Because I think the dollar is doomed as the world’s reserve currency … because I believe gold will one day — not too far off — trade at well over $5,000 an ounce …
And because I think the U.S. economy will eventually slip to number two in the world, behind China …
Most people think I’m a doomsayer on America.
But nothing could be further from the truth! As I recently explained in a conversation with Martin, America is and will always be a powerhouse.
It will slip to number two in terms of GDP someday, but it will still lead the world in several sectors and industries.
Chief among them: Technology. Just consider, for instance, what Google has been doing: It’s one of the most successful companies in the world and in the past 12 months it’s purchased no less than nine tech companies.
Google has always been on the cutting edge of technology, way ahead of the pack. It’s beaten Microsoft and Apple to the punch on the web.
It’s dominated the Internet, email marketing and advertising for years.
Google is everywhere in today’s world.
And its recent aggressive pursuit of robotics companies is a strategy that investors should pay heed to, a strategy that can bring stellar longer-term profits and plenty of short-term opportunities as well.
Technology is changing healthcare and bio-technology, making possible quantum leaps in the quality of our lives. |
Also consider, for instance, General Motors’ new robo-glove that allows a worker to create 20 additional pounds of gripping power with little effort, enabling a worker to load windows into car doors with less strain, reducing the likelihood of an injury.
Or Lockheed Martin, the world’s largest defense contractor, which is developing an “exo-skeleton” — a suit that workers wear — with mechanical extensions to ease strain on a worker’s arm.
Or Motorola, which has developed a hands-free computer that attaches to a hard hat’s lining. Using voice command, the HC1 Headset Computer pulls up video, manuals or e-mail to a boom-mounted, 1-inch monitor just below a user’s line of sight.
Robotics and technology are also changing healthcare and bio-technology, making possible quantum leaps in the quality of our lives.
Safe, robotic medical capsules that one can swallow and have non-invasive diagnoses made are being developed.
Intelligent robotic prosthetics will allow more and more wheel-chair confined people to walk again, even run.
Robotized surgery is making huge strides at delicate, difficult tasks where surgeons are prone to human error.
Robots can also contribute significantly to nursing, including assistance and care for elderly and disabled patients, helping to alleviate a chronic shortage in elderly care nursing.
Nursing robots can now collect patient data and even monitor the heart, blood sugar and high blood pressure.
Robotics can and will change transportation, even the way we drive.
Google X’s autonomous car project, consisting of a test group of six Toyota Prius’, an Audi TT, and three Lexus RX450h has now logged over 300,000 autonomous-driving miles completely accident-free.
With the typical American driving roughly an average of 15,000 miles per year, those 300,000 accident-free miles are the equivalent of 20 years of accident-free driving.
So it’s no wonder that three U.S. states — Nevada, Florida, and California — have already passed laws permitting autonomous, driverless cars on their streets.
There is simply no telling how much robotics and other technologies and advances therein will change our lives.
Moreover, my personal opinion is that America’s technology boom will be its saving grace. While it may not prevent us from slipping to number two in terms of GDP, behind China and its 1.4 billion people, it will prevent us from sliding any further.
My view: In addition to the right opportunities in gold, silver and other natural resources, there are fortunes to be made in the tech sector.
Best wishes,
Larry
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I think Larry is saying,it's the govt that is going bankrupt,not the country.So,makes sense that the Dollar,the common stock of our bankrupt govt,will decline.That doesn't mean,there aren't great companies,run by competent management,in this country,who will thrive.