rising 25.73% year-to-date, as of November 30, 2025, according to Sprott Asset Management's Jacob White, CFA. Plenty of attention from advisors and investors has been focused on gold, silver, and copper as of late, but those aren't the only metals worth looking at. One metal that may be flying under the radar for many investors and advisors is lithium. Much like the price of Lithium itself, LITP has displayed an extremely strong track ...

Core Insights - Precious metals, particularly gold, have shown significant performance in 2025, with the SPDR Gold Trust (GLD) achieving a 62% gain, raising questions about the sustainability of this rally [2][5] - Central banks have been major players in the gold market, purchasing 254 tonnes year-to-date through October 2025, indicating a structural demand rather than opportunistic buying [3][5] - Goldman Sachs projects gold prices to reach $4,900 per ounce by the end of 2026, driven by central bank demand and macroeconomic uncertainties [3][7] Central Bank Activity - Central banks bought 53 tonnes of gold in October 2025, with Poland contributing 16 tonnes, reflecting strategic reserve shifts rather than speculative trades [5][6] - The World Gold Council's monthly statistics are crucial for monitoring central bank purchases, as a slowdown could indicate waning confidence, while acceleration would reinforce demand [6] Investment Alternatives - The iShares Gold Trust (IAU) offers a lower expense ratio of 0.25% compared to GLD's 0.40%, making it a more cost-effective option for long-term investors [8] - Over five years, IAU has provided a 10.48% annualized return, slightly outperforming GLD's 10.30% due to lower fees, although GLD's larger asset base makes it preferable for larger trades [8]

Core Insights - Inflation in the United States has remained persistent since the COVID-19 pandemic, with the Consumer Price Index (CPI) dropping from a peak of 9.1% in July 2022, yet prices for consumer goods and services, particularly housing and food, remain high [1][2] Group 1: Inflation and Housing Market - Analysts at J.P. Morgan Asset Management predict that the impact of tariffs from the Trump administration has not fully materialized, suggesting that inflation may rise again [2] - Real estate is historically viewed as a hedge against inflation due to its nature as an appreciating asset, with average housing returns slightly outpacing inflation over time [3] - Rising construction costs during inflation lead to higher home prices, as developers pass these costs onto buyers, resulting in increased overall home values [4] Group 2: Tangible Assets and Rental Income - Investors tend to prefer tangible assets like real estate during inflationary periods, as these assets retain value better than paper assets such as cash or stocks [5] - Increased rental income during inflation enhances property value, as landlords typically raise rents, making properties more valuable [5] Group 3: Fixed-Rate Mortgages vs. Rental Market - A significant advantage of a 30-year fixed-rate mortgage is the stability of mortgage payments over time, which can become comparatively lower than rising rental costs [6] - Historical data shows that rent inflation in the U.S. has averaged 4.22% annually, leading to substantial increases in rental costs over time [6] - For example, a $2,500 monthly rent could escalate to $3,809 in 10 years and potentially reach $8,846 after 30 years, highlighting the long-term financial benefits of homeownership compared to renting [7]

Investment Strategy Shift - Morgan Stanley's chief investment officer Mike Wilson recommends a new asset allocation of 60% stocks, 20% fixed income, and 20% gold, moving away from the traditional 60/40 portfolio due to persistent inflation and volatile bond markets [1] Gold as a Hedge - Gold is highlighted as an "anti-fragile" asset, with Wilson stating that high-quality equities and gold are the best hedges against market volatility [5] - Gold prices have surged over 50% in the past 12 months, reinforcing its status as a safe haven during economic uncertainty [6] Real Estate Investment - Real estate is presented as a stable investment option that can generate passive income through rent, even during economic downturns [10][11] - Crowdfunding platforms like Arrived and Mogul allow investors to participate in real estate with lower capital requirements, providing access to rental income and appreciation without the burdens of property management [12][14] Alternative Assets - The importance of diversification is emphasized, with alternative assets such as real estate, precious metals, and collectibles being recommended to mitigate risks associated with traditional investments [16] - Post-war and contemporary art is identified as a scarce and valuable asset class that can serve as a hedge against inflation, with platforms like Masterworks making art investment more accessible [17][19]

Sovereign wealth funds were buying the dip in bitcoin (BTC), according to BlackRock CEO Larry Fink. “We’re seeing more and more legitimate, long-holding investors investing in it,” Fink said Wednesday at the New York Times DealBook Summit in New York. “I can tell you there are a number of sovereign funds [...] they are adding incrementally at $120,000, $100,000; I know they bought more in the $80s.” That state actors have been buyers of bitcoin isn't news — Abu Dhabi's Mubadala Investment Company and Lux ...

Think you need a 401(k) plan to retire rich? Think again. A growing number of self-made millionaires are skipping the traditional path — and still managing to build serious wealth for their golden years. From smart investing moves to unconventional income streams, these go-getters are proving there’s more than one way to plan for retirement. Discover More: I Retired a Millionaire — The Best $20,000 I Ever Spent Preparing for Retirement For You: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From H ...

Core Viewpoint - The article discusses the potential of Bitcoin as a hedge against rising inflation, emphasizing its scarcity and limited supply compared to traditional fiat currencies [1][2]. Group 1: Inflation and Asset Value - Inflation is currently rising faster than desired, prompting investors to seek assets that are less susceptible to dilution, such as real estate or gold [3]. - Bitcoin is positioned as a "hard" asset with a capped supply of 21 million coins, with over 94% already mined, making it less prone to inflationary pressures [4][6]. Group 2: Supply Dynamics - Approximately 3 million to 4 million Bitcoin are considered lost, reducing the tradable supply to around 17 million to 18 million coins, which are increasingly held by long-term investors [6]. - Financial institutions and corporate entities hold over 6 million BTC, accounting for about 28% of the total supply, further tightening the available market supply [7]. Group 3: Demand and Price Movements - If inflation accelerates, increased demand for Bitcoin as a non-fiat store of value could lead to significant price increases due to the limited supply available for sale [8]. Group 4: Comparison with Other Assets - Bitcoin lacks the long historical track record of gold as a reliable store of value, which has proven its ability to preserve purchasing power over centuries [10]. - Despite its volatility, Bitcoin has shown positive returns following inflation surprises, indicating its potential as a partial hedge against inflation [11]. Group 5: Investment Strategy - Bitcoin should be viewed as one component of a diversified inflation-resistant portfolio, alongside more established assets, to mitigate risks associated with its volatility [13].