From the Gold Investment letter.

I’m not endorsing this letter as he seems to be a perma bull , but this does present a concise recap of a situation favoring Gold.

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“For those of you with direct exposure in Hong Kong banks and/or the HKD (Hong Kong Dollar-pegged to USD), you may want to take immediate action to protect yourself. There are very concerning developments in Hong Kong where protestors could face a violent crackdown by the communist Chinese government. Kyle Bass at Hayman Capital did a good job of outlining the risks in this piece:

Hong Kong is the most leveraged private sector on earth at close to 1,000% of GDP! Their peg to the USD could easily crack under the current circumstances and if I had money in HK banks and/or the HKD, I would get it out immediately. The Chinese yuan has declined to lows not seen in a decade as trade talks with the US continue to go nowhere. And, just maybe because educated people don’t want their government controlling every details of their lives, especially their money.

It is no coincidence that gold has rocketed to new highs since Friday and Bitcoin (BTC) has exploded over 20% in less than a week! Capital is fleeing China and HK and being put into stores of value including into the USD, which is a temporary haven and not a sustainable store of real value. Gold is the safest investment on planet earth at this time. Market makers around Asia are creating the crypto currency “Tether” in the billions of dollars due to Chinese demand. These “dollars” are swiftly converted into BTC in most cases, which has clearly been a major driver of BTC prices in 2019.

???????The days of being able to acquire gold below $1,500 USD and Bitcoin below $11,500 will be far out of reach soon….act accordingly to protect and grow your wealth! For those of you that think you can simply avoid learning about bitcoin/crypto and remain an astute global investor are mistaken. Could you have remained an astute business owner who never used or learned about the internet over the past 20 years? Not likely. This current trend rising out of the peoples of the world will have an even greater impact on society than the internet over the next 20 years.

Internet 3.0 if you will. The very fundamentals of money/currency itself is changing before our eyes and the Asians have a front row seat for now. Soon, we all will be affected as global governments back their fiat currencies with mountains of debt and negative interest rates. Who the hell wants to own that dog s*@t? Get ahead of the curve!

People in the gold business think they’re being smart and bold by predicting $1,500 or $1,550 gold. Gold is going to DOUBLE, TRIPLE, or MORE in the coming years. $2,500-$3,500 is an extremely conservative range to expect. Anyone who has any actual faith, CONVICTION, or belief about this would not sit around with 1-5-10% of their investable assets in the sector (including gold/silver mining stocks). You would have over HALF of your money in this area and double digit exposure in crypto!!

Instead sheep sleep at the wheel “hoping” the stock market keeps going up despite terrible valuations and bull cycle duration. Bond investors are paying banks/governments to hold their “safe” money. Haha what a bizarre world we live in! but these scenarios also create LIFE CHANGING opportunities if we get our heads out of our…. and wake up!

Buy gold, buy bitcoin, buy silver, and buy undervalued quality mining stocks!!! Act now or act later….change is coming.”
Sincerely,
Eric Muschinski
Gold Investment Letter
eric@phenom.ventures