I'll Promise You One Thing...

Gold is going higher... Here's what I'll promise you: Gold is going higher... I've been in this business a long time. I know better than to promise a sure thing. And yet, I am fully prepared to do it in this one instance... [Outsider Club logo] I'll Promise You One Thing... [Jason Simpkins Photo] By [Jason Simpkins]( Written Jul 24, 2020 I've been in this business a long time. I know better than to promise a sure thing. And yet, I am fully prepared to do it in this one instance... Here's what I'll promise you: [Gold is going higher](. There's just no way it's not. The list of reasons why is considerable... - Stagflation - Uncertainty - Stock market bubbles - Money printing - Bailouts - Hedge funds - Political strife - Momentum - Security - A weak dollar - Recession And that's just to name a few. [Reclusive Millionaire Releases Urgent Alert from the Woods of Eastern Washington]( You’ll never believe what this insanely private man says is coming NEXT in 2020. He’s come out of the woods to alert the American public. [wsup gold mine redux video]( This is why, as of the time of this writing, gold prices are ripping toward $1,900 per ounce. And it's why they're destined to blow past $2,000. Both professional and retail investors are buying in. The first half of the year saw record investment demand for gold, according to the World Gold Council (WGC). So far this year, inflows into physical gold exchange-traded funds (ETFs) globally is around $12 billion. ETFs globally recorded their seventh consecutive month of positive flows in June, taking global holdings in gold ETFs to an all-time high of 3,185 tonnes. Between June 2019 and June 2020, the total addition to holdings of gold ETFs across the globe was 659 tonnes. Of this, 307 tonnes were added to gold ETFs in North America and 316 tonnes in Europe. Demand for gold from investors (including those buying coins and bars) was 539.6 tonnes in the second quarter, topping demand for gold jewelry, which registered 325.8 tonnes. The last time we saw such a trend was in the second quarter of 2016 — when the price was below $1,200 per ounce. And going forward, nothing about the market or our current economic outlook is poised to change. [Gold vs other asset classes] The Coronavirus continues to spread in the United States, wreaking havoc on spending and employment. Our policymakers (the same ones who failed to foresee and adequately prepare for this epic meltdown) have no idea what they're doing. [Could All 50 States Really Legalize Cannabis?]( Now, I’ll be honest... if you’d said just a few months back that I’d be talking to you today about the possibility of all 50 U.S. States legalizing cannabis in one massive wave... Well, I would have said: “you’re crazy!” But times have changed, and quite suddenly. COVID-19 has done an incredible amount of damage this country — and states have been hit especially hard. They’re hemorrhaging money. And the outlook for state tax revenue continues to only get worse. This is where cannabis comes in: with the stroke of a pen, states can legalize cannabis and create a brand-new stream of tax revenue — instantly. States aren’t the Federal government. They can’t print money to get themselves out of the hole they’re in. For states, new streams of tax revenue are the only way out. A sudden wave of new state legalizations is certain to create an unprecedented cannabis boom: and early investors will make a complete fortune. It could happen much faster than you think — [let me explain how to get in while there’s still time.]( Some $3 trillion in government spending was put to waste — mere window dressing on a disaster. Now they're squabbling over a second stimulus bill while emergency relief for unemployment and housing is set to expire. The Federal Reserve and the European Central Bank balance sheets expanded to $14.03 trillion in an effort to buy the crisis off, but all they've really done is create a stock market bubble. The S&P 500 is trading at 22 times its companies' expected earnings. That's the highest level in at least 18 years and nearing the record 24.4 on March 24, 2000, which was just before the dotcom bubble burst. How can that possibly be justified? Through June 30, there were more than 3,600 Chapter 11 filings by companies seeking court protection from their debts — a 26% increase over the same period last year. Bankruptcies surged 46% in June, alone. Some of the names you may recognize: Chuck E. Cheese, Hertz, J. Crew, J.C. Penney, and Neiman Marcus. More will follow. [China Harasses the U.S. Military in Djibouti]( The Pentagon is still reviewing an incident from last year when two U.S. pilots were flying a C-130 on a routine flight to the U.S. military base in Djibouti… and then just a minute before landing safely, both pilots were injured by a Chinese laser. And the attacks continue... Every single day, a new laser incident is reported somewhere in the world. It’s part of China’s systematic plan to intimidate and threaten our troops. But it gets worse. Experts believe these attacks from low-powered lasers are just practice runs for the real threat: a high-powered laser that can destroy anything in its path. The Pentagon has launched a $317 million response plan that will change U.S. defense forever — and early investors will make a fortune. [Click here for the full story.]( U.S. GDP contracted by 5% in the first quarter, and economists are generally forecasting a 30% drop for the second quarter. Yes, our economy has shed a third of its value and it's going to keep shrinking. So if you think you may have missed the gold bull market, I assure you, you have not. Especially if you invest in Nick Hodge's latest gold play. He's found a small gold-mining company that's poised to rocket higher in the months ahead. It's trading for just 50 cents a share, but it's backed by none other than John Paulson, the billionaire investor who cashed in mightily on the last major economic collapse. You can [find the details on that here](. Like I said, I promise it's worth your time and promise is something that's sorely lacking these days. Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of The Wealth Warrior, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [One Word that Will Send Cannabis Soaring]( [The Golden Bandwagon Is Growing]( [All the Big Guns Are Betting Big on Gold]( [We're Doing Incredibly Well]( [Finding Opportunity in the Coming Decline]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Outsider Club, please add newsletter@outsiderclub.com to your address book or whitelist within your spam settings. 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