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Global Intelligence Letter – October 2022

Jeff D. Opdyke · October 14, 2022 ·

VIEW OCTOBER ISSUE

This month’s cover story concerns collectibles in the age of inflation.

We have not seen the end of this new inflationary era—not by a long shot. Despite what the mainstream media is telling us, inflation is here to stay. It could well last the remainder of this decade and even into the 2030s.

The last time America battled the inflation bugbear from the mid-1960s to 1980, a whole rash of collectibles performed extremely well.

To that end, this month’s cover story focuses on three types of collectibles that are poised to soar higher as we live through this new era of high inflation.

Each of these three categories has a long history as an investible asset class (two of them date back thousands of years), as well as a track record of producing strong gains.

In fact, one saw 45% annualized returns the last time inflation struck the U.S. from 1970 to the peak of inflation in 1980…which means investing in these assets is a time-tested way to protect and grow your wealth during a period of high inflation.

Learn all about these collectibles, and how and where to start investing in them, in your October issue.

Inflation is not just the theme of our cover story this month, but our entire issue. See, we’re in a unique and fragile moment economically, as the world confronts the dual challenges of inflation and debt, and the impacts they can have on the value of national currencies.

Nowhere are the dangers of this clearer right now than in Britain.

In just the past few weeks, a flawed budget from the British government nearly sank the pound, one of the world’s benchmark currencies.

At one point, the pound plunged to near-parity with the dollar, a level not seen in 40 years. And Wall Street is already betting it could sink that far again as the instability in Britain’s economy continues.

This is not a normal chain of events. No Western economy should be that fragile…and particularly not one as large and wealthy as Britain. It speaks to the challenges faced in all Western economies today as they grapple with insurmountable debts. Britain is just the proverbial canary in the coalmine.

So, in this month’s supporting story, I explain what just happened to the pound in Britain, why it could happen again in other major economies, and what we can do to protect our wealth from that eventuality.

Finally, I point you to the first item in this month’s Intel Updates.

I write a lot about crypto and why I see it as the financial system of tomorrow. A lot of people laugh at that. The mainstream media pretty much shake their head at the idea.

But what I really care about is what business is doing. And business is doing a lot as it migrates into the crypto space and the world of NFTs (non-fungible tokens). To wit: Burger behemoth McDonald’s is now accepting crypto as payment in Lugano, Switzerland. It’s only a test project of course, but it’s indicative for where society is going…and it says crypto is the future and those who jump aboard now are going to be the long-term winners. You can read more about Mickey D’s Swiss efforts in your October issue.

Issues

About Jeff D. Opdyke

Jeff D. Opdyke is an American financial writer and investment expert based in Portugal. He spent 17 years covering personal finance and investing for the Wall Street Journal, worked as a trader and a hedge fund analyst, and has written 10 books on such topics as investing globally and personal finance.

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