Author/Editor
Eric Muschinski
Publisher
Phenom Ventures
Description
Overall Rating
Rating: 3.8/5. From 70 votes.
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3.7
Rating from 290 votes
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Investment Performance
Rating from 73 votes
Rating: 3.8/5. From 73 votes.
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- 5 Stars 36 Votes
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Quality Of Writing/Analysis
Rating from 73 votes
Rating: 3.6/5. From 73 votes.
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Value For Price
Rating from 74 votes
Rating: 3.7/5. From 74 votes.
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- 5 Stars 37 Votes
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Customer Service
Rating from 70 votes
Rating: 3.8/5. From 70 votes.
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I think this is a great newsletter i have made a good amount of money so far
I made enough money on free list recommendations to justify the premium subscription, and that opened additional opportunities. Not all recommendations work out, of course, and subscribers need to adjust for the author’s over-optimism and the fact that he can afford to risk more money than they probably can.
I don’t usually invest in Penny stocks because I don’t have enough Vegas money for that but Eric gives you some great insights into the commodities markets. I trade gold etfs and have done well trading them, especially the triple leveraged gold etfs.
I worry about a newsletter that pumps stocks they have vested interest in growing. You can see the author gets paid for “awareness campaigns” from various mining companies. He receives $150,000 in options for these awareness campaigns so there is a very real risk of bias. For example – https://www.gigametals.com/site/assets/files/4963/giga_dec_3_2019.pdf & https://webfiles.thecse.com/sedar_filings/00000140/1906100842573857.pdf
I agree this is a problem, although the case mentioned is an extreme case – most of his sponsor companies pay vastly less, and most importantly, most companies he covers don’t pay anything. He would be better off not accepting any sponsorship, after all, he already has plenty of money, and credibility is priceless. That said, GIL is a good source of ideas for the investor to screen based on his/her own strategy.
Eric gives great insight into the metals market. He has some great pics and I for one have made money with them.
I have been a subscriber (Premium) for about a year and a half but have followed for quite a few years. Although the amount of content could have been more consistent during the last I truly value Eric’s look at the market whether it be mining or Crypto. I also believe that I have become a smarter investor by taking a different approach on how I get in and out of stocks. Thanks Eric! Lets have a great 2022!!!
Eric knows what he is doing. He has been around the block and he has leaned his stuff!
I have done well with Eric. His communication is real and candid – not scheduled monthly looking for something to say. He sends out when there is something to say. He keeps it real.
Incredibly happy with GIL.
I subscribed to the Premium level following a couple of years on the Free level, and have not once regretted. Eric provides a wealth of information, and recommendations (with a mostly very positive track record). I would absolutely not hesitate joining any level of GIL.
I regret following Eric. Here’s why:
– He very heavily hyped a stock, Bravada, then just went silent on it. Months later, after receiving lots of questions, his actual answer was, “what can I tell you?” He then gave the gist he was long since over it. He then chastises anyone focusing on the past or who has put too much in one stock. It’s an utter disregard for people who followed past advice, not current advice, even though he never bothered to update the mere “premium tier” members.
– Bravada certainly wasn’t the only stock he did this on.
– He used to have a model portfolio to reference, which was helpful in actually tracking his suggestions against and referring to for one’s portfolio… then he just stopped updating. Worse, he made several solid promises to update it and then just dropped it. No explanation. It just doesn’t seem to interest him anymore.
– His videos are generally void of practical, actionable information, and just long, hard-to-follow rants or rambles about his personal problems, the perils of vaccines, or hype about what people who’ve listened to him (I guess longer-term members than I) have made. The thing about windbags is they think their freestyle rambles are enlightening to others.
Honestly, he doesn’t seem sleazy, and I have nothing against Eric personally. If I hadn’t lost over $50k on his advice, I might even be more amenable to his droning pontifications. But he’s utterly failed to respect being a professional in providing the service he was paid for and seems disdainful to the “haters” who get upset.
I hope this helps if you’re considering giving him money. I’ll be happy to revise this review if he changes.
i have made over $100,000 from GIL being a premium member. Well worth the yearly subscription.
Eric provides specific lessons learned/psychological bias for success in the world of market speculation.
Trade/position size management , in the fear/greed mindset, have improved my bottom line results…
Making $$$ since 2016, made.good money on sona, nfg, bitcoin , uni & sand.
Overall good advice. Not happy that the crypto analysis was so expensive. Would appreciate text up dates rather than video. Why not invest in a speech converter program and give us a choice of which one to open. Best Regards,
I’ve been a GIL subscriber for 10 years now, going back to 2012. Through up and down cycles Eric has continued to bring profitable ideas and deal flow to his subscribers. If you are looking for a big newsletter outfit with a fancy customer service department and nice graphics to go along with their regularly scheduled newsletters, you need to look elsewhere. If you appreciate Eric’s honest and candid opinion on the markets, profitable investment ideas, lucrative private placement deal flow, and a small community (must be Elite member to participate) of like-minded investors sharing ideas….you are in the right place.
P.S. Regardless of being called the Gold Investment Letter, Eric has been pounding the table to get his subscribers to own some BTC, ETH and crypto and those who followed his strong encouragement have been richly rewarded for doing so.
Classic pyramid scheme.
Elite investors are notified of a “push” by Eric and they buy at a great price
Eric sends a note to the premium subscribers who buy and drive the price up
The Elites sell their shares
Notification is sent out to free subscribers , they buy
Email goes out to premium subscribers telling them to sell, but not until Eric is sure they Elites have cleaned up
If you’re skeptical ask subscribers to GIL about Bravada and now Phenom then ask Eric where the model portfolio is.