PODCAST: Warren Buffett Bets Against The U.S. Dollar

World-renowned value investor, Warren Buffett, became a massive net seller of stocks in Q2. Jerry discusses all of the latest moves in Buffett’s portfolio, including one of particular interest.

• Buffett liquidated all four airline companies he owned
• The only addition Buffett made to his portfolio is a gold stock
• Buffett didn’t seize the sell-off as a value-investing opportunity
• The U.S. has taken on so much debt that it will pressure its currency
• The Debt-to-GDP ratio among advanced economies is at 128% (compared to a previous high of 124% in 1946)
• Fed Chair Jerome Powell will deliver a ‘profoundly consequential’ virtual speech on Thursday
• You’ve got to have a plan to protect yourself against inflation

In this empowering segment, the President/CEO of Sprott U.S. Holdings, Rick Rule, joins host Jerry Robinson to share investing insights he has learned over many decades of success in the natural resource sector.

• An introduction to Rick Rule and Sprott U.S. Holdings
• Natural resources can be a trader’s delight
• It is becoming obvious to many people that the winds are blowing in favor of gold
• Lessons to be learned from Barron’s Gold Mining Index
• Gold is cyclical but it is also volatile
• “Silver will give you volatility on steroids”
• What about the natural gas market?
• Why Rick loves the uranium market
• “You must be a contrarian in natural resources or you are going to be a victim”
• A generous offer from Rick personally for our listeners

Jerry closes out today’s show with a deeply sad but true quote from Horace, the chief poet during the time of Caesar Augustus in the Roman Empire.