Owning gold isn’t the way we plan on becoming wealthy; it’s a hedge against mismanagement of the fiat monetary system. It’s a foundational holding for the turmoil that will come sooner or later. Temporary price dips in gold shouldn’t matter because you’re preparing for the current market cycle to end.
While the world is distracted by the daily micro-developments of the trade war, nobody seems to notice that Chinese President Xi Jinping is getting the People’s Liberation Army “combat ready,” and says his troops need to be as “powerful as tigers.” If you think the tariff escalation is scary, that’s nothing compared to the military escalation that’s taking place right now.
And so, I will continue to keep my gold stored in a secure location regardless of the price this week, next week, or the week after that. Consider it a form of insurance in a time when the dollar, stocks, and bonds are all peaking simultaneously – something’s got to give.
Most retail investors have no clue about any of this, but market insiders know and they’re preparing for the worst-case scenario. Fed emergency intervention is keeping the machine running for the moment, but the smart money has been dumping shares at its fastest pace in 20 years:
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By mid-September, Wall Street insiders had sold off $19 billion worth of stock shares; that figure will reach $26 billion by the year’s end. We saw this same insider-selling behavior right before the bursting of the dot-com bubble in 2000 – and as usual, retail investors ended up holding the bag on that one.
It’s entirely up to you whether you wind up holding the bag this time. People who are already invested need for you to buy the S&P 500; otherwise the price can’t go up further and they can’t profit off you. But if you buy now, you’ll be ignoring reality:
- Third-quarter 2019 S&P company earnings just posted their first year-over-year decline since 2016.
- Fourth-quarter S&P earnings are also expected to post a decline, specifically a -0.5% drop in EPS.
- Value stocks are much cheaper than momentum stocks – a phenomenon witnessed in 2008.
- Analysts have had to keep revising S&P earnings estimates lower and lower; otherwise, the earnings recession would be much too evident.
This doesn’t mean that I’m avoiding S&P 500 or Dow Jones stocks entirely; I’m just a very selective stock picker, and this has worked out extremely well for us. For the latest example of this, take a look at the price of Walgreens (WBA) stock now: I profiled it at $51 (during the summer when everyone was freaking out), and now at $62 it’s one of the Dow’s top recent performers.
Picking winners means embracing this irrational market, not hating it. But it also means having your financial shelter ready for the time when it all comes to an end – no need to be scared, when you can just be prepared.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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