Mark recalls seeing the 1987 market crash from his fathers concerned perspective. There were a lot of worried traders at the time, but also some that made off like bandits. This experience showed him that there were always winners and losers in markets and helped shape him into a contrarian investor.
The current move in gold is still very early, and prices should be much higher based on economics. Most gold companies today are very undervalued. Today is a great time to do your homework by taking a hard look at stock valuations and monetary policies. It may well be in your interest to have an investment in precious metals.
Timestamp References:0:40 - Beginning of his interest in finance.4:15 - How markets have changed and lessons.8:20 - Where are we today in the bull market?11:50 - Timing for copper and uranium.15:40 - Psychology and exiting positions.