Here’s a lead-in that really gets to straight to the point, in the latest ad from Stansberry’s “value guy” Dan Ferris:
“I’ve found a $13 gold stock that every Stansberry reader should buy today.
“Not next week. Or next month.
“Before it moves out of buy range. (It’s very close.)”
And, of course, the details of that stock are… just a subscription payment away. They’re currently peddling Extreme Value for $1,200 in the first year, renewing at $1,500 in future years (and as we see so often with higher-priced letters these days, they will not offer a “trial period” or any refunds).
The promise is similar to Ferris’ last gold pitch, which was the tease he made that we should all buy Sprott (SII.TO, SPOXF), repeated a few times over the past year and a half… that this is a safer way to “ride the gold bull market.”
And, well, we’re finally seeing a day where gold takes a meaningful fall in price, so now seems a good time to cover it and see if we can ID that “Rare $13 Gold Stock” for you. Here’s some more from the ad:
“It’s not a miner… explorer… or developer… but this SINGLE rare gold stock could safely make you a fortune long-term during this gold bull market….
“This gold stock trades on the NYSE. And, in just a minute, I’ll show you how to get its ticker symbol — so you can buy it right away.
“Because this is the safest way to cash in on all of the upside of this new gold bull market — WITHOUT any of the risk normally associated with traditional gold stocks.”
Is there a bull market coming? Well, no one knows for sure and there have been plenty of “head fakes” in the past, but Ferris argues that the odds are pretty good:
“Several catalysts that have recently taken place which, historically, have been clear signals for higher gold prices….”
Among those are that “yield curve inversion” that we’ve seen take place recently…
“… on average… the price of gold essentially doubles within a year of the yield inversion.
“That would put gold around $2,500/oz. by May 2020.
“Now again, I’m not saying that’s what WILL happen — but if history repeats, that’s what is likely to happen.”
And the likely rate cuts:
“Fed officials are lowering rates. And it never stops at just one cut.
“If you recall back to the days of the financial crisis… this may be disastrous for the economy and stocks… but it tends to be a positive signal for gold.
“In fact, every time the Fed has cut rates in the past 50 years, it sent most stocks plummeting… while gold absolutely soared.”Are you getting our free Daily Update
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As well as the looming spectre of “maybe the stock market will collapse”….
“How much longer can this bull market realistically go on?
“It’s anybody’s guess at this point.
“But it will come to an end at some point — sooner, rather than later.
“And what do you want to own when the market corrects 50% or more?
I’ve noticed that what you really want to do is own gold after the market goes down, that’s when it has gone most bonkers… but no one knows quite when the broader market will go down, or stop going down, and there is, of course, no real science to this — the gold price is all twirled up in the spaghetti mess that is global investor psychology, smothered in a sauce of competitive currency devaluation and trade wars.
The point being, really, that Ferris says a rising gold price would be really good for his $13 gold royalty stock:
“Remember: If gold soars to $7,500/oz. or higher, this gold royalty stock could turn into a 20-bagger over the long term.”
Most of you who’ve been aboard the good ship Gumshoe for a while know that I’m a sucker for a royalty — they appeal to the lazy man in me, I love buying something once and getting paid back over and over… but if you’re unfamiliar, here’s how Ferris touts the idea:
“I’m talking about a little-known kind of gold opportunity called a royalty company.
“Royalties date back to the middle ages. In Great Britai