Become a Better Investor Newsletter – 6 December 2025
Noteworthy this week
- Gold reserves on the rise
- Miners see wide margins
- Silver jumps to a new ATH
- The average investor underperforms bonds
- Get 5% yield in Japan
Gold reserves on the rise: Today, gold accounts for 24% of global reserves, up from 14% 20 years ago.
Twenty years ago, gold represented 14% of global reserves.
Today it’s 24%
By 2030, if current pace continues, gold would represent 27% of global reserves
From 2002 to 2010, central banks dumped 140 million ounces of gold.
After 2008 broke their confidence, they became net… pic.twitter.com/96OofX0HjN
— Katusa Research (@KatusaResearch) November 26, 2025
Miners see wide margins: With gold prices above $4,000/oz, miners stand to make big profits.
Massive gap between gold and the cost of production…
There’s some very good things about this, but also some cause for caution.
As explained here: https://t.co/HE0jzBOJMY pic.twitter.com/Bba2bFXAu5
— Gold Market Chartbook (@goldchartbook) November 26, 2025
Silver jumps to a new ATH: Silver has outperformed gold and reached an all-time high above US$60/oz t.
JUST IN 🚨: Silver jumps to new all-time high 📈📈 pic.twitter.com/dIdMpWUGYJ
— Barchart (@Barchart) December 3, 2025
The average investor underperforms bonds: We often talk about market returns as benchmarks, but the average investor earns significantly lower returns. According to this chart, the average investor earned less than half the returns of a 60/40 portfolio.
The average investor: pic.twitter.com/1HxN9E4zER
— Invest In Assets 📈 (@InvestInAssets) November 30, 2025
Get 5% yield in Japan: Japan’s 40-year government bond yields 5%, as the country faces significant challenges.
You can now buy a 5% yield from Japan, if u know where to look. 5%, not 3.3%…!
And that should be threat to long bonds everywhere and particularly in the US. pic.twitter.com/KGmfvbJwI2
— Alexander Stahel 🌻 (@BurggrabenH) December 2, 2025
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Podcasts we listened to this week
Michael Burry Speaks – Against the Rules: The Big Short Companion
“Lately, Burry has been in the news again because his fund has taken short positions against tech giants Nvidia and Palantir. Now he finally sits down with Lewis as part of this series.”
Readings this week
The Last Human Edge
“In an age of machines, Henry Ellenbogen’s alpha comes from reading people, patterns, and the painful transition where certain companies either compound for life or die trying.”
Book recommendation
The Status Game: On Human Life and How to Play It by Will Storr
“What drives our political and moral beliefs? What makes us like some things and dislike others? What shapes how we behave, and misbehave, in groups? What makes you, you?”
Get the book on Audible or Kindle.
Audible is great; have you tried it? If not, click here to get 2 books for free.
Memes of the week
— Not Jerome Powell (@alifarhat79) December 3, 2025
— Not Jerome Powell (@alifarhat79) December 3, 2025
New My Worst Investment Ever episodes
Ep814: Edwin Endlich – Early Doesn’t Always Mean Right
BIO: Edwin Endlich is the Chief Marketing Officer of Wysh and President of the National Alliance for Financial Literacy and Inclusion.
STORY: Edwin’s worst investment was buying Tilray stock at $143 during the early hype of legal cannabis investing. Swept up in the excitement of a “new frontier,” he held on as the price crashed—eventually selling at around 30 cents and losing over 99% of his investment.
LEARNING: The fundamentals always apply, even in new or exciting industries. Don’t let hype replace due diligence.
Access the episode’s show notes and resources
Published on Become a Better Investor this week
JD Health International Incorporated (6618 HK): Profitable Growth rank of 2 was up compared to the prior period’s 3rd rank. This is World Class performance compared to 540 large Cons. Staples companies worldwide.
Read JD Health International – World Class Benchmarking
Lite-On Technology Corporation (2301 TT): Profitable Growth rank of 6 was same compared to the prior period’s 6th rank. This is below average performance compared to 620 large Info Tech companies worldwide.
Read Lite-On Technology – World Class Benchmarking
Fujian Star-Net Communication Company Limited (002396 SZ): Profitable Growth rank of 7 was up compared to the prior period’s 8th rank. This is below average performance compared to 620 large Info Tech companies worldwide.
Read Fujian Star-Net Communication – World Class Benchmarking
Lotte Shopping Company Limited (023530 KS): Profitable Growth rank of 9 was down compared to the prior period’s 7th rank. This is poor performance compared to 970 large Cons. Disc. companies worldwide.
Read Lotte Shopping – World Class Benchmarking
In November 2025, we published 1 new episode of the My Worst Investment Ever podcast. Listen to all of them here.
Listen to My Worst Investment Ever November 2025
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.