March Portfolio Update
In the March intelligence briefing, Jim discussed the economic consequences of the war in Ukraine and predicts the response by Russia to tough U.S. financial and economic sanctions. Investors still seem to be too complacent about the possibility of cascading financial failures in Russia, and the implications of such failures for Western investors. Our gold-heavy portfolio should benefit from rising gold prices as investors run to safe havens during the turmoil. For now, Dan gives guidance on all the open positions.