The Flying Frisby - money, markets and more
Readings of brilliant articles from the Flying Frisby. Occasional super-fascinating interviews. Market commentary, investment ideas, alternative health, some social commentary and more, all with a massive libertarian bias. www.theflyingfrisby.com
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The Sweetness of Doing Nothing
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com<br/><br/><p>The S&P 500 is close to all-time highs, but it’s looking wobbly. </p><p>After magnificent runs, gold and silver are both washed out and trending lower.</p><p>Bitcoin is all but dead and buried. </p><p>Rates are rising the world over so you can forget about government bonds - that particular bull market is over. </p><p>Oil and gas have turned down now Trump and Iran have their deal. </p><p>Remind me what uranium is ag...
Brutal Summer Ahead for Gold Stocks?
<p>I was on a panel with veteran geologist Brent Cook earlier in the week and something he said rather struck me.</p><p><p>“It’s shaping up to be a brutal summer for mining companies.”Brent Cook</p></p><p>Looking at the chart below, it’s hard to disagree.</p><p>The Gold Miners Bullish Percent Index has fallen to zero.</p><p>Not 5 or 10, but zero. That’s lower in the in the crash of 2008 and during the Covid panic. It has only ever reached this level during the darkest days of the great gold bear market of...
Why Hasn't the Pound Crashed?
<p>Imagine you are in the circus, watching a tightrope walker who’s been on the sauce.</p><p>He sways, the crowd gasps, he sways again, more gasps, and yet somehow he doesn’t fall. This goes on and on and eventually you get bored watching. </p><p>That, it seems to me, is Britain.</p><p>Public debt is now knocking on £3 trillion. (Remember you could have spent a million pounds every day since Jesus was born and still not have spent a trillion - that’s how incomprehensible a sum a trillion is). Interest payments now run at over...
Lifetime Membership Is Ending
<p>Hello,</p><p>A quick note about The Flying Frisby.</p><p>For several years I’ve offered a Lifetime Membership. The idea was simple: make a one-off payment and never have to think about subscription renewals again.</p><p>A surprising number of readers have taken me up on it.</p><p>However, I’ve decided to withdraw that offer permanently at the end of June.</p><p>The timetable is as follows:</p><p>• Lifetime Membership remains available at £550 until midnight on 15 June.</p><p>• From 16 June, the price rises to £650.</p><p>• At midnight on 30 June, Lifetime Mem...
A Brutal Friday
<p>Let’s start with a quick market update after Friday’s brutal action</p><p>The last few days have not been pleasant for owners of gold, silver, miners or indeed bitcoin. Friday saw on 8% fall in silver. How January’s euphoria has reversed. That’s silver for you. </p><p>My ongoing thesis that gold, silver et al go nowhere for a year remains in place. </p><p>The structural backdrop for gold’s bull market also remains: growing government debt, huge fiscal deficits, ongoing central bank accumulation, de-dollarisation. But the heat needed to come out of the market, an...
Wise Up: Why I’m Still Buying Bitcoin
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com<br/><br/><p>I was going to write about money transfer company Wise (WISE.L/WSE.US) this week.</p><p>The company recently listed on the Nasdaq, demoting its London listing to secondary, and the prospects looked rosy. UK-listed companies trade at lower valuations because they are listed in the UK. America not only has greater depths of capital, it values tech, growth and success. In the UK they get ignored, taxed or regulated - or all three.</p><p>And there is...
How AI Became My Production Company
<p>Following on from last week’s piece about the extent to which I use AI, I’ve had a surprising number of messages asking which AI I actually use and what for.</p><p>I should immediately stress that I am not some sort of AI guru. I know people use Claude to write code, automate businesses and build entire internal operating systems. That is beyond me. I can’t code. I’m a one-man band, who occasionally hires freelancers. I’m self-taught. But here’s what I actually use and what for.</p><p>I stress the best method of al...
How To Invest In Namibia
<p>Following my recent pieces on Namibia, several readers got in touch asking pretty much the same question: Fine. But how do you actually invest there?</p><p>Frontier markets are notoriously difficult to access. Interesting companies are privately owned, illiquid, unlisted or buried on obscure exchanges your broker has never heard of, or they carry their own small company risk that does not reflect the broader themes of the country.</p><p>To try and answer the question properly, I spoke to economist Rowland Brown, founder of Cirrus Capital, the country’s largest stockbroker, to discuss the best ways to...
I've Outsourced My Judgement to AI. So Has Everyone Else.
<p>My youngest daughter, who is supremely intelligent, refuses to use AI. She doesn’t want it plagiarising her, she says, and she doesn’t want her mind to get lazy. She’s currently taking her finals at Cambridge, where, she tells me, almost everybody is using it for everything. But she won’t. And good for her.</p><p>Another friend won’t touch it either, because she is so fiercely protective of her privacy and doesn’t like AI and social media having so much access to our inner lives. </p><p>But these people are exceptions. Almost everyone I k...
Copper: The Metal AI Actually Runs On
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com<br/><br/><p>There’s a lot more to AI than software. </p><p>AI requires electricity, transformers, substations, cooling systems, data centres and more. That all means copper. Lots and lots of copper.</p><p>Right on cue, the copper price hit fresh highs last week at $6.68/lb, before pulling back. </p><p>So today I am going to take a long overdue look at copper. Was last week’s action just a spike that will soon fade away? Or was it part of s...
