“Will your assets be forced into … the New Obama IRA?”
[cue spooky music, please!]
“If you think your 401(k) statement looks bad now, just wait… Your retirement funds could soon be devastated at the hands of a new government initiative to “save” your retirement.
“Still, you can avoid this coming disaster and protect your assets… all while cashing in on potential blockbuster returns of 50-to-1 or more.
“It’s what Greg McCoach calls “one of the most compelling gold finds of the last 14 years.” But you must act now – before the damage is done…”
That’s one of the intros to Greg McCoach’s latest ad for his Insider Alert newsletter, the “upgrade” version of his services that includes access to the microcap mining stocks that he actually buys. The newsletter will cost you about $2K a year … but perhaps he’s got a hot little teaser stock to share with us that we can sniff out for free?
Well, he does tease one — but I have to warn you, this is one of those rare times when I’m not at all certain what the answer is, though I’ll supply a “best guess.”
The “Obama IRA” spiel is a nice hyperactive rant — he goes on about
It’s not all that different from the last time I wrote about this Insider Alert newsletter — back then, McCoach seized on some FDIC reports to tell us that banks would be falling like dominos, and that the rush would be on for silver, pushing up shares of his favorite speculative silver miner.
Of course, it turned out that he was mostly right about the banks collapsing — and mildly wrong about silver, and super-wrong about the silver mining stock he was touting. At least, so far. The last time I wrote about this miner for one of his ads (the company was Canadian Zinc, by the way), silver was close to $17 and the stock was around 65 cents. Now silver, after a big run up recently, is right around $14 … and Canadian Zinc is at about 15 cents.
So just keep in mind that he may or may not be right about any of this — and as with all well-written teases that lead you down a path, the fact that he might be right about part of a scenario doesn’t mean that his predicted outcome is necessarily more likely (ie, the FDIC may be under huge stress as it’s called in to rescue big banks, but that doesn’t necessariiy mean silver goes back to $50 an ounce). That’s not a criticism that’s unique to Greg McCoach or to little mining stocks, of course, but this seemed like a good time to mention it anyway.
So what are we told here?
The big picture scenario is this:
“How a 76-Year-Old Executive Order is Suddenly Your Biggest Financial Threat
“I realize what I’m saying may be controversial…
“But what follows is a news story you’re very likely to see within the next eight months.”
[He then basically inserts a cribbed version of FDR’s executive order on the confiscation of privately held gold, replacing the word “gold” with “retirement assets” … I won’t copy the whole thing here]
“Does that “news story” sound like something from a far-fetched movie based in the future? Something so ridiculous there’s no way it could ever happen in the good ole U.S. of A. that you know and love?
“Here’s the thing:
“It already happened – back in 1933 when Franklin Roosevelt signed Executive Order 6102, effectively outlawing the ownership of gold by private citizens.Are you getting our free Daily Update
"reveal" emails? If not,
just click here...
“In fact, much of the text from the “story” above was lifted directly from