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I’m writing you today for two very important reasons.
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The first is a warning.
You see, I’ve spent 36 years in this business, watching the markets on a daily basis, consulting with some of the world’s most insightful analysts and witnessing some of the most tumultuous markets in history.
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And I don’t know that I’ve ever seen a set-up as worrisome as what lies directly ahead.
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After decades of ever-easier monetary policies, and essentially 13 years of zeroed interest rates, we’ve seen debt — government, corporate and private — soar to mind-boggling levels.
This is why rates hikes of any significant degree are simply impossible: The costs to service this mountain of debt would overwhelm any other spending.
But there’s another, more-immediate factor. And this one will hit the Fed like a figurative sledgehammer.
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The stock market simply won’t allow it.
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Consider that after decades of pumping up stocks and real estate via oceans of monetary liquidity, those markets are teetering at record valuations by virtually every measure.
Forget the old adage that “the stock market isn’t the economy.” Today, with such wide-spread ownership and record levels, the stock market is the U.S. economy.
Remember the stock-market “taper tantrums” the last time the Fed tried to roll back its asset purchases? The Fed can’t afford to have even a single such tantrum today.
And what about rate hikes? The last time the Fed tried that, the markets wouldn’t allow the central bank to raise rates more than a quarter-point a year. And then they had to turn back from raising rates far short of their modest goals.
(Also remember, as I’ve been reminding you, that gold took off precisely when the Fed posted its first rate hike in December of 2015.)
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Running Full-Speed Into A Brick Wall
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Now, with all of this as a backdrop, consider that Congress and the Biden administration are about to push through trillions upon trillions in additional deficit spending…
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…Forcing the Treasury to issue trillions in additional paper…
…Just as the Fed is about to attempt to taper its purchases of Treasury securities.
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So again, any significant degree of monetary tightening at this point is simply impossible.
The Fed seems completely oblivious to these facts. You never see them address the simple arithmetic that creates an insurmountable barrier to their plans. They seem to be running ahead, blind-folded, with a brick wall directly ahead of them.
A big issue in all of this, perhaps the biggest issue, is that the Fed can’t be that stupid. What they’re doing is conducting a massive PR campaign designed to keep the markets calm.
You don’t see any of this mentioned on CNBC or most other financial media.
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The investing public is running along with the Fed into that brick wall.
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Or most of the investing public. A few will not only be aware…but well-prepared for what lies ahead.
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Now, here’s the second reason I’m writing you today…
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As I said, this may be the most dramatic investing set-up that I’ve ever seen in all my years in the markets.
It’s not just that the Fed and most investors are running head-long into the fire, it’s also that most don’t even see the flames.
By the very fact that you’re reading this issue of Golden Opportunities, I’m confident you see the danger in front of us, and the turmoil we’ll have to navigate.
That’s why I’m so excited about this year’s New Orleans Conference, being held in just a few days now, from October 19-22. And it’s why I recruited a “dream team” faculty for this grand event, including…
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| Dr. Ron Paul, James Grant, Jim Rickards, Danielle DiMartino Booth, Jim Iuorio, Doug Casey, Rick Rule, Peter Schiff, Dave Collum, Grant Williams, Dominic Frisby, Tavi Costa, Lawrence Lepard, George Gammon…
…Brent Johnson, Peter Boockvar, Mark Skousen, The Real Estate Guys (Robert Helms and Russell Gray), Adrian Day, Gwen Preston, Adam Taggart and dozens more. |
And of course, I’m going to be there as well…expanding on the points I made above, and revealing my top mining stock picks for the year ahead.
The bottom line is that time is growing short.
In fact, time is so short that many of you simply can’t make travel plans to be here in New Orleans, or travel restrictions make it impossible.
Don’t worry — we’ve got you covered.
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The World’s Greatest Virtual Investment Event
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Because of the pandemic, last year’s New Orleans Conference was entirely on-line.
There are advantages and disadvantages to a virtual format. While networking is very difficult, for example, one advantage is that you can watch all the proceedings at your leisure, without the hassles of travel.
Last year we proved that we could produce a blockbuster virtual event. In fact, investors around the world told us it was the most valuable virtual event they attended.
This year, of course, we’re producing the New Orleans Conference in both formats — a live, in-person event that’s also going to be beamed out to investors around the world.
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You can participate in either one…and have full, on-demand access to recordings of all of the presentations from dozens of today’s top experts…and for a price that’s hundreds of dollars less than others will pay to attend.
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Fair warning: The registration fees for New Orleans 2021 — virtual or in-person — will be rising in just a few days.
I urge you to CLICK HERE to get all the details and lock in your place while you still can.
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