Author/Editor
Jim Rickards and Byron King
Publisher
Agora Financial
Description
Newsletter helmed by Jim Rickards and designed to profit from his expectation that gold will go to $10,000 — mostly picks gold and silver mining companies.
Overall Rating
Rating: 2.5/5. From 20 votes.
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2.2
Rating from 115 votes
If you’ve subscribed to Rickards' Gold Speculator, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 35 votes
Rating: 1.9/5. From 35 votes.
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Quality Of Writing/Analysis
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Rating: 2.7/5. From 28 votes.
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Value For Price
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Rating: 1.7/5. From 32 votes.
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Rating: 2.5/5. From 20 votes.
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Jim Rickard’s has high level information and great brain power…enjoying his work !
A fraudster! If I had never heard of Jim Rickards…My net worth would be $40,000 larger. I lost money on EVERY recommendation. JB
@jerryboyd: When did you begin following his advice and for how many months did you remain invested?
In how many different stocks did you invest?
He wants 500.00 each year for bad info.
1 year. Over 20 mining stocks, still waiting for something to spike !!!!
They are in the business of publishing newsletters. Stock picking is not their forte.
Be prepared for an onslaught of mail and emails telling about all their other services once you sign up.
I purchased Jim Rickards’ and Byron King’s gold speculator subscription in the summer of 2016 for almost $1,800. Currently, I am 33% down on my investment. I am very disappointed, to say the least.
Same situation with me. I subscribed to Gold Speculator for one year and found most of the stock picks to go nowhere or down. I wasn’t going to pay another $1,750 or thereabouts for another year’s worth of speculations with the constant promise that these could be great winners if such and such happens. That such and such happening could take another 3 – 5 years and I’m out $10k by then during the wait.
Only for speculators. So far the investment results are dismal.
However, if the gold price ever takes off, this could be a spectacular performer. If not, be prepared to lose a lot of money.
Rickards is hot and he is trying to milk this for all its worth.
Recent weak performance appears to be a result of lackluster demand for gold and silver.
What one needs to keep in mind with all the different high priced newsletters published under Jim Richards name is that these are not his picks but the person he hires as ‘editor’ of each one. His Gold Speculator is run by Byron King who had two past letters (Outstanding Investments + another high priced gold letter I can’t say the name of). I lost significant $$ on both and both letters are now defunct, which should tell you something! King’s picks will take off, eventually, when the tide comes in and lifts all the ‘ships’. That’s why I didn’t buy into RGS when he came out with it.
I do get his Strategic Intelligence for the worldview of what’s going and what the elites are up to, the investment advice in it isn’t worth much. I did bite on his very first high priced letter, lost $ on that one too. Learned my lesson and now ignore the hype he comes up with every month to sell his high priced letters. There’s always some near ‘event’ that you could make big bucks on if only you knew his special reco. The events come & go, nothing says might happen does.
Have you seen his new pitch? He says that on July 1st the elites will replace the dollar with a new SDR blockchain currency. Does anyone know what investment he’s talking about (besides gold, of course)?
DAI is the most likely candidate for that. They have said in the past that they will eventually segue from a $1 price target to a 1 SDR price target. I don’t think its possible the elites are deeply in on it yet, as there simply isn’t enough float for that to be true.
I lost 30% on this during my subscription from July 2016 to July 2017. When I did not renew the price kept coming down. Finally I was offered a free year if I would give my results to the TradeStops folks. I did this inJUly 2017 and as yet have not seen any free issues. It looks like now gold may be going to rise in price, and if so these junior gold mines should do well. It looks to me like a couple may be quite good, eventually, and several others are total dogs. The newsletter is well written and I don’t doubt the Harvard-trained geologist has been diligent.
Unfortunately, after subscribing to Richards’ and Byron York’s Gold newsletter, I actually followed their advice. I am now down about 33% over the last eighteen months. I’ve actually picked better gold mining stocks on my own. Their picks on the likelihood of one event or another as a catalyst for a spike in gold prices over the past year and half has been dismal. I’m not impressed. I’ve found that their picks consistently foment a kind of buying frenzy among their subscribers which results in paying a premium for the stocks they promote. Shortly after the frenzy, say, a week or two, the junior gold mining stocks they pick almost invariably fall, often times, quite dramatically.
Still waiting for the rising tide to lift gold’s boat, but I agree with Jim’s thesis. I’d love to have the $10K an ounce that he hypothesizes, but I’m not holding my breath waiting for it. I think a decent rise in price is inevitable given our country’s financial situation. Right now his picks are mostly terrible, but if a couple of them make it big, who’s going to worry about those other stocks that cost less than a dollar a share? Unless you bet the rent money, and hopefully none of us are that stupid!
Writing is very good. Both Rickards and King graduated from big time law schools, they have been trained to write convincingly. Rickards will pontificate on the Macro environment, King makes the picks. It is unclear what influence Rickards has over the picks.
I do find the Rickards missives to be interesting, but his big ego is often hard to take. I do respect Byron King, during the panic times of the financial crisis he was the only newsletter writer that came out and said (I’m paraphrasing) look, if things are making you nervous and you can’t sleep at night, get out and wait it out. Not that it was ever an official recommendation and the portfolios he overlooked performed dismally, but at least in his color commentary he was straight with his reader.
I have been a subscriber since inception. The initial emphasis was to view the model portfolio as a basket of stocks. That is a percentage of funds allocated to the ‘basket’ along with a buy up to entry price. This is not a unique approach, but is one I have considered implementing and this was an opprotunity to try it. The downside is that I am not cherry picking the recommendations and I am not doing my own DD. I have pretty much stayed with the program – occassionally going off script – i.e. taking some profits and re-entering a few weeks/months later or bailing on a looser if I see a negative news item (not waiting for the sell recomendation).
Most (all?) of the stocks are small cap, thinly traded, or over the counter. You either have to act on the recommendation the second it hits your mailbox or wait until the post recommendation spike comes back to earth before entering. The other way I have gone off script is to over subscribe in anticipation of the wave of buy orderes and then sell enough to become balanced while the buying bing is going on. Problem for me is that the overall amount that I have allocated to use in the “basket” is not a large number – it is my 5% of investible money for speculation and this IS a speculator service. The trading costs eat up most of the gain, reducing it to literally pocket change.
There have been some winners, but not enough to counter the unrealized losses. Over all I’m about 30% in the red. Sooner or later a couple of the stocks in the basket will take off and cancel out the rest of the losers and maybe make the overall exercise profitable and along the way there will be a lot of white knuckle monents. That is what speculation is all about.
You need a lot of patience with this service.
Part of the Baltimore News Letter Industry. Every so often they rearrange the actors and deck chairs in an attempt to erase their old track records.