{"id":12716,"date":"2024-11-28T00:52:13","date_gmt":"2024-11-28T00:52:13","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/28\/new-orleans-investment-conference-marks-50-years-of-market-insights-and-contrarian-wisdom\/"},"modified":"2024-11-28T00:52:13","modified_gmt":"2024-11-28T00:52:13","slug":"new-orleans-investment-conference-marks-50-years-of-market-insights-and-contrarian-wisdom","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/11\/28\/new-orleans-investment-conference-marks-50-years-of-market-insights-and-contrarian-wisdom\/","title":{"rendered":"New Orleans Investment Conference Marks 50 Years of Market Insights and Contrarian Wisdom"},"content":{"rendered":"<\/p>\n

Taking place a few weeks later than usual \u2014 likely to accommodate the US election \u2014 this year\u2019s New Orleans Investment Conference saw many resource sector analysts, newsletter writers, speculators and contrarians offer insight on the economy, <\/strong>potential market movements and which commodities to watch.<\/strong><\/p>\n

Hosted by Brien Lundin, CEO and president of Jefferson Financial and editor of Gold Newsletter, the New Orleans Investment Conference first launched in 1975 as the brainchild of entrepreneur James Blanchard, a well-known dealer of fine coins and precious metals and the founder of Blanchard and Company.<\/span><\/p>\n

Blanchard was fondly remembered at the conference\u2019s 50th anniversary by presenters and panelists, including popular investor and speculator Rick Rule, proprietor of Rule Investment Media. <\/p>\n

Rule recounted first attending the event in 1986, beginning his presentation with an acknowledgment of the show\u2019s founder, noting that Blanchard was one of the \u201cmost wonderful mentors and best friends of my life.\u201d<\/p>\n

He spent the remainder of his 20 minute presentation \u2014 \u2018Another Bull Market: Don\u2019t Waste This One!\u2019 \u2014 pointing out that the precious and industrial metals markets are in an early stage bull run driven by mounting US debt and liabilities.<\/p>\n

To address these challenges, Rule expects the US government to print more money \u2014 boosting gold.<\/p>\n

He underscored the need for a contrarian approach, explaining the difference between beta, the outperformance of a sector relative to the broad market, and alpha, an investment or speculation that outperforms even the beta. <\/p>\n

\u2018If the gold sector does well, beta would be the difference between the performance of gold stocks relative to the stock market in general,\u2019 he said. Alpha would be gold stocks that outperform gold even as the metal is outperforming.<\/p>\n

\u2018If you aren\u2019t a contrarian in this racket, you\u2019re going to be a victim,\u201d he said several times during his presentation.<\/p>\n

Rule\u2019s nostalgic sentiment was echoed by economist and author Dr. Mark Skousen, who told audience members that he has been attending the New Orleans Investment Conference since the late 1970s.<\/p>\n

Skousen showed several photos of him and previous event guests over the decades.<\/p>\n

\u2018There I am burning my Social Security card, and later I tore up my Medicare card,\u201d he said pointing to a large screen. \u201cAnd today I am on Social Security and Medicare. So much for tearing up these state-run programs.\u201d<\/p>\n

He later quipped that Social Security has yielded poor returns compared to the stock market. <\/p>\n

\u201cLet me tell you something \u2014 these state-run programs are lousy programs, because for Social Security, if you had invested your money in the S&P 500 (INDEXSP:.INX), you wouldn\u2019t be getting US$3,000 or US$4,000 a month, you\u2019d be getting US$12,000 a month, which you can<\/em><\/em> live on,\u201d Skousen commented.<\/p>\n

\n

A family affair <\/h3>\n

In addition to the many notable speakers and presenters, this year\u2019s New Orleans Investment Conference was attended by hundreds of investors, with some even bringing their whole family.<\/p>\n

\u201cI\u2019m learning a lot from this conference, especially about mining for gold, silver and copper,\u201d said Deven. \u201cSome of the speakers talking about the economy have really incredible insights.\u201d<\/p>\n

The teen listed some commodities and assets he is interested in, including Bitcoin, silver and particularly gold.<\/p>\n

\u201cGold\u2019s been around for 5,000 to 10,000 years. It goes back before recorded history, and it\u2019s probably going to be around for the foreseeable future,\u201d he explained. \u201cSo I see it as one of the safest investments anyone could make.\u201d<\/p>\n

Lila expressed interest in learning more about the intricacies of the resource sector.<\/p>\n

\u201cI\u2019m big into real estate, (but) I don\u2019t know a lot about the mining sector, so I\u2019ve been learning a lot about that,\u201d she said, noting that she had visited the Battle Bank booth and is intrigued by the new financial endeavor. <\/p>\n

Richard Hunt, an investor from Chesapeake, Virginia, was attending the conference for his fifth time. Hunt, who was accompanied by his son Matteo, noted that sentiment from fellow attendees was positive.<\/p>\n

\u201cI see a sense of encouragement for the market tide to change,\u201d he said.<\/p>\n

Although many of this year\u2019s presenters made the case for investment in Bitcoin, Hunt prefers more tangible assets.<\/p>\n

\u201cI don\u2019t believe in investing in anything I don\u2019t understand,\u201d he said. \u201cI had no regrets not buying it.\u201d<\/p>\n

He went on to explain that part of his investment thesis is being able to lie down at night and not worry.<\/p>\n

Gold and silver are among his preferred metals, and he also underscored the opportunity he sees in uranium.<\/p>\n

\u201cI like uranium because I see artificial intelligence coming aboard. With Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and other big tech companies, they need energy. And there\u2019s not enough to go around,\u201d he said.<\/p>\n

When asked what keeps bringing him back to the Big Easy for the annual New Orleans Investment Conference, Hunt pointed to the community of likeminded investors.<\/p>\n

\u201cHere there\u2019s a network of people that are doing the same thing that I\u2019m doing,\u201d he said.<\/p>\n

\u201cIt\u2019s not just about going to the conference, seeing the booths, it\u2019s interacting with people. And from what I\u2019m seeing, people are positive, people are buying, and people are saying, \u2018Yes, it\u2019s been down, but I\u2019m going to buy because I see nowhere for it to go but up.\u201d <\/p>\n<\/div>\n

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Taking place a few weeks later than usual \u2014 likely to accommodate the US election \u2014 this year\u2019s New Orleans Investment Conference saw many resource sector analysts, newsletter writers, speculators and contrarians offer insight on the economy, potential market movements and which commodities to watch. Hosted by Brien Lundin, CEO and president of Jefferson Financial […]<\/p>\n","protected":false},"author":0,"featured_media":12717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12716"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12717"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}