Janet Yellen just opened the gates of hell.
Before Jerome Powell, we had Yellen chairing the Federal Reserve. She is the one we owe our gratitude, so to speak, when it comes to creating a bottom for gold. When she decided to raise rates in December 2015, precious metals finally bottomed.
Now, over five years afterwards, she is advocating that the central bank should buy stocks in the NEXT DOWNTURN.
Jerome Powell keeps citing that the bank has a dual mandate, which includes (1) price stability and (2) full employment.
I don’t see anywhere in there that central banks should invest in equities.
Who would gain from this type of policy? If Congress allows this one to fly, then the result of it would be artificially-high prices. Here’s a chart explaining who has something to gain (if you haven’t guessed it by now):
Rich people own stocks. Poor people have debts. Governments overspend and the world goes ‘round.
Gold, therefore, is an essential asset to own.
When the next huge problem comes out of the shadows and into the limelight, diversification will mean EVERYTHING.
Covid-19 virus, formerly known as corona, seems to be more complex to deal with than we were originally told. The Chinese government, in its efforts to contain the panic, might only be making it worse.
People are now aware of the cover-up, the lying and the fabrications of numbers.
You can’t fake it anymore. When 400 million working people are quarantined, and when the world’s 2nd largest economy – with annual exports of $2.3 trillion and annual imports of $2.1 trillion – is paralyzed, then Japan, India and Germany will enter RECESSIONS!
Gold, on a technical analysis basis, is eyeing $1,632, while silver is gunning for $18.76.
Everything we do requires two metals: copper and silver.
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The world mined approximately 800 million ounces of silver in 2019, which means production has gone down 3 years in a row.
Even so, global silver consumption will be 1 billion ounces this year.
Over the last 10 years, we’ve had a 500-million-ounce silver deficit. It’s inevitable, in my opinion, that the price of silver will go up.
On a technical level, silver has much more room above than below as the spot price is working its way back up towards the near-$50 region attained in April of 2011. The days of sub-$14 silver are behind us, but there’s still a long ride back to $50 and beyond.
First Majestic Silver (NYSE: AG & TSX: FR) is the purest primary silver producer on the public markets. Yesterday, shares were up by 5.8% and since we began profiling it in June 2019, the price is up over 75%!
40% of the company is owned by institutions.
9.9% is owned by a single company, which happens to be the KING in this space: Wheaton Precious Metals (formerly Silver Wheaton).
This is a real silver producer, with the majority of its income coming from silver.
First Majestic Silver is the ONLY silver stock I own. Consider buying shares of First Majestic Silver (NYSE: AG & TSX: FR), the purest silver producer on the planet.
The world already consumes a billion ounces of silver per year, and in 2015 we topped out at 894 million ounces of silver production. Last year it was around 856 million ounces, and this year it’s expected to be just over 800 million ounces.
When you add it all up, the company produced approximately 16 million silver-equivalent ounces in 2017. In 2018, it grew to more than 22 million ounces. For 2019, they hit 25 million ounces!
It’s a Keith Neumeyer company, which is all I need to know. This is the most relentless person I’ve met, and he’s the most successful as well. Prior to starting First Majestic Silver, now a $2 billion company, he was the founder of First Quantum, a copper company that became a billion-dollar producer. Keith knows how to grow a business, and even more importantly, set up his investors for big gains.
First Majestic acquired the world-class San Dimas mine in 2018, which has already doubled their annual production. He’s also grown the company’s in-ground reserves by 43% from 120 million silver-equivalent ounces in 2017 to 171 million in 2019.
In my opinion, First Majestic is and will continue to be the go-to silver stock. Make First Majestic Silver (NYSE: AG) a core stock in your portfolio.
I plan to ISSUE a critical update this Sunday, which is going to cause you to shake your head in disbelief – wild 2020 ahead!
Research Partner, PortfolioWealthGlobal.com
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We are not brokers, investment or financial advisers, and you should not rely on the information herein as investment advice. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEC filings, press releases, and risk disclosures. Information contained in this profile was provided by the company, extracted from SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it. You should know that we have been paid two hundred thousand dollars and received twenty five thousand stock options with an exercise price of fifteen dollars and ninety three canadian cents by First Majestic Silver Corp. (AG) as consideration for a one year digital marketing campaign, which includes this communication. You should know that that we intend to exercise options and/or sell shares in 2020. We will only sell shares after a minimum of thirty days after an email marketing campaign. In the past, AG has compensated us (and/or our affiliated companies Future Money Trends and Gold Standard Media) a total of sixty five thousand dollars (in twenty eighteen) and twenty five thousand dollars (in twenty seventeen) for prior, now concluded, marketing campaigns. We also currently own an additional seventy five thousand Options of AG with a conversion price of ten canadian dollars and eighty four cents (twenty five thousand), nine canadian dollars and one cent (twenty five thousand), eight canadian dollars and thrity one cents ( twenty five thousand), which we received from AG in connection with our prior work.
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