Are silver prices about to skyrocket? Is the world on the verge of economic collapse? Are mints running out of gold reserves? I thought the news was supposed to slow down over the summer, but apparently not.
It’s been busy here at Profit Confidential. Settle into to your favorite easy chair, pour yourself some cool iced tea, and enjoy these top stories from the previous week.
“When you compare the physical abundance of silver and gold reserves, an astonishing truth emerges: even by historical standards, silver is underpriced. The physical relationship between the two commodities is 17:1! Holding gold prices steady at $1,084, the natural conversion rate suggests silver’s intrinsic value is closer to $64.00 an ounce.” Read More
How safe is your portfolio from a stock market crash? In a special investor presentation, Profit Confidential founder Michael Lombardi outlines exactly what the next financial crisis will look like as well as how to protect your savings. Read More
“Once again, Wall Street has convinced itself there is nowhere to go but up. When they realize how hollow the recovery has been, panic will ensue. It will be a stock market crash the likes of which we can scarcely imagined, and hard assets like gold will be the only place left to hide.” Read More
“Unfortunately, most are penny stocks because they have shaky operations, no money, and no future. Read their press releases and you might be forgiven for thinking you’ve stumbled on an unjustly-overlooked penny stock that is going to soar! Fortunately, there are a small number of penny stocks out there with great long-term growth potential that some analysts follow.” Read More
“The way I look at it, gold has had a solid run to the upside. Over the past 15 years, it has outperformed most asset classes. As I said at the beginning of this article, lower gold prices today are good news for me because they enable me to buy more gold-related investments at what I consider to be increasingly bargain basement prices.” Read More
“Since 1900, the gold to silver ratio has averaged between 47 and 50. Historically speaking, the natural equilibrium between gold and silver prices has hovered in the range of 1:16. If the ratio were to return back to its historical average, we would see silver prices around $64.00 per ounce.” Read More
“During an interview with Bloomberg news, the Treasurer of Perth Mint, Australia’s official bullion mint, Nigel Moffatt said, “Our biggest restriction is the amount of unrefined gold we’re getting in from producers.” He added further, “everything we get in is going straight out the door as soon as we refine it.” Read More
“What the liberal pundits can’t seem to get through their heads is that Americans are tired of their elitist politics that have become detached from reality. As they sit there tonight, smugly sipping on their craft beers as Trump spews forth the truth, most will ignore the message.” Read More