You’re never too old to make a change, and Sam Zell is living proof of this. He’s a multibillionaire and America’s number-one real estate mogul. At age 77, Zell is buying gold in 2019 for the first time in his life. Better late than never, I say. In fact, his timing could turn out to be perfect.
Mr. Zell’s reasons for buying gold are compelling; this shouldn’t be surprising, as he is a highly respected financial authority. But, I’ll let Mr. Zell speak for himself: “For the first time in my life, I bought gold because it is a good hedge.”
That’s as valid a reason as any, as gold has a long and stable history as a hedge against political crises, market turmoil, and the inevitability of rising inflation and the devaluation of the U.S. dollar. And so I would heartily agree: with the U.S. national debt piling up, a slowing global economy, and a peaking U.S. dollar, gold is indeed “a good hedge.”
Moreover, as Zell himself suggests, the dollar isn’t the only thing that’s peaking. The world’s supply of gold is also peaking, which is decidedly gold bullish. To quote Mr. Zell again, “Supply is shrinking, and that is going to have a positive impact on the price.”
He’s 100% right about the supply crunch, as the world’s supply of gold is expected to peak in just a couple of years:
Courtesy: CIBC World Markets, U.S. Global Investors
While the global production of gold is peaking and destined to decrease rapidly, demand is only growing. China, Russia, India, and Turkey are just a few of the countries that are buying and hoarding massive quantities of gold; like Sam Zell, they’re making a move today in anticipation of higher prices tomorrow.
As an investor, you can also make a move today. Sure, you can own physical gold – there is nothing wrong with that – but you can also accumulate shares of a great mining company like Marifil Mines Ltd. (TSX.V:MFM, OTC:MFMLF), whose CEO is industry top gun Roberto Abenante.
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Like Sam Zell, Roberto Abenante is a recognized leader in business and finance. From energy and mining to agriculture technology and life sciences, Mr. Abenante has founded and served as an officer/director of public and private companies in multiple high-growth industries.
A CPA with extensive experience in the public markets, Abenante has held senior financial advisory roles at Deloitte & Touche and PricewaterhouseCoopers. He’s been a featured guest on expert panels for various financial groups, such as Euromoney, and he’s a frequent lecturer at Simon Fraser University.
Courtesy: Roberto Abenante
As the CEO of Marifil Mines, Abenante brings his extensive experience and know-how to Argentina’s most exciting development and exploration projects. A veteran business builder, Abenante has assembled a premier team of mineral exploration experts to provide Marifil Mines with an edge in the extraordinarily lucrative South American mining niche.
Sam Zell might have waited a long time to get into gold, but his reasons are right, and his timing is spot-on. Peak gold production is the catalyst, and Marifil Mines is the vehicle – I’m riding this investment all the way to the top.
Research Partner, PortfolioWealthGlobal.com
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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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