Gearing up for Zurich... Next week's Digest... Your invitation to a private cocktail party with The Atlas 400... Burry smashing the Fed... Government employees calling for a gold-backed currency... An Oscar in the works?...
Our office is in full swing preparing for next week in Zurich.
DailyWealth will publish a special series of "Swiss themed" essays while we're in the offshore banking capital of the world. We'll tell DailyWealth readers the best places in the world to store gold (it has nothing to do with a bank or a safe in your home). We'll also disclose a long-term asset protection strategy you can buy with one click through your regular broker and a currency play you haven't read about anywhere else at S&A.
The Digest also has something special planned. As you probably know, we've been working on a new, ultra-exclusive service with Matt Badiali. It's called the S&A Junior Resource Trader (JRT).
This advisory is the product of more than 10 years of us building high-level contacts around the world in the resources business. (They've asked we not share their names... But I guarantee you know these people.) Most of our readers realize getting into a great junior resource stock is about the only way they stand a chance of making gains of hundreds, or even thousands, of percent. Just look to Matt's recent string of huge winners. Readers made a 339% gain in Jinshan Gold... a 542% gain in ATAC Resources... and more than 347% in Silver Wheaton.
Every day next week in the Digest, Matt will tell readers about spectacular gains he's achieved in the junior mining sector using the JRT trading system. And he'll also divulge a new secret each day about the trading system we've spent so much time developing. In short, he will teach you how to become a JRT investor.
Alliance members received their first weekly issue of the S&A Junior Resource Trader last week. This service will be available to the general public soon.
Also, we have selected 10 Alliance members (members we prescreened for eligibility) for a special, invitation-only cocktail party with The Atlas 400. While this is by no means an invitation to join the club, we do think they could add value to the organization.
If you're not familiar with The Atlas 400, it's a private, not-for-profit club Porter and I created to leverage our global network of contacts – and the networks of our friends. Our personal relationships have done more for our wealth and success than any other single factor. Cultivating these relationships is the only real secret to life...
Nothing will enhance your life more than being a part of a successful group of people who are sincerely interested in your well-being.
How does the club help cultivate these relationships? We handpick likeminded, successful people as our members. We're careful to only choose members who can add value to the club (via their knowledge, relationships, or business). Then, we host our members at world-class venues around the world.
We've found nothing builds real friendships faster than traveling the globe together – being taken out of your comfort zone and away from your BlackBerry. These experiences aren't available to just anyone... For example, we had the CEO of Porsche host us for a day of racing at the company's private test track in Leipzig, Germany. We also used our contacts at BMW to arrange a day of racing at the company's Aschheim testing facility – the most secretive BMW facility in the world (we were the first outside group they hosted there). We've also sat front row at the Super Bowl and rented out the best fishing lodge in the world in the Panamanian jungle.
Next year will be even better... In February, we're heading to Swedish Lapland to see the Northern Lights, race dogsleds, drive cars under extreme icy conditions, and sleep in custom-built igloos. We're also heading to Argentina, where the world's foremost bird-shooting expert will host our group for the week. And we're ending the year with a once-in-a-lifetime safari throughout southern Africa.
But first, we're heading to Zurich. Following the Alliance meeting on November 15, Atlas members in attendance are heading to Liechtenstein to meet with the chairman of one of the country's oldest and most respected banks (he also happens to be the country's former prime minister).
Then we'll rerturn to Zurich, where we've arranged a private walking tour through the downtown, followed by a private dinner at one of the city's finest restaurants, courtesy of our friends at UBS. At dinner, the bank's CEO and CFO will address our group and describe exactly what services their bank can offer us. In these uncertain times, having a powerful network of friends is more important than ever before.
If we selected you to join us for the cocktail party in Zurich, you will receive your invitation by Wednesday. The invitation will include the date and location of the cocktail party. We're looking forward to meeting you.
And if you're interested in applying to The Atlas 400, you can find an application here. Again, this club is not for everyone. It is expensive to join (a $25,000 initiation fee). And you must go through a series of interviews before being approved by the board... You don't become a full-fledged Atlas member until we meet you at your first event.
Michael Burry, the former hedge-fund manager who predicted the housing crisis, isn't happy ahow the government is handling the fallout from the disaster. Burry, who was immortalized in Michael Lewis' The Big Short, said Bernanke is trying to use "poison as the cure" by printing hundreds of billions of dollars to spur growth. Burry says the Fed's actions aren't helping the "real" economy and will eventually destroy the dollar. He also worries the Fed's actions are forcing investors to take on too much risk.
How is Burry playing this situation? He's buying farmland and gold (he's held these positions for a while, though he expects them to continue soaring as we're in the midst of quantitative easing 2).
While we're not surprised to see a former hedge-fund manager trashing the Federal Reserve, it's surprising when Germany's finance minister takes a similar tone. Wolfgang Schäuble said the U.S. economy is in a "deep crisis." And he criticized Bernanke's decision to pump $600 billion in to the market... "It is not consistent when the Americans accuse the Chinese of exchange rate manipulation and then steer the dollar exchange rate artificially lower with the help of their [central bank's] printing press," Schäuble said.
Even the World Bank President (and former U.S. Treasury official) Robert Zoellick is trashing our current system. In an op-ed for the Financial Times, Zoellick called for a system that "is likely to need to involve the dollar, the euro, the yen, the pound, and a renminbi that moves towards internationalisation and then an open capital account."
And he thinks we should bring back gold as a monetary asset. "The system should also consider employing gold as an international reference point of market expectations about inflation, deflation, and future currency values," Zoellick said.
As if on cue, gold traded above $1,400 today. It started the day down.
New Highs: Fronteer Gold (FRG), Market Vectors Gold ETF (GDX), Inter-Citic Minerals (ICI.TO), Imperial Metals (III.TO), ProShares Ultra Technology ETF (ROM), Silver Wheaton (SLW), Silvercorp Metal (SVM), Coca-Cola (KO), Arch Coal (ACI), Puda Coal (PUDA), iShares Silver Trust (SLV), Enterprise Products Partners (EPD), ConocoPhillips (COP), Amerigas Partners (APU), EV Energy Partners (EVEP), McDonald's (MCD).
If you haven't already seen Porter's video, Gold and Guns, you can watch it here. As you can see from the mailbag, it was a hit. How are your holdings of gold and guns? feedback@stansberryresearch.com.
"Excellent video... the message is irrefutable! You'd be quite the hit in my town of Ann Arbor MI... aka Berkley of the Midwest. I am terribly outnumbered here... could you spare some ammo? I did have a hard time taking you seriously at first with you sporting that faux hawk hairdo... is that what you really look like? If so, I applaud your style and cahoonas..." – Paid-up subscriber Steve Morse
"Porter you don't look the same in the video as you looked at Kiawah Island last year when I was there but you are singing the same song. You can lead a mule to water but you can't make him drink! I'm up a bunch in gold but more in silver. The poor man's gold." – Paid-up subscriber "Poor ass dirt farmer in S.C."
"I assume it was the animation software which produced such a less than compelling movie. The ideas while extremely compelling and quite familiar to readers of the Stansberry newsletters, were not especially new. The dialog was not very natural (phrasing not voices), almost less so than the characters delivering it. I did watch the whole thing. Keep working on your script writing Porter, Rome was not, well you know..." – Paid-up subscriber David M. Stewart
"Both of you need anger management classes. Just saying you will shoot someone is now classified as a terrorist threat (federal offense). You need to do something different with your hair. If you insist on wearing a pink shirt to work, a button down collar will work much better. If you do wear a tie in the office, the short tie went out of style decades ago. It should not be 4-6 inches above your belt. Great message." – Paid-up subscriber Jim Dunn
"Deflation is coming." – Paid-up subscriber Allen Whitmore
Goldsmith comment: We respectfully disagree.
Regards,
Sean Goldsmith
Baltimore, Maryland
November 8, 2010