Peak Oil – Exploration Shortages

Renewed Oil Exploration Coming Up Short

By Chris Gilpin

Casey Energy Division

Casey Energy Speculator

Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year – with a glaring lack of results.

While more investment dollars have been flowing into oil exploration, less oil has been flowing out of the ground. The zones being accessed by developmental wells are third-tier producers, so the new drilling has failed to offset the depletion of America’s aging oil fields.

The realization is setting in that the United States has already discovered all the big pools of easy-to-access oil within its borders. The best parts of the turkey have been eaten, and now we’re trying to make the leftovers last as long as possible. There may be a few prizes left on the outer continental shelf, but these will be difficult to discover and expensive to exploit.

Last week the White House admitted that complacency by previous governments has let the problem get worse. When asked about Alaska and the continental shelf, Edward Lazear, chairman of the White House Council of Economic Advisers said: “We could have been thinking about all of this 10 or 15 years ago when it comes to alternatives or new exploration, and we weren’t.” Today’s efforts, he implies, are too little, too late.

Lazear gave some other telling insights into the way the current administration assesses the U.S. oil situation. According to the White House’s research, global oil demand isn’t going to fade, as so many pundits have speculated, even if there is an economic slowdown in the U.S.

Instead, growth in oil demand “is here to stay and will be around for a very long time to come, until we find significant ways to conserve.” Notice the resignation implicit in this statement. There’s no attention to boosting supply; rather, the only hope for price relief is to dampen demand.

Oil shale, despite all the hype, won’t be the magic bullet. Currently, U.S. oil shale is producing only a few thousand barrels a year from test projects, and ramping up from there faces enormous economic and environmental hurdles. It’s difficult to see how the Green River formation can be turned into the next Texas without putting a huge strain on the Colorado River, a major lifeline of water supply to America’s southwestern states.

The Argonne National Laboratory estimates that 1 million barrels per day of new oil production from oil shale would consume up to 300,000 acre-feet of water per year. It would also require 1.2 gigawatts of electricity, the equivalent of 10 new power plants, plus five new coal mines to feed them. Eventually, high oil prices will drive the development of oil shale forward, but it will take decades, not years, to figure out the logistics of drawing oil from stone on an economical, mass production scale.

But what about ethanol? E85, a blend of 85% ethanol and 15% gasoline, might buffer the impact of oil prices a little, no matter where global oil demand takes us. The White House has been a stout supporter of ethanol, mandating that fuel producers supply at least 36 billion gallons of renewable fuel in the year 2022.

“The new variable is alternative fuels,” Mr. Lazear says. “It will take seven to ten years to know whether it will really pan out.” That doesn’t sound particularly upbeat, but it is realistic. Even the current administration realizes that for the foreseeable future, the benefits of ethanol are marginal at best. Ethanol is a long shot, they say, so keep your fingers crossed.

And if you think this is the isolated opinion of one White House staffer, listen to what’s coming out of the U.S. Department of Energy. Just last week, Assistant Energy Secretary Alexander Karsner said that “[t]he places where oil can be found and extracted and brought to bear in the world are decreasing. It will get harder, and demand will outstrip supply for probably the rest of my lifetime.”

You could view these dismal evaluations as disheartening, or you could find it reassuring to know there are a few minds in government that grasp the severity of the global energy crisis. At least they’ve acknowledged that no new, magical source of supply will spring up to halt the dynamics driving oil prices higher.

How long will it be before we hear the phrase ‘Peak Oil’ invoked by a U.S. President to emphasize the need for energy independence? The sooner it happens, the better. After all, the first step toward solving any problem is overcoming denial.

Chris Gilpin is a senior editor of the Casey Energy Speculator (CES), a monthly newsletter dedicated to uncovering deeply undervalued investment opportunities in oil, natural gas, uranium and alternative energy. The CES specializes in the unbiased investigation of small-cap energy companies with the very real potential for 100% or better returns over a short time horizon.

You can sign up today for a full-year subscription for just $179 (a 28% savings off our retail rate). Then take an unhurried three months to decide whether the Casey Energy Speculator is right for you… if not, cancel for a no-questions-asked refund of every penny you paid. Click now to learn more.

Gary North Says “Sell Gold”

So Is Now The Time to Buy Gold or Sell It?

Dr. Gary North is an Austrian Economist, and student of the great Ludwig Von Mises.

Gary North claims a perfect timing call when 2 weeks ago he suggested selling Gold (although keep your core holdings of physical Gold). His argument is that the Fed is actually contracting the money supply, which is deflationary, and that leads to lower Gold prices.

The Gold “Bubble” is popped

Dr. North further postulates that Gold was the one last bubble that Helo Ben had to pop, and pop it he did. North is suggesting that for every $50 drop in the price of Gold, you sell more.

Now I’m not here to give investment advice, let me make that clear up front.

And maybe Gary will turn out to be the genius here. But I’m not betting on it. Personally, I don’t think a 10% drop, in a HIGHLY MANIPULATED MARKET, with a quick 5% rebound, constitutes a bubble pop. In fact, I don’t think Gold – or Silver for that matter – are in anything even close to a bubble.

In point of fact, I would rather be BUYING every $50 down that the price of Gold goes, not selling.

When it comes to Gold stocks, Dr. North doesn’t want any part of them. That’s fine for him, he already has his fortune made and is of retirement age. And yes, Gold stocks are volatile. And in my experience, they can go down much faster than they go up. But physical Gold is really only for wealth preservation, not creation. The leverage of Gold stocks can, if you pick the right ones at the right times, create wealth.

That’s an important point so let me restate it. The RIGHT STOCKS at the RIGHT TIME.

Don’t expect to do that all on you’re little lonesome. Get help from those who know the business the best and actually travel the world putting their boots on the ground in some very out of the way places.

For a little less volatility, try a Risk Free Subscription to Big Gold.

For a bigger potential upside, with associated bigger volatility, try a Risk Free Subscription to International Speculator.

Both of these are from the experts at Casey Research, including the legendary Doug Casey himself.

Jim Rogers says “Abolish the Fed”

Jim Rogers agrees with Ron Paul: “Abolish the Fed”

Jim Rogers, legendary investor extraordinaire, not only says we will have a recession anyway in spite of the Federal Reserve’s huge rate cut and buying garbage mortgages from troubled banks, but that they are doing more harm to America’s 300 million citizens than good.

Ron Paul said it in the video I posted the other day, Jim Rogers is saying it too. It may seem helpful in the short run, but dollar weakness and inflation will result in the long run.

Recessions are a healthy way to eliminate excesses, trying to prevent one will just make it more painful in the end.

See the video here.

Interestingly enough, Jim Rogers recommends in the video some of the very same ways of profiting in this malaise as Doug Casey of Casey Research.

Do yourself a favor and check out the International Speculator.

Gold is going to the Moon!

Doug Casey: “Gold is Going to the Moon”

An interview with the editors of BIG GOLD, Casey Research

As part of our survey of expectations for gold in 2008, one of our BIG GOLD editors interviewed famous contrarian investor and Casey Research Chairman Doug Casey. Here’s his take on what’s to come.

BIG GOLD: Gold has passed its 1980 nominal high. Why do you think it’s breaking out now?

Doug Casey: The fact that gold has moved above its 1980 high is meaningful only in an academic way; today’s dollar is worth only a fraction of a 1980 dollar. From here on, it’s best to avoid thinking about anything just in terms of dollars. What’s developing now is likely to be the biggest monetary crisis of the past 100 years, potentially the biggest since the U.S. Civil War. This isn’t a prediction, just an appraisal of the tumultuous possibilities that are opening up. Americans are going to have to learn to think more like Argentines: if an Argentine tried to keep track of value in the local peso, he’d be bankrupt in 5 years.

BG: There are those who agree with you about a possible crisis but believe we’ll see deflation instead of inflation, or at least deflation before inflation.

DC: What we’re facing is a monumental monetary crisis that can take one of two forms. It can be deflationary, where billions and billions of dollars are wiped out through bankruptcies and defaults, and the remaining dollars become worth more as a result. Or it can be inflationary, where the world’s central banks keep dollar assets from being wiped out by supporting the issuance of debt — which is what they’re currently doing, by propping up failing banks and homeowners who can’t pay their mortgages. Those are your two alternatives. You can have either one – it’s really a flip of the coin as to which you get.

It’s also possible you can have both at the same time. You could have deflation in some areas of the economy, such as real estate, which is happening now, and inflation in other areas of the economy, where prices are going up, as with food and oil.

I’m of the opinion that government is so big and so powerful now, and the average person – idiotically – relies on it so heavily, that much higher inflation is inevitable. They’re certainly going to do their very best to keep a deflationary collapse from happening, because they all remember what it was like in the U.S. in the 1930s. Yet not too many people think about Germany’s inflationary collapse in the 1920s. It was much more unpleasant.

Inflation is the enemy of the person who works, saves and invests. But it’s the friend of the speculator.

BG: Why do you think gold stocks have lagged while gold has taken off?

DC: Gold stocks are a play on gold. But they’re also stocks. The best environment for them is when both gold and the general market are moving up, and lately the stock market has been problematical. People are going to panic into gold, because it’s cash – money in the most basic form. Gold stocks are not money; they’re speculative vehicles. And despite the strength in gold, the costs and risks of finding and building mines have gone up just as fast in the last couple of years. There’s no necessity for them to move in lockstep with gold itself. That said, I think gold stocks are really going to howl as gold goes into the Mania stage.

BG: The water in the pot is definitely getting hotter. Where do you think gold is going this year?

DC: Gold has been in a bull market since 2001. It’s gone up, on average, about 25% per year compounded, and there’s absolutely no reason the bull market should stop now. On the contrary, there’s every reason to believe that the gold bull market, having gone through its Stealth stage and still being in its Wall of Worry stage, is going to hit the Mania stage. To sell now would be to leave the big money on the table.

My best advice is, be right and sit tight. And that means staying long until you see a golden bull tearing apart the New York Stock Exchange on the front cover of Newsweek magazine, at which point it will be time to sell.

BG: What price do you think gold will hit in 2008?

DC: Strictly gazing through a crystal ball, I think it’s going over $1,200, no problem.

BG: What about the long-term price for gold?

DC: Just to reach its previous high in purchasing power, gold will have to go over $2,500 – probably more like $3,000 after you discount the phoniness in the government’s CPI numbers. But because this crisis is much more serious than the one in the late 1970s and early ‘80s and much more far-ranging, $3,000 is actually a fairly conservative number. I’ll say it again: gold is not just going through the roof, it’s going to the moon.

BG: What advice would you give to readers of Big Gold about how to invest in gold and gold stocks in the coming environment?

DC: The first thing is, you’ve got to have a lot of physical gold in the form of gold coins. Second, make sure a large chunk of those coins is outside the political jurisdiction where you live. If you live in the U.S., they’ve got to be outside the U.S. If you live in Canada, they’ve got to be outside Canada, and so forth. Third, gold stocks are definitely going to howl, so you definitely should have a good position in them.

As important as gold and gold stocks are, though, I suspect we’re going to see foreign exchange controls of some type or description in the years to come. That means if you don’t have assets outside your native country, you’re going to be caught like a lobster in a trap. I think it’s very important to diversify internationally. Buying foreign real estate is one prudent way to do so because, even though there’s been a worldwide property mania, there are still some places where property is very cheap, leaving plenty of upside. In addition, if you pick a locale where you’d like to live, you’ll have a comfortable place to wait things out – which is a serious plus, because I think things in the U.S. are going to get really ugly in the years to come. And most important, the government can’t make you repatriate foreign real estate.

BG: What if I don’t have the ability to buy real estate outside the country I live? I know you can have a foreign bank account and a safe deposit box, but I have to report those, so how does that help me?

DC: You have to report a bank account, but you don’t have to report a safe deposit box.

BG: What if I have over $10,000 of coins in that box?

DC: It doesn’t matter. It’s just like having a million dollars of foreign real estate – not reportable. Of course they can change these arbitrary laws – probably to make them more restrictive and invasive – at any time.

BG: Thanks, Doug, for the practical advice. Anything else you’d like to say to Big Gold readers?

DC: Hold on to your hat; you’re in for the ride of your life.

BIG GOLD is a monthly advisory from Casey Research, one of the nation’s oldest and most respected organizations providing unbiased research on natural resource investments.

BIG GOLD is designed for conservative investors looking for an easy and lower-risk way to participate in gold markets through producing and near-production precious metals companies, ETFs and mutual funds you can buy and sell through your favorite discount broker.

To learn how you can play the gold bull market without taking excessive risk, learn more about BIG GOLD and its unhesitant 3-month, 100% money-back guarantee by clicking here now.

 

Abolish the Fed? Ron Paul Says So

Is it time to return to the Gold Standard?

Dr. Ron Paul is again calling to abolish the Federal Reserve, calling them an illegal and immoral institution. The Fed is supposed to be bringing stable money, but instead they are really involved in price fixing.

Ron Paul points out that the Federal Reserve is not allowed in the Constitution and is therefore illegal. The fact that they literally create money out of nothing makes them nothing more than legalized counterfeiters. If you or I tried to do that we would be slammed in prison so fast it would make the F-22 Raptor look slow by comparison.

The Federal Reserves amounts to a “seductive tax on the middle class” in order to enlarge Government, says Ron Paul.

Find out how you can profit in today’s financial turmoil by Clicking Here.

Time to get on the Silver Train?

Question: Is it a train or a rocket ship?

Ted Butler had a great commentary with guest article by Israel Friedman.

In it he makes the argument that the price of Silver should actually surpass that of Gold. He makes this argument based on the industrial consumption of silver which, combined with the current investment demand, has led to a supply crunch that has even the U.S. Mint backed up.

Perhaps it’s quite appropriate that Casey Research has just released its latest edition of Big Gold with a special emphasis on Silver.

I don’t know if Ted’s right that the price of Silver will surpass the price of Gold, but I do agree that we may not see prices this low for long.

Find out how to profit by checking out Big Gold right now.

This is a train, or maybe a rocket ship, that you don’t want to miss!

Casey Research Global Inflation Survey

Please visit us at our new website, InvestLetters.com

Inflation Is Baked into the Cake

By David Galland and Casey Research

The word “inflation” covers two different concepts, and it’s important to keep them separate. One concept is monetary inflation, which is when the supply of money increases faster than the supply of goods and services. The other concept is price inflation, which is an increase in the overall level of prices for goods and services.

The relationship between the two is the relationship of cause and effect. Monetary inflation causes price inflation. But while almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it. And so they tend to blame the producers of goods and services for higher prices — rather than the money-creating government that is the true culprit.

And make no mistake, as government spending continues on a steep ascent, piling up debt, there is no question that the government has to continue creating money like there’s no tomorrow. This situation is not unique to the U.S. Quite the opposite: the adoption of fiat monetary systems is now universal.

The results of over three decades of unhindered monetary creation are increasingly being felt in a rising tide of price inflation, whether it be the 7.4% increase in producer prices reported by the U.S. in the most recent quarter, or the news just out of China that consumer price inflation now tops 8% and is worsening… or, in the most extreme example, Zimbabwe, where the utter lack of restraint by an insane dictator now burdens that economy with an inflation rate of over 100,000% annually.

The Casey Research Global Inflation Survey

To get a better sense of things, Casey Research recently conducted a survey of the world’s top 30 economies, broken down on a region-by-region basis. The snapshot below offers a glimpse at the big picture.

Global Overview

January 2006- January 2008

(To receive the full 38-page report, click here)

Commodities on the Rise

Most pundits focus on commodities as a central culprit in today’s higher price inflation. Why are commodity prices rising? There are many reasons, most importantly: supply and demand fundamentals, speculation and a weakening U.S. dollar, the “universal currency” in which oil, gold and many other commodities are priced.

Of those factors, supply and demand and speculation are fairly fluid. Which is to say they can vary over time based on politics (a threat to cut off oil sales by Venezuela, a war in the Middle East, legislation favoring biofuel production) or for more technical reasons (power shortages impacting mining in South Africa, or the shutdown of the Gulf of Mexico during a hurricane). This relatively short-term variability largely neutralizes the value of these factors as predictors of future inflation. Simply put: who can know the unknowable?

Instead, we look to longer-term trends. In that regard, two are apparent. The first has to do with the concept of “peak” commodities. While it has been Marion King Hubbert’s theory of Peak Oil that has received the most attention, credible arguments can also be made for peak metal (the dearth of major new discoveries), and even peak food. While these arguments have merit, they were beyond the scope of our survey, other than noting them as potentially rising in significance over time.

The second long-term trend is, in our view, of immediate consequence and worth a more detailed discussion: per above, the limitations and risks inherent in the fiat monetary systems now in universal favor around the world. It is this fiat monetary regime – the attempt to manage monetary policy based on flexible guidelines, and without the anchor previously provided by a gold standard – that we believe is the single most important driver of the rising price inflation now apparent around the world.

Losing Control

Simply, while the central banks of a handful of countries are (just) managing to contain inflation through restrained monetary and fiscal policy, the vast majority are finding the task politically inexpedient and are losing control. While we may point with some well-deserved derision at Mr. Mugabe’s comedic attempts to paper over his inflation with yet more paper, all nations are currently making the same errors, albeit at differing levels of failure.

To understand this point, we share a simple but accurate way of thinking about inflation as the result of too much money chasing too few goods. On that front, the chart just below paints a picture of the largely unfettered global growth in money since the early 1970s plotted against industrial production, a proxy for “goods” in their many varieties.

That chart begins to get under the hood of the problem, but one further view is necessary to understand what happened in the early 1970s that unleashed the tidal wave of money. The chart below presents a ratio of the above two measures, and includes a marker indicating President Nixon’s canceling of the link between the U.S. dollar and gold in 1971 as the likely trigger. Once this anchor was removed, all that remained was a pure fiat monetary system.

While canceling the gold standard was a U.S. policy decision, its impact was felt around the world. That is because of the historic Bretton Woods agreement struck between representatives of over 40 countries in 1944, as World War II came to an end.

Leveraging its position as “last man standing” following the devastating war, the U.S. pushed forward a wide-ranging set of agreements — the net result being that, from that point forward, the U.S. dollar would be the de facto global reserve currency, with all the nations of the world pegging their currencies to the dollar. New institutions, including the International Monetary Fund and the International Bank for Reconstruction and Development, were fathered at Bretton Woods, but they were nothing more than enforcers for the new regime, ensuring that the other countries stayed in line, buying and selling dollars as needed to maintain a stable peg.

For its part, the U.S. guaranteed gold convertibility at $35 “forever.”

But as is inevitable when dealing with governments, “forever” really means “for as long as it is politically expedient.” When it became inconvenient, in the late 1960s when the French under Charles de Gaulle decided that they’d prefer to have the gold, Nixon canceled convertibility.

Once President Nixon canceled that convertibility, which took effect in 1971, the world’s central bankers, left with no other immediately obvious or more viable alternative, continued using the U.S. dollar as a key component of their reserves. It also continued to be used in international trade, to price globally traded commodities, such as oil. Yet the end of gold convertibility represented a fundamental change; from that point forward the creation of U.S. dollars and, by extension, all of the world’s currencies, was restrained by nothing more than political expediency.

It is our contention that the size of the politically motivated governmental spending, spending which has no “hard” limiting factor or defined discipline, will continue apace and, in fact, significantly worsen due to compounding interest on government borrowing and the coming wave of irrevocable social commitments – on Social Security and Medicare in the U.S., for example. Against the backdrop of a global fiat monetary regime, the only limitation to government spending is that which the politicians believe will be politically unacceptable to a population. This is, generally speaking, no real limitation at all, given that the public is now apathetic about, and numb to, the real world implications of large numbers.

Inflation: Baked in the Cake

In light of the cause and effect between monetary inflation and price inflation, and given the clear findings in our Global Inflation Survey, we can only conclude that inflation in both its commonly understood forms is now baked into the proverbial cake.

As investors, that keeps us focused on gold, the world’s longest-serving form of money and an investment we have been profitably beating the drum about since 1999. Importantly, a quick scan now finds that gold is rising against a large number of currencies. This is a very useful view of the current inflation trend in that it demonstrates that the trend has expanded considerably beyond just a weakening U.S. dollar, and is now affecting fiat currencies around the world, almost without exception.

Are we seeing the end of the experiment in fiat monetary systems? It’s too early to say one way or another, but it’s not too late to shift at least some percentage of your portfolio into gold and, for leverage, gold shares.

The above was excerpted from the Casey Research Global Inflation Survey. The full 38-page survey, which includes commentary by Casey Research Chairman Doug Casey and an interview on the inflation/deflation debate with Casey Research Chief Economist Bud Conrad, is available on request. Click here to request your copy now.

Where to Invest When the Banks Fail

Bear Stearns, #5 Investment House, Folds Up

It didn’t take long for rumors to turn into reality. Bear Stearns succumbed to a liquidity crisis, JP Morgan Chase & and the Federal Reserve jump in with buckets of money to bail it out.

Bear Stearns is now up for sale, pennies on the dollar.

I hope you aren’t invested in bank stocks. Quite the opposite, those of us using the investment prowess of Casey Research are invested in an ETF (exchange traded fund) that goes UP in value as the financial stocks go down. And down they have been going.

If you want help navigating the current financial storm, subscribe to International Speculator and learn how to leave the herd and actually make money in the current debacle.

Gold Breaks the $1000 Barrier

Well, it finally happened. Gold broke the $1000 per ounce price barrier intraday, closing above $990 for the first time ever.

Keeping in mind that 7 years ago in 2001 Gold was trading at about $270 per ounce, this is quite a stunning achievement for what was touted then as a “barbarous relic”. For something dug out of the ground that pays no dividends (although you can lease it for profit as the big boys were doing back then) Gold has put in quite performance.

But is that performance over? Is the Gold Bull dead?

Only time will tell for sure, but it seems that the Federal Reserve is perfectly willing to sacrifice the U.S. Dollar on the altar of the economy as clearly shown by the new lows on the Dollar index.

Gold, Silver, Platinum, Palladium and other commodities are the most likely beneficiaries.

How can you profit, you ask? Simple. Try a risk free subscription to Big Gold to find out exactly what to buy and when to sell so that your portfolio can take a ride to the moon too.

Recession, GDP and Inflation

Recession, GDP and Inflation: Conventional Wisdom or Data

By Bud Conrad, Casey Research

 That we are moving into – or already are – in a recession is practically a given. But what will it be: inflationary or deflationary? Casey Research’s Chief Economist Bud Conrad weighs in with his findings…

 The debate is coming to a head over whether we will see inflation or deflation. Will the coming recession bring deflation from the housing-related credit crisis in which many forms of debt are disappearing in default; or will the lack of confidence in the dollar and the government stimulus bring us inflation?

 The consensus of economic opinion is that the recession that is just starting could lower demand and thus bring a lowering of prices. “It’s just like Japan! Credit collapse is like the Depression! Those were deflationary!” say many respected practitioners of the dismal science.

 Some deflation! Crude over $100; wheat hitting $25 a bushel; gold at $970. What is going on? Yes, housing is dropping 7% in price, and the stock market is back and forth going nowhere. So which is it? Inflation or deflation?

 I always say “Let’s look at the data.” I have been looking at previous recessions to see what happened to gold and gold shares in the last two issues of BIG GOLD. Here I just look at the Real Gross Domestic Product, which is the biggest measure of how well our economy is producing wealth, to compare to the inflation level. I use the most quoted government inflation number, the Consumer Price Index (CPI).

  During periods of recession, the GDP was falling – no surprise there, as that is sort of the definition of recession. But look at the inflation. It wasn’t falling during recession, it was higher. In two of the seven recessions someone might argue whether or not it was higher, but it wasn’t noticeably lower. It is amazing how convincing a look at history can be.

 We have been describing the “Rock and a Hard Place” problem for the Fed, in that if they lower interest rates, the dollar collapses and eventually inflation appears; or if they defend the dollar with higher rates, then the economy collapses. This analysis shows just how serious the bind is. Historically, when inflation jumped, mostly spurred by the big oil shocks, we saw both big recessions as well. At the time, it was acknowledged that the commodity shock caused the recessions by driving inflation and interest rates higher.

 So the stagflation is really not so new or rare an occurrence. I have been predicting this for a long time. We are now there. Bernanke’s performance has been lackluster and not inspiring confidence, to say the least. He might as well have said “Let the dollar be dammed, full speed ahead with the helicopters.” Instead of a determined, cigar-smoking disciplinarian like Volcker, he just looks weak.

 To some extent history has already predicted the result, so it is really beyond one man’s attempt to push a lever behind the curtain. Really, there’s not that much for him to do but watch the dollar collapse and the U.S. economy to slow. Stagflation.

 Bud Conrad is Casey Research’s chief economist and a regular contributor to BIG GOLD, a monthly advisory for the more conservative resource investor. BIG GOLD focuses on large-cap gold producers and near-producers, gold mutual funds, ETFs and much more.

 With gold now up over $970 an ounce, the investing masses will soon catch up to its timeless value as an inflationary hedge. When that happens, BIG GOLD subscribers will already be well positioned to benefit from the incoming tide. Sign up for a risk-free trial subscription with 100% money-back guarantee today and take a full 3 months to decide whether BIG GOLD is for you…

 Click here to learn more.