Update On Multiple Portfolio Positions From Deep Knowledge Investing: Gold, Uranium, Bitcoin, GBTC, And LVS

Hi All,

I’ve just arrived in Cebu, Philippines, and there’s a lot happening in our portfolio names. Here’s a quick update on all you need to know on Sunday night (NY time).

The Federal Reserve

DKI started proposing a controversial thesis a couple of months ago regarding the Federal Reserve. While the market watches the Federal Reserve and follows Chairman Powell’s every utterance, I’ve been saying he no longer has control of the situation. Of course, if the Fed were to drop rates, the market would immediately rise. However, massive Congressional overspending (both parties) mean we’re looking at huge amounts of coming currency creation due to monetizing ever-expanding debt. This will lead to future inflation and “higher for longer” interest rates. No matter what the Fed does, we’re going to have inflation of the money supply.

Gold

The market is starting to realize there’s coming dollar debasement (a fancy way of saying expansion of the money supply), and gold has now reached all-time highs. DKI recommended gold (ARCA: GLD) a couple of years ago and the price is up more than 25% since.

Bitcoin and $GBTC

Gold is the traditional alternative to fiat debasement and Bitcoin is the new alternative. DKI recommended Bitcoin (CRYPTO: BTC) a few years ago at about $15k. Bitcoin is typically volatile and has just risen above $40k for the first time since dipping to about $15k in the last year. It’s one of the best performing asset classes year-to-date. In addition to Bitcoin, DKI re-recommended $GBTC (OTC: GBTC) below $15 in June. That position has now more than doubled and should be up more when the market opens on Monday.

Uranium ($SRUUF)

One of my favorite positions is uranium (OTC: SRUUF). It’s up a lot since DKI recommended it, and I haven’t sold a single share. Worldwide use is far above production and every year, existing stockpiles decrease. New plants need 3x their annual use when they start operations. Right now, there isn’t enough uranium to get the nuclear plants under construction operational. As fuel is a small percentage of the cost of operating a nuclear plant, those plants are going to be bidding higher prices to cover the massive construction costs.

There has been recent news of new potential uranium production in Canada, but it will take years to start bringing on that…