General Stock Ideas

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Recent interview with Jim Rickards -

Rickards' new book is out, called 'Aftermath'

In the book he apparently has some investment and asset allocation recommendations for getting through the troubles ahead. These ideas are discussed in more depth in other interviews.

Briefly, he has a 'barbell' strategy to get through either inflationary or deflationary scenarios. His own portfolio has 10% in gold, 30% in cash, a chunk in Treasury notes, and hard asset/natural resource plays (oil, water, land), plus some fine art, and he also has some private equity investments.

He says having a big chunk in cash will give you 'optionality' so you can scoop up bargains as they occur, which is also what Warren Buffett has been doing over the last several years. Having a big cash position also means you won't be among the crowd who are desperately trying to sell when things start to unravel. He said he knows numerous billionaires, and the one thing they all have in common is owning a substantial amount of physical gold.