DFA Live Q&A HD Replay: Investing Now: With Damien Klassen

This is an edited version of a live discussion with Damien Klassen, Head of Investments at Nucleus Wealth and Walk The World Funds. Given the strength of the markets in recent days, and the China stimulus programme, what's ahead, and how should you position given the level of volatility and uncertainty out there?

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[mattfinch]

I hate to point out the obvious to Damien but gold has solidly outperformed his fund performance over the past 4 years in one year. It is amazing to me the recency bias here that just 50 years ago, Gold was money. Our constitution also states Gold SHALL be the money, not fiat paper. The Brics nations are wholly discounted by fund managers, i really don’t think they take geopolitics into consideration nearly enough.
These nations are rising in GDP, the west is shrinking. They also hold much of the global resources. If BRICS goes to a gold backed unit of exchange, and they become a larger trading bloc, that would then be more trading in the Unit than the USD. This may happen very quickly, or not. Just like Nixon took the world off gold overnight it can just as easily be taken back to gold. It was “temporarily disconnected”. That is to say, it may not be permanent. Nobody really knows but for me a quick look at global population per country will state the obvious. The Western nations are a tiny spec of demographics vs other countries. One thing is measurable. Central banks. They are not buying shares and Bitcoin, they are buying money.