This Mineral Is the Heart of the New Economy, and One Country Supplies Most of It

First Cobalt Corporation, a Vancouver-based miner, will take over American mining company US Cobalt Incorporated. The all-stock deal is reportedly worth about $116 million dollars. The buyout also represented a 61.8% premium to the closing stock price of US Cobalt shares on March 13. “We’re trying to fast-track our way into North American mining and refining,” said […]

James Rickards: Gold Is Best Hedge Against Coming Fiat Collapse

James Rickards is a lawyer turned hedge fund consultant turned political advisor. He’s also a gold fanatic and since 2011 a best selling author with the publication of Currency Wars: The Making of the Next Global Crisis. In 2016 he published The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, a book that […]

Biggest Investors Dump Stocks, Bonds for More Private Equity

Sovereign wealth funds have boosted their investment in private equity and other alternative investments to nearly one-fourth of their total assets, according to a report by accounting firm PriceWaterhouseCoopers (PwC). PwC reported that yield-hungry sovereign wealth funds had 23 percent of their assets invested in private equity, real estate, infrastructure and commodities in 2016, up […]

Oil Legend T. Boone Pickens Launches Energy ETF

Billionaire Texas oilman T. Boone Pickens, 89, has been involved in legendary companies such as Gulf Oil, Unocal and Phillips Petroleum. Oklahoma State University’s School of Geology and football stadium is named after him. He ran his own energy hedge fund, BP Capital Management, for 40 years. Now Pickens has an exchange-traded fund (ETF) bearing […]

Where Will Gary Cohn Land Next? Maybe Alongside Tesla’s Elon Musk

Goldman Sachs alum and former Trump economic adviser Gary Cohn is headed back to Wall Street — to start a hedge fund, possibly with Tesla founder Elon Musk. The former top White House economic adviser stepped down after a reported clash over President Trump’s plan to place tariffs on imported steel and aluminum. While other Goldmanites […]

How Coinbase Plans to Make Crypto a Mainstream Investment for Millions

Coinbase, the most popular cryptocurrency trading platform in the United States, soon will launch a crypto index fund for high net worth investors only. But the San Francisco startup has its eye on bigger game: A retail ETF available to mainstream investors.  The index fund would grant investors the opportunity to put money into a […]

Millennials Stand to Inherit $24 Trillion, But Exactly When Is Hard to Say

Millennials will inherit more wealth than did Generation X and the Baby Boomers combined. When and what they do with all that investment capital is the big unknown, say global money managers. It will be “one of the largest intergenerational wealth transfers in history,” according to UBS Wealth Management, which manages $2.8 trillion in assets worldwide. “Those […]