3min chapter

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#14: Erik Townsend on Living The Macro Dream

Superinvestors and the Art of Worldly Wisdom

CHAPTER

Peak Cheap Oil: The Fourth Turning Idea

I pay a lot of attention to the gold market. Are we at the point where it's time to really be strategically allocated to gold or not? I'm a little bit on the fence. I definitely want to have exposure, but not in a big way right now. We may have $1,000 gold or lower coming in the next few years. If so, that's going to be a fantastic buying opportunity. The long-term views definitely inform me. Peak cheap oil is a whole other category. It's really another topic.

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