Today you’re in for a “change of pace,” as I’m writing on the red eye to
Ft. Lauderdale at 1:00 AM, having been awake for 20 hours without so much as
a five minute catnap. Plus, I’m on Spirit Airlines – which by far, has
the narrowest seats of any airline on the planet; so my arms are so
compressed, I can barely type.
That said, the good news is you’ll get a true “stream of thought”
article – as my senses are simultaneously dulled by exhaustion, and
heightened by the joy of watching Sylvie – one of the only other still awake
souls – turning the pages of her My Little Pony workbook. And
for once, I have no internet availability, so I can’t be distracted by email,
financial markets, or Precious Metal prices (although I am aware that silver
surged to a new nine-month high of $17.30/oz before I boarded).
Yes, I accumulated plenty of “horrible headlines” in the past 24 hours;
and yes, I could discuss this week’s explosive silver breakout – and
maniacal, three-month old Cartel defense of $1,250/oz gold. But
frankly, aside from the sad announcement that one of the only true champion
of real money America has known, Andrew Jackson, is being deleted from the
$20 bill’s face – whilst the vile Alexander Hamilton, who ushered in what
became the Federal Reserve, gets to remain on the $10l, I’m going to
uncharacteristically eschew the news. Other than to note that by the
time this article is uploaded, the ECB will have issued another historically dovish
policy statement – in advance of next week’s April 27th “monetary
D-Day”; when the Bank of Japan is expected to double its equity “QQE”
program, whilst Whirlybird Janet fabricates new excuses why the Fed needs to
“hold off” policy tightening, whilst peddling fiction of the “recovery’ no
one but Wall Street sees.
No, what I want to talk about is the fact that four years of
Precious Metal pain is over, following the most violent, intense price
suppression scheme in financial market history. Not that suppression attempts
have ended; as to the contrary, they are more vicious, blatant, and
unrelenting than ever; and not just in gold and silver, but all asset
classes. And not that said “bear market” has been universal – as on
average, gold near, at, or above previous all-time highs in nearly all
currencies. As even so, silver is decidedly not – nor are “paper PM
investments” like mining shares, ETFs, and closed-end funds. Thus,
unless you have only owned physical gold in foreign currencies – which
few do – you have experienced an historically brutal, and “unfair,” bear
market since the “Sunday Night Paper Silver Massacre” of May 1st,
2011; and “Operation PM Annihilation I” four months later. “Unfair,” in
that it has occurred amidst the most bullish fundamentals imaginable; whilst
conversely, “favored” investments like stocks and bonds have been ceaselessly
supported amidst the worst imaginable environment. Which consequently,
has set the stage for one of history’s most violent mean reversions; as never
before have Precious Metals been so undervalued; and financial assets, so
historically overvalued.
But if there’s one thing I’ve learned in my 14 years of Cartel-fighting
ignominy; and 45 years on the planet; it’s that life is unfair. Not to
mention, difficult, stressful, and unrelenting. Which is why I, like
everyone else, was forced to identify coping mechanisms, both personally and
professionally. To that end, I could easily write a hell of an
entertaining book about what I’ve endured – and perhaps I will one day, when
the battle is finally won. That said, the end of the Cartel will
unquestionably usher in a far more difficult existence, despite the “riches”
higher gold and silver prices will bring to those, like myself, who had the
strength of will to resist normalcy, and the courage to invest in the world’s
most manipulated, and despised, asset class. So it may well be a
pyrrhic victory, as I may well be equally vilified for being “right,” as for
having predicted the future in Cassandra-like fashion.
Philosophy aside, at my core I’m a financial analyst, with a lifetime of
academic and practical training in how to “make money.” It’s what drove
me to Wall Street in the late 1980s, and to Precious Metals in 2002.
And today, to put essentially 100% of my liquid, investable assets where my
mouth is – as I not only believe they will rise exponentially, but know
so. And whether rising gold, silver, and platinum will enable me to
live richly, I could care less; as right now, I care principally of
protecting my life’s savings; and secondarily, ensuring a safe and
comfortable existence for Diana and Sylvie. Which I am equally
confident will NOT occur via historically overvalued stocks and bonds,
particularly in a pre-Socialist world, where income and capital gains taxes
are likely to skyrocket.
Along my 15 year journey, I’ve witnessed essentially all aspects of the
Precious Metal industry, both good and bad. And not just in Precious
Metals but the financial markets in general, and the world at large.
First, as an equity investor; then, an investor relations officer; and
finally, a die hard “gold bug,” purveying actual physical metal in what has
become as much a labor of love as a job.
As suggested above, life is extremely humbling; and nowhere more so than in
a world where one’s stock and trade has been commandeered by evil forces,
whose sole goal is to destroy, defraud, and pillage. But alas, from a
purely financial standpoint, the “powers that be” are at the end of their
rope. Sure, they’ve still kept control, for the most part, of most
financial assets. But NOT economic activity, commodity prices, currency
volatility, or political and social stability. And NOT Precious Metals,
as gold has not only surged worldwide, but decidedly bottomed in America, the
epicenter of history’s largest, most destructive fiat Ponzi scheme.
Well, that’s enough for now – as pretty soon I’m going to pass out, and
I’d really like to be refreshed for tonight’s historic Q&A event.
But before I sign off, I want you to take a collective deep breath; ponder
what you have dealt with for these four long years – or longer, for the
“paper PM investment” sector; and know that you have survived the worst; and
thus, are positioned to survive, and potentially thrive, in the coming,
difficult years – as “YES, THE PRECIOUS METAL BULL MARKET IS FINALLY BACK!”
