Hard Money and Real Stuff
Kevin@kevindataguy
+0.8%
since Oct 14
The idea
I think heavy government debt and aging populations push policymakers toward printing money rather than real austerity, which erodes currency value over time. So I own hard money, gold, silver and bitcoin, alongside businesses tied to real assets like mining royalty companies, oil and gas producers and pipelines, and farmland and timber owners. I spread it across many names rather than betting on one, lean on larger dividend payers for stability, keep some cash on hand, and plan to hold for years, revisiting if debt and spending trends actually reverse.
What it owns
- Assets that governments cannot create on demand tend to hold value as central banks expand money supplies to cover deficits. · SPDR Gold SharesIt holds its value while governments run large deficits and cannot be printed by any central bank., BitcoinIts supply is fixed at a maximum, making it a digital asset nobody can create regardless of government spending., iShares Silver TrustIt tends to move with gold over longer periods and responds to a weakening dollar, though with larger swings.35%
- Companies that own precious metals in the ground or collect a share of mine output capture upside when metal prices rise without bearing all the cost pressures of running mines. · Franco-NevadaIt collects royalties on mine output without bearing operating costs, so higher metal prices flow through to income with limited expense growth., Wheaton Precious MetalsIt buys precious metals from mines at fixed prices and sells at market rates, so its margins expand when metal prices rise., NewmontAs the largest gold miner, its profits rise faster than gold prices when costs remain controlled, amplifying upside from metal appreciation., Royal GoldIt holds a diversified portfolio of gold royalties across multiple mines, converting higher metal prices into cash without operational risk at any single site., Agnico Eagle MinesIt operates primarily in stable jurisdictions with lower risk of seizure or sudden tax changes, and converts higher gold prices into profit growth as costs stay disciplined.22%
- Energy and pipeline infrastructure reprice with inflation and often return cash to shareholders while waiting for real assets to appreciate. · Exxon MobilIt owns oil and gas reserves whose prices tend to rise when currency weakens, and it pays a dividend that cushions volatility., EOG ResourcesIt produces oil at low enough cost to remain profitable even when prices decline, turning higher prices into disproportionate profit growth., Texas Pacific LandIt owns land in the Permian Basin and collects royalties and fees from drilling activity without bearing drilling costs, making it as real an asset as owning the earth itself., Kinder MorganIt charges fees for natural gas flowing through its pipelines, and these tolls tend to rise with inflation regardless of energy prices., Williams CompaniesIt operates gas pipelines and collects fees based on volume moved, insulating returns from commodity price swings.21%
- Land, crops and trees retain purchasing power as currency weakens, and their supply cannot expand to match demand. · WeyerhaeuserIt owns the largest private timberland holdings in the United States, an asset that cannot be printed and retains value over time., NutrienIt produces fertilizer and potash that farmers cannot substitute, so its earnings rise when crop and food prices climb with inflation., RayonierIt owns timberland in the US South and Pacific Northwest that grows and appreciates independent of near-term lumber prices., Farmland PartnersIt owns farmland and collects rents tied to crop prices, which tend to rise as currency weakens and land values appreciate., Gladstone LandIt owns irrigated farms growing high-value crops and collects rents that move with land values and commodity prices.14%
- Cash8%