| Dear Reader, It all started in early 2012. I founded Mauldin Economics with John Mauldin and Ed D’Agostino. This venture had a single mission that each one of us was personally committed to: To give people all the tools they need to a) understand the financial markets, and b) invest profitably. And back then, we agreed to constantly remind ourselves why we are doing this. We didn’t want any business objectives to get in the way of our mission. This is why I’m writing to you today. Let me explain. In 2012, the US economy started to recover from the Great Recession of 2008. The markets had been on a bullish trend that would later be fueled by the Fed’s aggressive stimulus programs. The rally has roamed to this day, marking the longest bull market in US history. While most investors celebrate, our team is growing increasingly worried. Whether you read John Mauldin’s Thoughts from the Frontline or Jared Dillian’s The 10th Man, you know that our analysts see more and more signs pointing to the coming financial disruption. For one, our economy is plagued with unimaginable levels of government and corporate debt. And we are not alone. The rest of the world is in no better shape. Corporate debt is reaching all-time highs. Although getting somewhat stronger, the economy is overleveraged. All it will take is a little slowdown and a short series of defaults to trigger an avalanche of bankruptcies. That’s why John Mauldin, Jared Dillian, and our other editors have started preparing contingency plans. Both for our subscribers and personally. The markets have started shaking. It’s an early sign. But there is still some time to implement defensive strategies. And I urge you to do that sooner than later, before a full-blown crisis sets in.
The Best Protection
Most asset classes today are either fully priced or overvalued. But there’s one asset class that has been beaten down for the past seven years. It’s as undervalued as it was before the 2008 recession. The best part, this asset class is not correlated to the stock market. That means when stocks plunge, this asset class will skyrocket. I’m talking about precious metals. Unfortunately, many investors forgot the value of owning precious metals as a non-correlated asset in their portfolio. I get it, it’s tempting to be fully invested in equities when you see record returns. But just like in 2008, this party will eventually be over. And you’d better be prepared for it. Today, gold and silver are nearing decade lows. Yet few investors want to buy portfolio insurance, even when it is that cheap. It didn’t surprise us, though. As our friend Grant Williams recently said, nobody cares about gold… that is until a crisis hits! The same happened in 2008. The same will happen in the next crisis. It’s like with insurance. Most people only want disaster insurance after a major hurricane hits. Unfortunately, at that point, it is both too late and too expensive.
Exclusive Invitation
Do yourself a favor and consider adding precious metals to your portfolio now. At this price, not only will it reduce your downside risk, but will make a great long-term investment. To make it even easier for you, our friends at the Hard Assets Alliance have prepared a special offer for Mauldin Economics readers. But before I disclose it, let me tell you how Mauldin Economics is linked to the Hard Assets Alliance. Since 2012, Mauldin Economics has been a founding member of the Hard Assets Alliance*, probably the most convenient and cost-effective solution to buy, store, and sell physical precious metals. John, Ed, and I have had personal accounts at the Hard Assets Alliance for years. It’s because we truly find it to be the most effective way to invest in physical precious metals. And as investors, we believe that we have to hold a portion of our portfolio in physical gold and silver. So, here’s the deal I mentioned before. If you open a new account before November 15, 2018, the Hard Assets Alliance will provide you with free storage until 2020. The offer is valid for all types of precious metals. There’s also no limit to how much metal you can store. But there’s a catch… You have to act now and open your new Hard Assets Alliance account before November 15. If you are concerned about our financial markets, I urge you to take advantage of their very generous offer while gold and silver are still cheap. Click Here to Open an Account I believe the day will come when you will be glad you did that. Olivier Garret, CEO
* Members of Mauldin Economics receive a small marketing compensation from the Hard Assets Alliance. Mauldin Economics will only endorse products or services that we strongly believe in and use for ourselves. | 