March 22, 2019
KEYS TO THE KINGDOM: We’ve Hit A HOMERUN!
It’s been an incredible two days, as Marifil Mines (TSX-V: MFM & US: MFMLF) more than doubled.
It’s been an incredible two days, as Marifil Mines (TSX-V: MFM & US: MFMLF) more than doubled.
After the Great Depression in 1929, a NYC professor named Benjamin Graham changed the investing world for good.
It takes unbelievable patience and resolve to DO NOTHING, to wait for just the right moment – for the perfect time to strike. I found a company that has been LEFT FOR DEAD.
The FED is desperately going to attempt to hold the line, but when it comes down to a choice between letting inflation officially run as high as 2.5%, or announcing rate hikes to block inflationary pressures – and risk blowing the stock market into smithereens – Jerome Powell has already revealed what he’ll do. On air, he has said that he’d rather let inflation overshoot.
Nothing scares government and central bank fat cats more than a Washington insider who moves into the private sector and exposes the corruption and fiscal mismanagement he sees in today’s highest ranks. Armed with information that few possess, such an individual is free to lead the cause against criminal activity – and stir up a lot of controversy in the process.
We buy physical gold for various reasons, but the most obvious one is to protect our purchasing power. This is especially true in the face of currency printing, $1.1 trillion annual deficit spending, and the phenomenon termed “De-dollarization.”
Americans have bought into the recovery – I can tell you that. It’s extremely easy to become convinced that the U.S. is over the hurdle. The jobs market is absolutely on fire.
The economy, like all other aspects of life, is governed by cycles. These can last for years or even decades, and like the ocean tide, they will ebb and flow irrespective of human sentiment or fleeting whim. The best investors don’t try to fight it; instead, they’re keenly aware of the cycles and take their positions accordingly.
One of the areas that perplexes investors who learn about the origins of the Federal Reserve is that the system can even remain intact for more than a day.
A big change happened in 1971 when the U.S. Government decoupled the dollar from gold and based it on “fiat”: a decree saying that these pieces of paper have value just because the government said so. Historians now call this event the “Nixon shock,” and for good reason – the federal deficit quickly doubled, stagflation hit, and the price of oil skyrocketed.
