Daily Reckoning

Since 1999, The Daily Reckoning has been dedicated to independent financial forecasting. We analyze global events and market trends, offering informed predictions about their future direction. Our goal is to provide you with insights on how to safeguard your investments and capitalize on opportunities that are often missed by traditional media.

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The Truth About Fort Knox and Gold Leasing - Daily Reckoning

3 weeks ago | dailyreckoning.com | James Rickards

Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox? You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to make sure the U.S. gold was actually there. The press was invited to tag along. Musk claimed that his DOGE team was ready to “audit” the gold bars to see that there were none missing.
The BRICS Go Their Own Way - Daily Reckoning

4 weeks ago | dailyreckoning.com | James Rickards

It’s that time again. Time for the annual BRICS+ Leaders Summit. The BRICS have hundreds of meetings over the course of the year on every topic from sports to women’s issues to agriculture. But there is only one Leaders Summit. That’s when the heads of state of the members convene to discuss policy issues and to make announcements of major importance. For those new to BRICS, it’s an acronym from the names of the founding members of Brazil, Russia, India and China who first met in 2009.
Save Your Marriage. Save a Life. Get a Raise. - Daily Reckoning

4 weeks ago | dailyreckoning.com | James Altucher

I used to think negotiation was about being smart. Or charming. Or stubborn. Or going full crazy. Ask for 200% of the profits and a helicopter. Then “compromise” with: “Fine, I’ll just take some equity.”Wrong. Wrong. Wrong. Wrong. Turns out, it’s mostly about shutting up. Chris Voss—the FBI’s lead hostage negotiator—didn’t build his career on yelling louder. He built it on something he calls tactical empathy. And I’ve seen his methods work firsthand in my own life.
On the Brink: India vs. Pakistan - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

Are we on the brink of an existential war between two nuclear-armed powers? I don’t refer to the U.S. and China over Taiwan nor the U.S. and Russia over Ukraine. I’m referring to India and Pakistan. That’s the most dangerous corner of the world today. And the answer to the existential question is yes. The immediate cause of the new war between India and Pakistan involving the disputed regions of Jammu and Kashmir has been widely reported.
Trump’s ‘Nuclear’ Deportation Options - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

The battle between the Trump administration and the federal courts on the topic of deportation is intensifying. The outlines are clear. Biden and his corrupt cronies left the U.S. southern border wide open for four years. Estimates vary but it’s likely 8 million illegal aliens crossed the border. But the actual number could be 10 million or higher.
The Collapse of Communist China - Daily Reckoning

1 month ago | dailyreckoning.com | James Rickards

When I write collapse, I’m not referring just to a financial meltdown. I’m referring to a broad-based social collapse that could call into question the rule of the Chinese Communist Party (CCP), which some historians refer to as the Peasant Dynasty. In order to understand the vulnerability of China, it helps to consider the counter-narrative that the China is a rising great power. We’ve heard for decades that Chinese GDP would soon exceed U.S. GDP to make China the largest economy in the world.
Place at the End - Daily Reckoning

2 months ago | dailyreckoning.com | Bill Bonner

“Death is not something to be feared. It is just a part of life,” the priest explained. We were listening to the funeral oration for one of our workers who died suddenly last week. A young man, he got pneumonia… and then, on the way to the hospital, died of a heart attack. “We do not fear death,” the Padre continued. “Because God let his only son die. We follow his example. And we do so in the knowledge that Jesus conquered death for us all.
The Death of Globalization - Daily Reckoning

2 months ago | dailyreckoning.com | James Rickards

With so much attention focused on U.S. stock markets, it seems timely to pivot away from stocks for the moment and consider the global perspective. Globalization may be dying in terms of trade and supply chains, but financial markets are inextricably linked in ways that relatively few understand. King Dollar Still RulesThe dollar still dominates the global financial system despite the cracks in the foundation and the valid criticisms.
Gold: The Everything Hedge - Daily Reckoning

2 months ago | dailyreckoning.com | James Rickards

It’s a subject we analyze continually, and we have recommended gold as part of a sound investment portfolio for years. Today the dollar price of gold is hovering near all-time highs over $3,300 per ounce. Gold has been on a tear lately. It was $1,830 as of October 5, 2023. At today’s prices, that marks a 75% surge in just 18 months. Gold has outperformed stocks by a wide margin this year, but it has also outperformed stocks for the past twenty-five years. Gold was around $250 per ounce in 1999.
Objects in Motion - Daily Reckoning

2 months ago | dailyreckoning.com | Bill Bonner

Buenos Aires looks much the same as always. But there’s a new energy. Walking around the Palermo Soho neighborhood, we see more construction…more new shops…new restaurants…“Things have gotten better since Milei took over,” was the judgment of our taxi driver. “Not everything… but people are not sitting around anymore.”“He’s right,” said a business friend. “Before, I had a hard time finding people willing to work.