JAMES ALTUCHER “Turn Ordinary Coal into Gold”
by saint stephen | October 9, 2018 6:34 pm
Experimental process makes coal[1] 34 times more valuable than gold[2]. This process should re-elect Trump and provide us with Rare earth metals required for electronics. What three stocks is James babbling about?
Endnotes:
- coal: https://www.stockgumshoe.com/tag/coal/
- gold: https://www.stockgumshoe.com/tag/gold/
Source URL: https://www.stockgumshoe.com/2018/10/microblog-james-altucher-turn-ordinary-coal-into-gold/
What I want to know is why isn’t anyone working on a safe haven for investors when the stock exchange shuts down due to unforeseen caos riots civil unrest and martial law
The stock markets have stayed open for lots of civil unrest and war in the past, but they have also closed sometimes. I expect the markets to be less likely to close in a crisis than they were in the past (the NYSE closed for four months at the beginning of WWI, for example), but that’s a good reminder that if you have money you’ll need access to in the next year (or even the next few years, if you’re more risk-averse) it definitely should not be in the stock market at all. We have all grown addicted to instant liquidity, which probably skews our thinking in an unhealthy way.
I hope we don’t reach a point where the market actually closes for a meaningful period of time, but it’s certainly not impossible — and it’s good to keep Warren Buffett’s maxim in mind — two different quotes from him in past years are relevant:
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
And
“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”
I don’t follow those rules, of course, I do a lot of shorter-term speculating with small amounts of money… but for at least half of my portfolio I’m sure I’d be OK if I couldn’t trade those shares or know a ‘market price’ for them for six months.
There are plenty of things that are considered “safe havens” by different folks — cash in FDIC insured accounts, physical cash, cash-generating real estate, physical precious metals, farmland, self-storage units filled with whisky and ammunition, it all depends on what you think you need to be safe from.
Safety is not something provided by a “safety net” that is offered to investors, despite the fact that the Federal Reserve has helped to make sure that the stock market wouldn’t fall over the past decade, it’s something you have to assess on your own and allocate for. Stocks are, we should remember, “risk assets.”
Turn coal into Rare Earth Elements? Any other info?
One stock on my REE list that seems to fit the babble could be Ucore if you dig, UURAF, but coal companies like ARLP, or power companies like AEP may benefit too. Most pure REE companies look uninvestible except maybe Lynas. Niocorp is a day trip for me and I may schedule a tour of their Elk Creek facility. But that company looks like a crap shoot too.
I also received this teaser from James Altucher , called Mine-shaft Millions. He is the founding Member of a publication called “Tom’s Trading Club. The article deals with a byproduct derived from Coal. It’s a rare metal called “Neodyrium” of which he claims China currently holds the largest natural inventory and supply of this rare earth product
It is a form of rare metallic material mined from coal and is used in all kinds of electronic components, TV’s, cell phones , computers, etc. It is forecast to revolutionize the coal industry. Claims it costs more per oz. than gold. Subscribe to his publication for $79.00 to get all the details. Comes with a 60 day money back guarantee. Would be interested if anyone has research this information.