The FED will cut rates in weeks, the E.U. will begin a new round of quantitative easing, and the world, including the U.S., is headed to negative interest rates becoming the norm.
Debt… China, the U.S., the E.U., this entire boom, recovery, retardation of an economy, whatever you want to call it, it’s all fueled by deficit spending both privately and by governments worldwide.
Owning some physical gold is a must, in my opinion; it’s step one to protecting yourself and family. Think of the yellow metal as an insurance policy or real money (which it is).
It’s the ultimate cash position, preserving purchasing power over time, unlike all fiat currencies.
There’s so much to be said about this chart, but not today. Let’s just go over our current 2019 gold and silver suggestions.
Aside from the physical metals, we’ve also suggested a few mining shares.
Now, I’ve put them all in the speculation category because we are buying them in anticipation of them increasing in value – these are NOT cash flow investments.
In case you missed it, we’ve put out sell alerts for the following suggestions, not because they aren’t great companies, but in order to lock in some early profits as we look for new opportunities to participate in what we see as a multi-year bull market in gold that started in the spring of this year.
***By the way, if you think you’re late to the party, don’t worry because it hasn’t even started.***
Check out the ETF outflows for the GDX – it’s been negative every month this year!
We’ve already seen some fairly large profits in just the past few months, and that’s without any real interest from the mainstream retail crowd, which is coming. The institutions are barely starting to get in!
2019 confirmed gains from closed positions: K92 Mining up 340%, Equinox Gold up 73%, Sprott up 28%, and Silver One up 245%.
We like producers because as the metal price rises, they are able to see maximum upside in profits since the costs may not increase at all.
For example, if your cost was $750 an ounce in May when gold was $1,250, you had a profit of $500 per ounce. Today, gold trades for over $1,500 an ounce, meaning profits have literally doubled!
We also love gold hoarders: development companies that have a lot of gold ounces in the ground.
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Its market cap has been as high as CAD$450 million. Today, it’s barely CAD$87 million!
When we profiled it, it was under CAD$50 million.
In my opinion, this one could have more potential than any other company I’ve profiled. I’ll have more details for you on it soon.
Looking for other good suggestions on this pullback?
Consider adding these to your portfolio:
***First Majestic Silver Corp. (NYSE: AG), the purest primary silver producer on the planet.
***Winston Gold Corp. (US: WGMCF & CAD: WGC), a near-term gold producer.
***Sandspring Resources (TSXV: SSP & US: SSPXF), a gold optionality play with very strategic shareholders.
***Marifil Mines (TSXV: MFM), a very high-risk/high-reward play, but to be honest, the exploration business is where I’ve personally seen some of my biggest gains.
***First Mining Gold (TSX: FF), with an extremely high-quality gold portfolio and one of the best managers I’ve ever encountered.
There will be more coming, as this gold market is a rare opportunity.
Luckily for us, not very many people are seeing this yet, so we still have plenty of time to position ourselves in.
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!
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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. We have NOT been compensated to profile Winston Gold, First Majestic Silver, Equinox, Sprott Inc, and GDXJ. We have no active marketing agreement with First Mining Gold, however we did receive two hundred fifty thousand dollars for a ninety day agreement that is expired. We have received compensation paid for directly by the company, two hundred thousand dollars from Sandspring Resources, and two hundred thousand dollars from Marifil Mines. We own shares in every single recommendation, including the ones we’ve been paid by, we will not sell any shares during any active email coverage and will not sell any shares within thirty days of any coverage of a stock mentioned in this letter.