Gerardo Del Real,
Editor
June 29, 2021
The S&P just hit another record high.
Home prices in places like Dallas and Denver just saw their largest annual gains ever.
Forever is a really long time.
The rise in home prices is partly due to higher than normal demand coupled with limited supply and cheap mortgage rates.
Everything is still awesome!
Right?
Not if you’re paying attention.
Just as everyone is starting to get back out and establish a new sense of normal... there’s a new threat keeping people home.
Heat.
Portland, Washington, Salt Lake City and British Columbia are all experiencing record heat waves.
Along with the dangerous heat in the pacific Northwest, over 40 million people in the Northeast are also under heat advisories.
Scientists say the heat could potentially cause the worst drought in 1,200 years.
It will also likely bring with it wildfires, making water less available.
The biggest threat — and one I don’t believe most are taking seriously enough — will come in the form of food shortages that threaten crop security for entire countries.
I fear we’re entering a period where inflation will not be transitory and it won’t just be because of the mad policies of J&J (Jerome and Janet). It’ll also be a result of countries competing for food.
Crops need stability. You can’t print more corn or double talk your way into more wheat.
Without stability, prices for the basics will continue to surge (read: inflate) to unsustainable and dangerous levels.
Mother nature doesn’t care whether we believe in climate change. It just changes.
I’ve talked about the critical metals rush and the need to establish independent and reliable critical metals supply chains.
Regardless of your personal beliefs regarding climate change, there is a sensical — and profitable — approach to a more stable future that includes a combination of solutions including nuclear.
It’s why I believe we’re in for a historic run in commodity prices and why I believe we’re in for a spectacular few years of gains in the resource space.
I also believe we’re in for a historic wave of volatility.
Volatility that you should be preparing for by stocking the basics you need to get by and do so safely.
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest
For the past decade, Gerardo Del Real has worked behind-the-scenes providing research, due diligence and advice to large institutional players, fund managers, newsletter writers and some of the most active high net worth investors in the resource space. Now, he is bringing his extensive experience to the public through Resource Stock Digest, Junior Resource Monthly, Junior Resource Trader and Junior Resource Insider. For more about Gerardo, check out his editor page.
*Follow Gerardo on Twitter.