In this video/audio version of one of Chris’ most popular (and at times, caustic) Special Reports in recent years, he again holds forth on how investors MUST approach the precious metals sector; one that has left even more damage in investors’ portfolios over the years than profits. Once again in 2024, he begins, gold had a great year, with silver a respectably close second. Yet most investors in precious metals continued to underperform even the metals. Going forward, Chris says, the sector–including precious metals-related equities–will have better days. BUT, he points out, investors must look at gold, silver and related investments clinically: WITHOUT preconceived notions and the veritable blind “religion” some preach, and with sound advice from legitimate experts on the space (as opposed to the carnival huckster / Pied Piper types incessantly trying to “scare” you into certain kinds of investments based on warnings of “Biden Bucks”, dollar collapse and similar nonsense.) To help that cause, Chris gives a history lesson on gold and its behavior in markets since it became a free trading asset back in 1971. During this last half century-plus, gold has had a few different “eras”: — The initial burst higher in the 1970’s thanks to the Nixon-Burns tag-team dollar debauching. This ultimately saw gold soar from $35/ounce to a brief, manic peak around $875/ounce. — Two decades “in the wilderness” during the 1980’s-1990’s, during which at times gold’s price was indeed “managed” in much the same manner as the DeBeers cartel managed diamond prices. — The pivotal event in 1999 that changed the attitude of markets once more in favor of gold, and set the stage for the more than 10-fold price rise for the yellow metal since. — The fickle nature of investors to the precious metals space, an important element to understand especially when it concerns the underperformance of mining-related equities versus the metals prices themselves of recent years. — WHAT factors, according to Chris, will bring generalist investors back to precious metals, a la the huge moves that peaked way back in 2011 for precious metals-related equities particularly. Chris also takes a quick lap through the main ways investors can and SHOULD invest in precious metals…and importantly gives some warnings of the kinds of SCAMS to AVOID: — How to buy (and not) physical gold and silver. — Why you should avoid THE BIGGEST SCAM OUT THERE: “Gold IRA’s” — ETFs as proxies for either gold or exploration/mining equities — How to research individual companies TODAY; and identify ones that GENERALIST investors will warm up to! As always, pass along your questions and comments on this episode to [email protected]
