In the big picture, I am shocked that gold isn’t trading for $1,200 and silver at $13, in line with their production costs. We’re operating in a financial world that is broken, where money is freely handed out to credit-worthy entities, without regard to their need of it.
We have ZERO rates, but we also have ZERO trickle effect of credit from the financial system into the real economy. The rich are offered loans at silly rates, while the masses don’t have any access to leverage or opportunity.
Gold bugs have been racking their brains for years, trying to figure this out. Their argument has been the following: zero rates, debt implosion and geopolitical problems equal 10% inflation and $10,000 gold.
Some gold bugs have become best-selling authors and regulars on talk shows and online podcasts, repeating this for years – WRONGFULLY SO – and still enjoying popularity somehow.
The reason that listeners entertain these erroneous views for years on end is because they too want to believe in the cause and effect relationship of printing trillions of currency units, creating mountains of debt and seeing crumbling fiat currencies, while gold shoots to the stratosphere.
The problem isn’t that they’re just wrong; it is also that they’re missing out on huge gains.
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When I began covering Bitcoin at $550, our staff received hate mail. The rare few, who took the time to research and take action, made a killing. The same happened a month after, when I published our independent analysis of Ethereum at $16.50 and Dash at $33.
Later on, in 2017, I published our thesis on the fact that tax cuts will make stocks much more valuable and we profiled several blue-chip names, all of which have performed extraordinarily well. Same as with Bitcoin, we were flooded with inbound mail, regarding the stock market being a giant casino, a bubble controlled by Wall Street, yet all of our Dividend-Payers are up 30% and 104%, most beating the indices and reporting earnings in line with valuations.
We receive countless requests to look into cannabis stocks, yet in 2019, we’ve mostly avoided them, to the detriment of many, but rightly so on our part – the biggest and the smallest names in the cannabis industry are all BRUISED AND BATTERED.
Worst of all, when I announced how bullish I was on housing, the feedback was that mortgages are a giant sea of debt.
The truth is that what really great investors do, is to LET GO of what OUGHT to happen in a perfect world, and instead focus on what does occur in an imperfect one.
Real estate has been a fantastic investment opportunity. In hindsight, I should have bought more.
But now comes the sad part for the investors that adapted to this experimental financial lunacy and succeeded: the party is nearly over. Central banks cannot feed the goose in the same way for another decade and it is unlikely that they could do it, once this election is decided in one year.
In other words, the clock is ticking on this low-inflation, elite-oriented world.
The coming decade is not going to be anything like the one we’re wrapping up; the one thing that will change radically is that the trickle effect of fiscal policies will drive up commodity prices and gold and silver will trade for much higher prices.
Oil is the most important component in the process of mining; as I see it, it is heading higher. If you’re not attending this current party of stock market boom and real estate rally and decided to skip it to go to the NATURAL RESOURCES festival, know that it’s about to begin and you’re the first to SHOW UP!
Research Partner, PortfolioWealthGlobal.com
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Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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