Introduction:
We choose our speakers here and our guests on Money Talks based on two things: track record and integrity, and these people have it in spades with us today.
Money20/20 USA
is a main occasion that joins top trailblazers and persuasive organizations in the fintech area. Occurring every year in Las Vegas, this meeting fills in as a center point for USA business people, industry pioneers, and visionaries to examine the development of cash, installments, and monetary innovation. Highlighting a mix of intriguing featured discussions, creative item exhibits, and outstanding systems administration valuable open doors, Money20/20 USA is where pivotal thoughts arise and the future of fintech comes to fruition.
The Global Reflation Cycle
My point to you is this—it’s a simple point. If you take one thing away from me today, it’s that you are in front of a global reflation cycle. Because if they don’t cut rates and if they don’t reflate, the system blows up. Stop, write that down now. You invest—don’t screw this one up, okay? I said the same thing last year. Did you listen to me last year? Right, everybody thought I was crazy—buy the NASDAQ 100, keep it simple, right?
Investment in Canada: A Warning
How many people still have the majority of their assets inside of Canada? How many? Sell! Nobody outside of this country is going to invest until Justin is gone, okay? Got it? The average Canadian has 52% of their portfolio in Canada. If we were sitting in the City of London right now managing global money, how much would we put in Canada? 2% max. The marginal money is going to leave this country. There is no reason to invest in this country. Do I make myself clear? I am a Canadian. I worked outside of the country for 25 years. I brought my kids back home. Why do I say it like this, so bluntly? Because you guys don’t listen to me. If I said it nicely, you’d say, “Oh, that guy’s nice,” right?
Missed Opportunities: NASDAQ vs. TSX
What’s going to happen? The NASDAQ 100 was up 50% last year, the TSX was up 8%. You left 42 points on the table. Are you kidding me right now? These two guys, the odd couple, are the perfect match made in heaven, I think it’s both.
Geopolitical Tensions: East vs. West
The enemies of the West are joining up on the East. This is this side of the world against that side of the world. That’s how it’s going to play out. And I wonder, is there a plan for them to attack Korea when China moves on Taiwan? Does that seem so outrageous? I think it’s not a high probability, but it’s not a zero probability either. That’s the point. When we look at the map, it becomes so obvious why this is so much in play. It’s about oil, it’s about resources, it’s about commodities.
Global Investments: China’s Strategy
We know China’s all over the place buying out properties, investing in companies, especially in Brazil, South Africa, and all over Africa. In terms of shipping, Saudi Arabia can ship to the Persian Gulf. You’ve got Kuwait, you’ve got Iran, and if you come down here, what do you have to deal with? Malaysia, Vietnam, the Philippines, Taiwan, Korea. It’s kind of obvious to me where the problem places are, and those are the places where you have these dust-ups.
The US Dollar: Future Projections
So, let’s go further. Your forecast for the US dollar—what are you seeing there? I still see it basically under pressure towards the upside going into, most likely, around 2028. Keep in mind that as war begins to develop, more and more capital is going to concentrate in the United States, coming from places like Taiwan, Japan, Europe, and even the Middle East. They just need a place to park their money.
Investment Themes for 2024
I’ve got four themes for you—this is what we’re doing with our money:
- Yield Plays: We’ll talk about that for two seconds.
- Uranium: We’ve talked about it a lot, and I’ve got an idea for you there.
- Gold Equities: Listening to Mr. Welden, I’m not sure whether gold’s going to 15,000 or the US dollar is going up and gold’s going down, but I think you’ve got to own some gold, we can agree with that. I’ve got a gold equity for you.
- US Cannabis: I want to bore you with what’s going on in probably the most exciting stock market opportunity right now, which is US cannabis. I’ve got some ideas on that.
So, four themes for you—play these four themes in ’24, and I think you’re going to do quite well.
Conclusion
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