First of all, thank you so much for sending the guide! It is truly interesting and compelling information. I get the importance of owning physical gold and silver but wonder about buying stocks. You brought up The Great Taking and the fact that our investment accounts, bank accounts, etc are not our own and can be seized. Tell me how you would skirt this happening when investing in mining stocks. Do you imagine having enough advanced notice of the collapse to get out of the market, take your USD and invest in more physical precious metals?
I think I covered this in the webinar. But I'll cover it or expand on it if I didn't.
Once you've taken physical ownership out of the way, in other words you have enough. Then you still have circa 80% of your wealth. So what do you do with it to create money?
Person A - I don't want to create money I want pure safety. Fine, move to all gold and silver. End of conversation.
Person B - I need an income to live. Where am I going to put my money to work? What's the best opportunity available right now? Is there a once in a lifetime opportunity right now?
If you can take funds make 10 to 20% off of them every 3-4 months, take 20% of that off the table. Rinse and repeat, then why wouldn't you.
Also, to not do anything would be akin to never flying because the plane may crash, or never walking across the street. There is risk in everything, understanding risk and mitigating risk is a skill best practised.
How will you be ready at the ground level to capitalise after a market crash? You had to be nimble in and out of the market, honing your skill with the understanding that at any time there could be a major crash.
Look at the 2007 to 2008 crash. Northern Rock in the UK signalled weakness in the model for all to see in late 2007. Bear Sterns went down in April, a minor panic, but quickly recovered. Then Lehman crashed on 14th September. This was the get-out-of-dodge moment. Something I said on that day to my wife.
The market then crashed two weeks later. There are signs, you just have to be able to read them.
Then there is the option of taking share certificates off of the market. They can't bail them in, no matter what they'd like to do.
So there is risk, period. However, if you can read the tea leaves, and you can psychologically overcome the doubts regarding time to leave and if you are the controller of your fund. Then this will likely be an extremely profitable time to be an owner of precious metals companies.
The precious metals sector went up on average 2,800% in the 1970's ending in 1980's peak. This is life-changing wealth, and that is just the average gain. Some exceeded many of the cryptocurrency gains. Which is why I study which ones could do that.
So a person who wants to chase those potential gains has to come to terms with what they are willing to put on the table to risk losing. Personally, I am playing in this market with less than 10% of my net worth. So if I lost the lot, it would hurt, but I would recover.
If someone is playing with 60-80% of their net worth, then this is way more risk than I would be comfortable with.
So yes the Great Taking is a thing, but the opportunity of a Lifetime is also on the table. It was 44 years ago when this happened, and I think this bull market run will make the one from the 70's look small by comparison.
That's why I'm in it, and that's why I decided to inform anyone mad enough to listen to someone like me.
Andy…I have a tad more to view here, I may return with some pertinent insights and a question. For now, knowing our background in metals such as I have spelled out for you, I have to say: I value you made your delivery extremely well to articulate for the mere novice. Well done, I think!
I missed that when I set it out, thank you for the question.
No it is not times 2, what do you think I'm a money grabbing wotsit :-)
For your partner to come along is just $2,750, which I trust you'll think is very fair.
However, there's a couple of requirements, first one is we don't want someone who's being dragged along by an enthusiastic partner :-)
So we will need both of you guys on the phone. And the price the first person pays will be affected by the amount you both have to invest. Which I'm sure you understand. But if you don't please ask me.
Other than that, we'd love to have you and other couples come along as when you have a partner who has seen everything and is therefore on the same page, not only do you have more support, but the mastermind principle comes into play and you should find you get even better results.
In the webcast you mentioned the Mastermind attendees will have their own ongoing group meeting and updates from Andy etc., but that the non-attendees will have a chance to subscribe to those updates and comments too, just not directly part of the group. Is that correct? Do you have any details on this subscription service?
**Re-posted here just in case people don't see this message above**
Hi Krista,
I missed that when I set it out, thank you for the question.
No it is not times 2, what do you think I'm a money grabbing wotsit :-)
For your partner to come along is just $2,750, which I trust you'll think is very fair.
However, there's a couple of requirements, first one is we don't want someone who's being dragged along by an enthusiastic partner :-)
So we will need both of you guys on the phone. And the price the first person pays will be affected by the amount you both have to invest. Which I'm sure you understand. But if you don't please ask me.
Other than that, we'd love to have you and other couples come along as when you have a partner who has seen everything and is therefore on the same page, not only do you have more support, but the mastermind principle comes into play and you should find you get even better results.
First of all, thank you so much for sending the guide! It is truly interesting and compelling information. I get the importance of owning physical gold and silver but wonder about buying stocks. You brought up The Great Taking and the fact that our investment accounts, bank accounts, etc are not our own and can be seized. Tell me how you would skirt this happening when investing in mining stocks. Do you imagine having enough advanced notice of the collapse to get out of the market, take your USD and invest in more physical precious metals?
Thanks for sharing your wisdom! Jan
Hi Jan,
I think I covered this in the webinar. But I'll cover it or expand on it if I didn't.
Once you've taken physical ownership out of the way, in other words you have enough. Then you still have circa 80% of your wealth. So what do you do with it to create money?
Person A - I don't want to create money I want pure safety. Fine, move to all gold and silver. End of conversation.
Person B - I need an income to live. Where am I going to put my money to work? What's the best opportunity available right now? Is there a once in a lifetime opportunity right now?
If you can take funds make 10 to 20% off of them every 3-4 months, take 20% of that off the table. Rinse and repeat, then why wouldn't you.
Also, to not do anything would be akin to never flying because the plane may crash, or never walking across the street. There is risk in everything, understanding risk and mitigating risk is a skill best practised.
How will you be ready at the ground level to capitalise after a market crash? You had to be nimble in and out of the market, honing your skill with the understanding that at any time there could be a major crash.
Look at the 2007 to 2008 crash. Northern Rock in the UK signalled weakness in the model for all to see in late 2007. Bear Sterns went down in April, a minor panic, but quickly recovered. Then Lehman crashed on 14th September. This was the get-out-of-dodge moment. Something I said on that day to my wife.
The market then crashed two weeks later. There are signs, you just have to be able to read them.
Then there is the option of taking share certificates off of the market. They can't bail them in, no matter what they'd like to do.
So there is risk, period. However, if you can read the tea leaves, and you can psychologically overcome the doubts regarding time to leave and if you are the controller of your fund. Then this will likely be an extremely profitable time to be an owner of precious metals companies.
The precious metals sector went up on average 2,800% in the 1970's ending in 1980's peak. This is life-changing wealth, and that is just the average gain. Some exceeded many of the cryptocurrency gains. Which is why I study which ones could do that.
So a person who wants to chase those potential gains has to come to terms with what they are willing to put on the table to risk losing. Personally, I am playing in this market with less than 10% of my net worth. So if I lost the lot, it would hurt, but I would recover.
If someone is playing with 60-80% of their net worth, then this is way more risk than I would be comfortable with.
So yes the Great Taking is a thing, but the opportunity of a Lifetime is also on the table. It was 44 years ago when this happened, and I think this bull market run will make the one from the 70's look small by comparison.
That's why I'm in it, and that's why I decided to inform anyone mad enough to listen to someone like me.
I trust this makes perfect sense now.
Best wishes,
Andy
OK. Thank you!
Andy…I have a tad more to view here, I may return with some pertinent insights and a question. For now, knowing our background in metals such as I have spelled out for you, I have to say: I value you made your delivery extremely well to articulate for the mere novice. Well done, I think!
Thank you Kat
Hi Krista,
I missed that when I set it out, thank you for the question.
No it is not times 2, what do you think I'm a money grabbing wotsit :-)
For your partner to come along is just $2,750, which I trust you'll think is very fair.
However, there's a couple of requirements, first one is we don't want someone who's being dragged along by an enthusiastic partner :-)
So we will need both of you guys on the phone. And the price the first person pays will be affected by the amount you both have to invest. Which I'm sure you understand. But if you don't please ask me.
Other than that, we'd love to have you and other couples come along as when you have a partner who has seen everything and is therefore on the same page, not only do you have more support, but the mastermind principle comes into play and you should find you get even better results.
Best wishes,
Andy
Hi Andy & Team 🙂
In the webcast you mentioned the Mastermind attendees will have their own ongoing group meeting and updates from Andy etc., but that the non-attendees will have a chance to subscribe to those updates and comments too, just not directly part of the group. Is that correct? Do you have any details on this subscription service?
Thanks in advance :)
Hi,
We are a ways off of this at the moment. But I will message when I get things sorted out. Thank you for your interest.
Best wishes,
Andy
Good evening! Can you tell me the cost of a couple attending? Is it the price times two?
**Re-posted here just in case people don't see this message above**
Hi Krista,
I missed that when I set it out, thank you for the question.
No it is not times 2, what do you think I'm a money grabbing wotsit :-)
For your partner to come along is just $2,750, which I trust you'll think is very fair.
However, there's a couple of requirements, first one is we don't want someone who's being dragged along by an enthusiastic partner :-)
So we will need both of you guys on the phone. And the price the first person pays will be affected by the amount you both have to invest. Which I'm sure you understand. But if you don't please ask me.
Other than that, we'd love to have you and other couples come along as when you have a partner who has seen everything and is therefore on the same page, not only do you have more support, but the mastermind principle comes into play and you should find you get even better results.
Best wishes,
Andy