Investment advice from Russell Napier


First of all: avoid government bonds. Investors in government debt are the ones who will be robbed slowly. Within equities, there are sectors that will do very well. The great problems we have – energy, climate change, defence, inequality, our dependence on production from China – will all be solved by massive investment. This capex boom could last for a long time. Companies that are geared to this renaissance of capital spending will do well. Gold will do well once people realise that inflation won’t come down to pre-2020 levels but will settle between 4 and 6%. The disappointing performance of gold this year is somewhat clouded by the strong dollar. In yen, euro or sterling, gold has done pretty well already.

Here is the full discussion, interesting throughout.  He also says to expect widespread capital controls.  To be clear, none of this is investment advice from me.




Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

See also  Ukraine’s grain exports down 54.5% so far in 2022/23 – ministry

We will be happy to hear your thoughts

Leave a reply

 
financetin
Logo
%d bloggers like this: