Your Second Chance in Gold Starts Now
Your second chance in gold starts now... How to get Porter's No. 1 gold recommendation tonight... Doc Eifrig on gold... When several Stansberry Research analysts agree... P.J. O'Rourke: America won't survive without this...
Stansberry Gold Investor subscribers are about to receive Porter's No. 1 gold recommendation right now...
As regular Digest readers know, Porter is hosting a special call about the gold market tonight.
In fact, as this e-mail arrives in your inbox just after 6 p.m. Eastern time, this event will have officially gone "live." And subscribers who attend are in for a treat...
Porter has invited longtime friend and legendary resource investor Rick Rule to join him tonight to discuss everything investors need to know about the precious metals markets over the next several months. Tonight's call will cover...
- An update on the "Metropolitan Plan." Porter's powerful Metropolitan Club host has three new predictions that could catch most investors off-guard this year.
- The latest on negative interest rate policy (or "NIRP"). The Federal Reserve is talking about raising interest rates again next month, while rates remain negative across Europe and in Japan. What does this mean for gold now?
- Why Porter believes this summer could be the beginning of the gold "bull mania." He says the next gold rally could dwarf the one we saw earlier this year... and recent events have convinced him it could begin sooner than you might expect.
- What Rick is seeing and hearing in the mining sector today. Rick is a 30-year veteran of the resource markets and has personally made a fortune investing through multiple "boom and bust" cycles. No one is more experienced or plugged in to what's really going on in the gold-mining industry.
- Why this could be the best gold-buying opportunity you'll see all year. The recent pullback is giving investors a great second chance to build positions in the highest-quality precious metals investments... Porter will share which Stansberry Gold Investor open recommendations are the best bets to buy today.
- And of course, Porter will reveal the first of several brand-new Stansberry Gold Investor recommendations. This gold miner is his No. 1 recommendation for new money right now... that could return hundreds of percent as the mania begins.
This last point is likely what many of our readers are most interested in hearing...
Subscribers who took advantage of our offer to become charter members to Stansberry Gold Investor in April are already doing well. They're sitting on gains in 12 out of 14 recommendations – including nine double-digit winners – in less than two months.
But this success came with a downside... Many of these recommendations soared far above their buy-up-to prices.
This meant new buying opportunities have been limited... And we've been forced to keep the doors closed to new subscribers for the past several weeks.
Thanks to the recent pullback in precious metals, eight of these 14 recommendations are now back in buy range... many of them for the first time since we launched.
But that's not all...
Behind the scenes, the Stansberry Gold Investor team has been busy...
For the past several weeks, they've been searching the world for even better opportunities. They've met with the best management teams and visited mine sites in safe jurisdictions across the U.S. and Canada. And they've created a short list of the absolute best investments for new money in the gold markets today.
Tonight, they're sharing all the details on the first of these opportunities.
Again, tonight's call started promptly at 6 p.m. Eastern time...
If you didn't sign up in advance, you may not be able to hear it live. But don't worry. It's not too late...
If you join Stansberry Gold Investor tonight, you'll receive immediate access to all of the details of Porter's brand-new recommendation. You will be prepared and ready to take your position first thing tomorrow morning.
You'll also get immediate access to the full Stansberry Gold Investor portfolio, with all open recommendations and detailed buy-up-to instructions... along with access to our members-only website, featuring important updates and insider interviews... and you'll be among the first to get access to a full replay of tonight's live call.
In other words, if you weren't able to claim your charter membership to Stansberry Gold Investor in April, you now have a second chance... and there has never been a better time to come aboard.
But there is one catch...
If Porter is correct, the recent pullback in prices won't last much longer. Tonight's recommendation – along with the rest of the open recommendations in the Stansberry Gold Investor portfolio – may not remain a "buy" for long. If you're interested in joining us, please don't hesitate.
Click here for all the details. (This does not lead to a long promotional video.)
Speaking of gold, regular readers know Porter isn't the only Stansberry Research analyst bullish on gold today. For months now, we've noted that several others – including Steve Sjuggerud, Jeff Clark, Matt Badiali, and Ben Morris – are as bullish as they've been in years.
But that list isn't complete...
We've failed to mention that our colleague Dr. David "Doc" Eifrig agrees.
Longtime readers know Doc is super-conservative. His advice is tailored for retirees and other folks who can't afford to take big risks... And he's about as far from a "gold bug" as you can get.
So we hope it gets your attention when even he says everyone should own some gold today. As he explained in the April issue of Retirement Millionaire...
Gold can do two things for you... For one, its price is uncorrelated to virtually any other assets. Attempts to tie gold's performance to all sorts of indicators have mostly failed. Gold does what it wants.
That can be extremely valuable to a portfolio. Whenever you add an uncorrelated asset to a portfolio, you decrease your risk relative to your return. Gold may go up or down, but over the long term it will reduce the year-to-year fluctuations in your portfolio.
Like our other analysts, Doc also agrees that today is a particularly attractive time to buy gold. More from the issue...
One thing that does appear to influence gold prices is changes in real interest rates – particularly when rates go negative. When we say "real interest rates," we mean what you can actually earn in interest after removing inflation. If you can earn 4% in a Treasury bond and the inflation rate of the same period is 1%, then the real interest rate is 3%.
Of course, you can't earn that anymore. Today, you earn a negative 0.1%. In other words, it costs you money to hold money! One of the biggest knocks on gold is that it doesn't deliver any yield. So the metal looks a lot more attractive when rates turn negative.
As he explained, the bottom line is simple...
Right now, we have central banks around the globe driving down rates to negative territory and gold trading cheaper than it has for years. That makes it a good time to pick up some gold to balance your portfolio.
As we often say, when several Stansberry Research analysts agree, we always take note...
Remember, unlike many other research firms and banks, we're completely independent. We're not beholden to advertisers or the companies we're analyzing. We work only for you, the subscriber.
We've hired some of the best analysts in the world, and no one – not even Porter himself – tells them what to write.
Naturally, this means they sometimes have differing opinions. But it also means when most or all agree – like they do about gold today – you should pay close attention.
Again, we believe everyone should own physical gold and silver today. And there is likely no better opportunity for truly life-changing gains than in select mining stocks.
If you're looking for the best ways to own gold – from the safest forms of physical gold to the most promising junior miners that could soar 20, 30, or even 50 times their current prices – you owe it to yourself to learn more about Stansberry Gold Investor. Click here for the details.
Be sure to read on for the latest essay from contributing editor P.J. O'Rourke, who shares the second installment of his recommended books for investors...
New 52-week highs (as of 5/27/16): PNC Financial Services – Series P (PNC-PP).
In today's mailbag, two subscribers share how they spent their holiday weekends... and another comments on the "Metropolitan Plan." Send your questions, comments, and criticisms to feedback@stansberryresearch.com.
"In response to the Friday Digest question of how are you spending the holiday, I'm traveling with 3 high school friends in Bogota and Medellin, Colombia. They are all smart and successful businessmen, but none of them own any physical gold or silver, much less mining stocks. They think I'm the eccentric 'gold bug' that buries bullion in the back yard. (I'm not denying or confirming that I do). We did tour a very educational 'Museum de Oro' in Bogota that traced gold back hundreds of years!!
"When we return to the States next week, we'll be attending our 55th class reunion. I'm afraid I might be trying to 'lead a horse to water, and forcing it to drink.' I hope your readers are not doing that. I own both physical metals and every one of your recommended stocks. Others should be doing the same. PS. Colombia is well worth visiting. Discard any of your 'negative' thoughts; it's vibrant, friendly, beautiful." – Paid-up subscriber Frank S.
"Will spend 9 days between Key Largo and Key West salt water fishing for dolphin (Mahi-Mahi), wahoo, grouper, and anything else that jumps on our lines. On the bay side we will go for tarpon and snook. We will party and enjoy life with the 'girls.' As you know, Porter and Steve, the fishing is wonderful in that part of the Atlantic. We will say a prayer for our fallen brothers as both of us were Vietnam combat veteran pilots (USAF)." – Paid-up subscriber Doug Spitler
"So I did what you said the first time I read [The 'Metropolitan Plan' for When the Dollar Collapses]. I took my profits off the table and went back in to make more. I bought hard gold and silver. I own shares of gold outside the country. But I have to say that this is a very big deal. Those that missed [it] need to see it again. They need to know the level of what they are looking at.
"Venezuela is a mess because it is broke. People really need to know what broke is. Currently that is the only example we have. Europe and Japan, hmmmm. But it is for real and very possible here. I have to thank you for sharing that meeting with all of us. Had I been in your shoes I would have reacted the same way. It is nothing short of astounding... Thanks Porter." – Paid-up subscriber Jeff S.
Regards,
Justin Brill
Baltimore, Maryland
May 31, 2016
Books That Aren't About Investing That Every Investor Should Read, Part II
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It's one of the most powerful statements ever made: "None of our most cherished rights are possible without economic freedom..."
Austrian-born economist Friedrich Hayek was the leading 20th-century advocate of "Classical Liberalism."
In his landmark book The Road to Serfdom, Hayek describes a Classical Liberal as someone who believes in civil, religious, and political rights, and the right to self-government by representative democracy.
But most important, a Classical Liberal understands that none of these rights can exist without economic freedom.
Classical Liberalism is a political ideology. All ideologies have pitfalls. "True believers" are rigid in the logic of their ideology, and rigid logic can lead to weird outcomes. Life is not an idea.
(Negative interest rates, for example, are a logical result of central bankers' idea that economic growth comes from the supply of money, not hard work.)
Classical Liberalism, however, comes as close as any ideology can to meriting the description of being just plain good.
Hayek argues for economic freedom by arguing against central planning.
The greatest danger to economic freedom comes from central planning, whether the central planners are dictators in China, bureaucrats in the European Union, or Democrats and Republicans in the White House and Congress.
You can see the threat right in the name of the thing. Central means that the decisions we make about working, spending, saving, investing, and minding our own business (and businesses) won't be made by us. We're scattered all over the place. Those decisions will be made in a central place, such as Washington.
What will the politicians and political appointees in charge of that centralization do? They'll plan how we work, spend, save, invest, and do business.
We'll be told what to do, how to do it, and where the benefits of our labors will go. We'll become our government's serfs.
One argument that politicians make in favor of central planning is that we face a lot of problems and government is the biggest and most effective tool to fix those problems. The trouble with this method of problem-fixing is that politicians have to promise to fix every problem. Just listen to the speeches of any of the candidates this year. Hayek points out the stupidity of this promise:
There is an infinite number of good things, which we all agree are highly desirable as well as possible... That these things cannot all be done at the same time... can be appreciated only by a painful intellectual effort.
Our politicians can be accused of a lot of things, but making a painful intellectual effort is not one of them. We individuals, on the other hand, don't have to think hard to know that Hayek is telling the truth. We can look in our bank accounts.
Another argument in favor of central planning is technocratic. Government will get things done by putting experts in charge, by delegating centralized power over various aspects of life to the most eminent specialists in each field. Hayek demolishes this notion:
There could hardly be a more unbearable – and more irrational – world than one in which the most eminent specialists in each field were allowed to proceed unchecked with the realization of their ideals.
Hayek admits that economic freedom can cause difficulties. He says, "In a competitive society, most things can be had at a price – though it is often a cruelly high price we have to pay."
But the alternative to paying the high price is not getting everything for free, as promised. The alternative is obtaining what we need and want from a political authority issuing "orders and prohibitions which must be obeyed." And says Hayek, "in the last resort" our needs and wants will depend on "the favor of the mighty."
The "mighty" will, of course, claim that they're using their power in the interest of social justice. This means they'll need more power. As Hayek says:
Once government has embarked upon planning for the sake of justice, it cannot refuse responsibility for anybody's fate or position... There will be no economic or social questions that would not be political questions in the sense that their solution will depend exclusively on who wields the coercive power.
Get in line for the federally mandated transgender bathroom.
Government overreach inexorably results in bad government.
... neither good intentions nor efficiency of organization can preserve decency in a system in which personal freedom and individual responsibility are destroyed.
Bad government leads to worse government.
... equality before the law is in conflict, and in fact incompatible, with any activity of the government deliberately aiming at material or substantive equality of different people... distributive justice must lead to destruction of the Rule of Law.
The laws of our country may remain the same under central planning, but the rules and regulations will proliferate – even more than they have already. Instead of a nation obeying "the rule of law" we'll live in a nation obeying "the law of rules."
The difference between the two... is the same as that between laying down a Rule of the Road, as in the Highway Code, and ordering people where to go.
And democracy is no guarantee that we'll avoid tyranny.
... it is not the source but the limitation of power which prevents it from being arbitrary.
The sphere of politics will expand to encompass all of life. The only way anybody will be able to get ahead (or stay afloat) will depend on politics.
Think about how we use the word politics. Are "office politics" ever a good thing? When someone "plays politics" to get a promotion, does he or she deserve it? When we call a colleague "a real politician," is that a compliment?
As Hayek asks, "Who will deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?"
Hayek wrote The Road to Serfdom in the midst of World War II, when the planet was beset by freedom-murdering ideologies – German Nazism, Soviet communism, Italian and Spanish fascism, Japanese imperialism, and English and French colonialism.
Hayek predicted that sooner or later, these would be defeated. But he foresaw that another hazard lay ahead in the supposed "liberalism" of Britain's fervent Labor Party and flaccid Tory opposition, FDR's "New Deal" and the political coalitions that would impose welfare-state "social democracy" on post-war Europe. "Classical Liberalism" would be replaced by "Farcical Liberalism."
Therefore, Hayek dedicated his book "to Socialists of all parties."
Regards,
P.J. O'Rourke
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