Feed on
Posts

Gold Value in Ecuador

Investing value is all about purchasing power and if you live in Ecuador… your purchasing power is linked to the US dollar.  You might want something more. How about Gold?

If so, be sure to hold that gold outside Ecuador because it is taxable coming in and cumbersome to sell while here.

Our attorney investigated bringing it in and wrote:   Dear Gary:  After reviewing applicable legislation, we’ve found that there is no restriction on the introduction of gold or coins to Ecuador.

The introduction of such, however, does carry a tariff that is to be charged in accordance to weight or monetary amount. Furthermore, there’d need to be a customs filing in which the gold presentation is to be declared, such as ingots,  jewelry, dust, etc. Furthermore, an explanation of where does such gold / coins come from needs to be consigned in such form. If gold is brought with the traveler, then such must be specified in the customs form that each passenger gets before landing in Ecuador.

Gold and coins coming into Ecuador would pay a tariff of 0.5% and 12% VAT.  However, if we could know exactly what the person intends on bringing to Ecuador we can better review applicable taxes and tariffs. Best regards.

For those that want physical gold in Ecuador, there is gold mining in Ecuador and gold dealers. I do not know any  personally. But there are many places with signs that they buy gold.

Reports we have received to date are not encouraging. One subscriber shared:   I 
live near Quito and last year was trying to sell a gold eagle.  I could
 not for the life of me find anyone willing to pay anywhere close to spot 
value.  I don’t know of anyone who is in the business of dealing in
 minted coins/bullion in Ecuador.  If you know of any I would very much 
like to be informed.

Those small dealers who advertise on the street that they buy gold
 usually treat any gold they buy as junk gold of questionable purity,
and my experience is that minted bullion is treated the same.  Some
 places will offer loans with the bullion as collateral, but I’ve found 
the service charge and interest rates to be obscenely high considering
 it’s backed by collateral they hold.

My advice to anyone considering in bringing gold bullion into Ecuador is
 to not do it.  They will be far better off leaving such bullion in 
trusted hands in a more developed country where bullion dealers can be 
more easily found (or found at all), and liquidating them there if and
 when they see fit.  It would be much more likely that buying gold in 
Ecuador would be a much better deal.  Junk gold (jewelry) and unrefined
 gold is much more likely to be found here.  Perhaps that is where
 opportunity can be found. I appreciate your articles.

There are so many rules and regulations concerning the flow of money and products in and out of Ecuador that are not enforced.   Specifics (as well as the particular customs inspector that processes your entry) are so important in determining exactly what happens so our advice if you plan to bring gold to Ecuador is to review well in advance with an Ecuador attorney exactly what you plan to bring.  Arrange in advance for the shipment to come through so your attorney can be involved in processing the arriving metal.

If you want to hold gold outside the country where you live or in a safe place check with ASI Precious Metal Direct.  Or call  877-339-8472.

Do you want gold at all?

This note from a reader stimulates thoughts about the value of gold.   Gary… brutal negative metals action taking place.  crude as well to some extent.  silver just broke 23.50 and gold is threatening 1400.  this begs the question:  is this an indication that something major is about to happen?

kitco.com gold chart

My reply:  One of our investment foundations is that periods of high performance are followed by periods of low performance.

I was a huge gold and silver bug in the 1970s and learned many lessons… luckily to the positive.  The biggest lesson was that gold’s price is pretty unpredictable in the short and medium term.  Based on that I sopped investing in gold.  The activity to gold appears to me to be similar to the metals action in the 1970s-early 80s and could just well be a pattern where human nature pushes a price way too high and then way too low.

Take a look at the Kitco long term chart of gold chart above and see how the run up, the double peak at a high and the peak down from the 80s crash is somewhat similar to the 1970s run up, peak and crash.  If this theory holds true… then we should expct a deep correction on gold and for gold’s price to remain extended.   Since this is such an extended cycle and because US price controls mask the previous cycle we might not know better for 30 years.   So I accumulate my gold as insurance and hope I’ll never need it and will be lucky enough to pass it onto my children.

Having tracked gold for over 40 years I have seen and heard it all.  My conclusion is that gold should be held as insurance and as a store of long term purchasing power protection.

Stocks Have a More Predictable Value

Share prices can be compared to their history as can gold… but then one can also examine share prices versus return on investment, yield, price earnings and price to cash flow.

This is why we track the global share analysis of Keppler Asset management.

Here is the spring 2013 value update for developed equity markets around the world.

The best way to invest globally is to invest in countries that offer the best equity value.  This is why once a quarter we look at a major and emerging equity market valuation analysis by Michael Keppler.  Michael’s firms are the best when it comes to value analysis of stock markets.

Here is an update on the values of major stock markets as of January 2013 by Keppler Asset Management.

Fwd: keppler

Michael Keppler

If you are a new multi currency subscriber learn about Keppler Asset Management here.

Recent Developments & Outlook

The above-average total returns in Global Equities from 2012 carried over into the New Year. The MSCI World Total Return Index (with net dividends reinvested, December 1969 = 100) finished the first quarter up +9.8 % in local currencies), up +7.7 % in dollars and up +10.6 % in euro respectively.

Over the last 15 months, the MSCI World Index was up 27.0 % in local currencies, 24.8 % in US dollars and 26.1 % in Euros.

The Euro lost 2.6 % versus the US dollar in the first quarter and, at the end of March, stood at 1.2841 (USD/EUR), down 1.1 % compared with its level of 1.2982 at year-end 2011.

Twenty-one markets advanced in the first quarter, three markets declined. Japan (+21.4 %) had the highest return, followed by Greece (+17.1 %) and Ireland (+15.6 %). Italy (-7.4 %), Spain (-3.1 %) and Austria (-2.1 %) – the only three developed markets with negative returns – performed worst last quarter.

Over the last 15 months, Belgium (+53.6 %), Japan (+47.6 %) and Denmark (+38.4 %) performed best, while Israel (-3.1 %), Spain (-1.7 %) and Italy (+2.6 %) came in last.

Performance is in local currencies, unless mentioned otherwise.

There were no changes in our performance ratings last quarter. The Top Value Model Portfolio now holds the ten “Buy”-rated markets Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom at equal weights. According to our analyses, a combination of these markets offers the highest expectation of long-term risk-adjusted performance.

The table below shows how the Developed Markets Top Value Model Portfolio compares to the MSCI World Index, the Equally Weighted World Index, the MSCI Europe Index and the MSCI US Index as of March 31, 2013 based on selected variables (current numbers for book value; 12-month trailing numbers for the other variables – no forecasts).

keppler value assessment

Global equities continue to be attractively valued compared with current and historic valuation ratios and rates of return.

The chart below shows the entire real-time forecasting history of Keppler Asset Management Inc. for the Equally Weighted World Index.

Our numbers are based on relationships between price and value over the previous 15 years. The chart includes two remarkable episodes: the five-year period (1997-2001) during which the Equally Weighted World Index stayed above the upper valuation band and the period starting in October 2008, when the Equally Weighted World Index fell below the lower valuation band, where it has stayed ever since.

Our implicit three-to-five-year projection indicates that the Equally Weighted World Index is expected to rise to 12,112 from its current level of 7,483 in three to five years for a compound annual total return of 12.8 % in local currencies – down from 13.6 % last quarter.

The upper-band estimate of 14,535 by March 31, 2016 implies a compound annual total return of 18.1 %, while the lower-band estimate of 9,690 corresponds to a compound total return of 6.4 % p.a.

keppler value assessment

Growth rates of important fundamentals have stabilized last quarter. Annual book value growth for the Equally Weighted World Index in local currencies is up from 6.8 % at year-end 2012 to 8.5 % as of the end of March. Earnings growth went from 1.3 % at the end of last year to 2.1 % and annual Cash Flow and Dividend growth at the end of March stood at 4.8 and 2.8 %, respectively. With fiscal policies becoming more restrictive in many countries, the arguments for rising stock prices have not changed lately. They focus on (1) a continuation of monetary easing, (2) opportunity costs, i.e. the lack of investment alternatives – basically all major asset classes (commodities, precious metals, real estate and, most of all, bonds) have seen major bull markets since the beginning of this century, and (3) an expansion of valuation multiples for common stocks. In January (Developed Markets Country Selection, Winter 2013) I pointed out that the process of multiple expansion is underway. This trend has now continued in the first quarter 2013. The price/earnings ratio of the Equally Weighted World Index bottomed in September 2011 at 10.8 and had moved up to 14.2 by December 2012. Its latest reading at the end of March was 15.5.

Michael Keppler New York, April 12, 2013

Multi Currency subscribers can see the entire 85 page report that values all developed stock markets as of April 2013 in our Borrow Low Deposit High – Multi Currency Update.

Subscribers to Borrow Low Deposit High Multi Currency Report click on your password protected page here.

Enroll as a subscriber Order “Borrow Low-Deposit High – How to Use the Multi Currency Investment Sandwich. $79”

The Secret Science of Wealth

Here is a ratio that can make us rich….1.6 to 1.  Leverage in this amount has helped build one of the greatest fortunes in history.  This ratio is one of three secrets in the science of everlasting wealth.  See how Yale University’s research on Warren Buffet’s investing strategy shows the actual science of how to borrow low and invest high.

I began thinking about the secrets of good investing over 30 years ago.  Well, actually I had thought about these secrets many times before that. “Why do some people make money again and again?  What is their secret?”

However, this thinking was super charged about 3 decades ago.  I was a speaker at an investment seminar in the Cayman Islands.  Another speaker was one of the world’s great investors, John Templeton.  Chance put us in the same room waiting to speak.  Then after we spoke chance brought us together, alone in the small departure lounge at the airport.  This was my golden chance, to speak alone, one on one, with this investing genius.  I took it.  “What’s the secret that sets you aside from the rest“,  I asked.

Mr. Templeton (he was not Sir John then) explained that he just did the same as every good investor to stay on top of trends.  But then, he added, his secret was to review everything with a black box… a form of thinking beyond logic.

Then his flight departure was called.  He flew away and I was left, more puzzled than before.  “Hmpf?”  I wondered.  “Knowing that secret doesn’t help.  What’s the science behind the black box?  That’s what I need to know.” 

I remained mystified.  Later the mystery deepened.   I was conducting a book signing for my novel “The 65th Octave”.

I was speaking at a (now defunct) Borders Bookstore about how the core of the novel was the Golden Words.  They helped reveal little known secrets for a more fulfilled life.  One attendee, burst out crying.  That was very puzzling so after the signing I asked her, “Why the tears?

She explained that she had been Warren Buffett’s personal assistant.  Buffett and Charlie Munger had used these same secrets and had encouraged her to use them.  She said those ideas had sounded too esoteric. She had ignored them and left Buffett’s employment.

That’s a clue, I thought.  “The same secrets in my novel can be applied to investing”.

This is when I realized how many secrets of everlasting wealth, may seem mystic but are simply well known mathematics of nature.  They have not been commonly applied in the science of investing.  Only a few investors have learned to apply the science of nature to finance.  This rarity has made these few investors almost unimaginably rich.

One secret that research has now proven, is a most interesting proportion of universal math called the Golden Mean or Golden Ratio.  The Golden Mean is the ratio of approximately 1.6 to 1  (1.6180339887498948482 to be more accurate, but 1 to 1.6 is usually accurate enough).  This rate of expansion is found everywhere-throughout nature.  The Golden Mean controls the growth of most natural things; trees, the shape of leaves, the spiral of shells, as well as the way economies and societies grow.

Good businesses and investments grow along the Golden Mean.  If they grow too fast or to slow beyond this rate, they face increased risk of loss.

The Golden Mean for example is regularly used in architecture.   Our house in North Carolina was built on the Golden Mean.

italian-villa

It has a base of 50 feet by 30 feet… a 1 to 1.6 dimension on purpose.

The Greeks were aware of the pleasing impact of the Golden Ratio and used it as the core of many structures, such as the Parthenon.

In fact the symbol for the Golden Ratio, the Greek letter phi, is derived from the name of Phidias, one of the three architects, who designed this amazing monument.  Iktinus and Callicrates were the other two architects.  These three used Phi beginning with the exterior of the Parthenon.  The dimensions of the façade represent the perfect golden ratio.  Then the ratio is used in many ways within.

Ancient Egyptians used the Golden Mean in the Great Pyramids of Giza.  The length of the base of the pyramid is approximately the Golden Mean.  The height is approximately Pi.

The Golden Mean ratio is in the design of Notre Dame in Paris, the headquarters for the United Nations built under the supervision of Wallace K. Harrison and French architect, Charles E. Jeannere, reflects the Golden Ratio in several ways.  The windows have the ratio and also when looking at the width of the entire building and comparing it to the height of every ten floors.

“Great”, I asked myself again and again. “The Golden Mean can be found in the human body, nature, solar systems, DNA, the stock market, the Bible, theology, music, artwork, design, and architecture.  That all well and good, but what is the exact science for applying this ratio to investing?

Finally, research about Warren Buffet’s investing strategy published at Yale University’s website shows the actual science of how to use the Golden Ratio to become and remain rich.

A research paper published on the website of Yale University’s Department of Economics pinpoints this truth.  The paper shows the methods used by Warren Buffett to amass his $50 billion dollar fortune.  The researchers found that the returns from Buffett’s investment company, Berkshire Hathaway, far outweighed those achieved by any rival that has operated for 30 years or more.  The research shows that neither luck nor magic are involved.  Instead, the paper shows that Buffet’s success hinges on using leverage at the Golden Ratio to make large purchases of “cheap, safe, quality stocks”.

Buffett has amassed an amazing fortune by leveraging a good strategy for very long periods of time, surviving rough periods where others might have been forced into a fire sale or a career shift.

The study found that Buffett applies a leverage of about 1.6 to 1, boosting both his risk and excess return in that proportion.  He uses the Golden Mean in his borrowing, not too little, not too much.

Thus his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over many decades.

The research paper shows these general features of Buffet’s portfolio:  Stocks that are safe (with low beta and low volatility), cheap (value stocks with low price – to – book ratios), and high quality (stocks of companies that are profitable, stable, growing, and with high payout ratios).  Even so at times his portfolio has fallen, but Buffett waits long periods for prices to recover.

This leaves the key question: What capability allows Buffett to hang on when his leveraged investments are losing value?

For example, from June 30, 1998 to February 29, 2000, Berkshire  lost 44% of its market value while the overall stock market gained 32%.  Most fund managers would have trouble surviving a shortfall of 76%.  Buffett’s reputation and structure as a corporation helped him stay the course and rebound when the internet bubble burst.  Having not leveraged too much because of the Golden Mean is a crucial part of his tenacity.

Another part of his portfolio science  is keeping finance costs low.  His company benefited from a AAA credit rating and was able to borrow funds at such low rates that Berkshire was able to issue the first ever negative interest loan in 2002.  In addition Buffet bought up insurance companies that could provide low cost finance.  Insurance float loans cost only 2.2%, three full percentage points below the average T-bill rate.

Buffet’s staying power also comes from his belief in how he invests and the companies he invests in.  Plus Buffett gets smarter by spending much of his time reading every day.

“Warren Buffet treats knowledge like daily compound interest that builds up as the hours tick away.” 

He combines this knowledge with fulfillment.  He says, “I pretty much don’t do anything I don’t like to do. I’m very fortunate in that… I’m pretty much in command of my own time, but I have a lot of fun doing it.”  He remains mostly disconnected from the busy investing world.  His success is the freedom to wake up every morning and work on something he is passionate about and that leaves him fulfilled.

These scientific facts that many consider secrets are one foundation of value investing course “The Purposeful investing Course” (Pi).

Another foundation of the Pi course was laid decades ago when I read one sentence in a book review of “The Wealthy 100″.

This book, shows the fallacy of working  just for cash. “The Wealthy 100″ is about the wealthiest people in the world (comparing their wealth at the time of their death in relation to the GDP of the USA).  John Jacob Astor was the wealthiest man in these terms as his wealth equaled 1/65th of the U.S. GDP.

The last sentence of this paragraph that shook me to my roots was (see underlined below):  “The stories of the Astors, Vanderbilts and Morgans have been fascinating.  They were not always the smartest, or best educated, but possessed a single minded discipline.  If there were a common denominator it was a passion they brought to business whether inspired by greed or desire to be the best. 

The backlash; many lived unhappily.

How would you feel if in the last 30 seconds of your life you realized you were the richest person in the world and yet had lived an unhappy life?

That simple question led me to years of soul searching and research for that foundation of Pi.  This is why I decided to create a course based my 50 years of  of writing and speaking about multi currency investing.

Pi combines my experience with wisdom gained from some of the world’s best investment managers and economic mathematical scientists I have met and worked with.

Slow, Worry Free, Good Value Investing

Stress, worry and fear are three of an investor’s worst enemies.  These are major foundations of the Behavior Gap, a trait exhibited by most investors, that causes them to underperform any market they choose.  The behavior gap is created by natural human responses to fear.  The losses created by this gap grow when investors trade short term under stress.  More about the gap in a moment.

Learn how to create profitable strategies that combine good value investments with unique, personal goals.

Learn the Golden Rules.  Pi contains “50 Golden Rules of Investing” that have been picked up over 50 years.  These rules help you avoid the pitfalls that create the behavior gap.  For example, The first golden rule is:  There is always something we do not know.  No investment story contains the whole truth and nothing but the truth.  Every investment is based on some approximation.   This fact means some investments we make will rise in value and some will fall, at least temporarily.   It’s human nature to avoid loss. When investments fall, pride and fear create irrational, unscientific action.  Thus most investors earn less than the rise of the markets they invest in.  The shortage is the behavior gap.

Part of Pi’s mission is to help overcome this Behavior Gap.

Spanning the Behavior Gap

Behavior gaps are among the biggest reasons why so many investors fail.  Human evolution makes fear the second most powerful motivator.  (Greed is the third.)  Fear creates investment losses due to behavior gaps.  Fear motivates us more strongly than desire. By nature investors are risk adverse, when they should embrace risk.

Warren Buffett highlighted that fighting fear is easier said than done when he said, “There is no comparison between fear and greed.  Fear is instant, pervasive and intense.  Greed is slower.  Fear hits.”

Pi is based on an investing reality that very few investment advisers ever cover.  Most investments fail because they lack comfort.

The course syllabus includes learning how to create investments we are comfortable with.

Know Thyself

Pi helps us examine what type of investor we are.   Learn how to create strategies, choose tactics and decide how much delegation to use.

Start with unique personalized strategies that are individual, unique and are based on:

#1:  Our interests.

#2:  Our knowledge.

#3:  Our income, capital and needs.

#4:   Our age.

#5:   Our performance  requirements, (accumulation,  income production or  inflation protection).

#6:   Our liquidity potential.

#7:   Our volatility capability.

Pi examines each of these investing foundations through the examination of a primary Pifolio.

Combine our needs and capabilities with the secrets and the math.

Pifolio – The Pi Model Portfolio

Lessons from Pi are based on the creation and management of a Primary Pi Model Portfolio, called the Pifolio.  There are no secrets about this portfolio except that it is based entirely on good math.

The Pifolio is a theoretical portfolio of MSCI Country Benchmark Index ETFs that cover all the good value markets using my (almost) 50 years of global experience and my study of the analysis of four mathematical investing geniuses (and friends): Michael Keppler, Eric Roseman, Thomas Fischer (for currency positions) and Richard Smith, PhD (for trailing stop alerts).

The Pifolio analysis begins with Keppler who continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each major stock market’s history.

Fwd: keppler

Michael is a brilliant mathematician.  We have tracked his analysis for over 20 years.   He continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each stock market’s history.  From this, he develops his Good Value Stock Market Strategy.  His analysis is rational, mathematical and does not cause worry about short term ups and downs.

In my opinion, Keppler is one of the best market statisticians in the world.  Numerous very large fund managers, such as State Street Global Advisers, use his analysis to manage over $2.5 billion of funds.

To invest according to the Country Selection Strategy, it is necessary to construct diversified, risk-controlled, representative country portfolios in every BUY rated country, weighting each country approximately equally in the overall portfolio.  It is not appropriate or enough to instruct a stockbroker to simply select stocks in the BUY rated countries.

To achieve this goal of diversification the Pifolio consists of Country Index ETFs.

Country Index ETFs are similar to an index mutual fund but are shares normally traded on a major stock exchange that tracks an index of shares in a specific country. ETFs do not try to beat the index they represent. The management is passive and tries to emulate the performance of the index.

A country ETF provides diversification into a basket of equities in the country covered.  The expense ratios for most ETFs are lower than those of the average mutual fund as well so such ETFs provide diversification and cost efficiency.

This is an easy, simple and effective approach to zeroing in on value because little management and guesswork is required.  You are investing in a diversified portfolio of good value indices.  A BUY rating for an index does NOT imply that any stock in that country is an attractive investment, so you do not have to pick and choose shares.  You can invest in the index which is like investing in all the shares in the index.  All you have to do is invest in an ETF that in turn invests passively in all the shares of the index.

Second, each month Pi reviews modified portfolios with specific good value, income producing equities selected by Eric Roseman of ENR Asset Management based on the mathematical good value income criteria such as:

#1:  Are the shares traded in a good value market?
#2:  Does the share trade at fair Price to Earnings and Price to Cash Flow ratios?
#3:  Does the share pay a good value dividend?
#4:  Does the share have a good value relative to its previous price?
#5:  Does the company have rising earnings?
#6:  Has the share price been rising?
#7:  Is the company’s management good and is their product or service line in a wave of the future?

Finally, we continually look at the Pifolio with a unique trailing stop system created by our friend, Dr. Richard Smith.  His Smart Trailing Stops 2.0 system alerts us to any of the shares which deviate from their good value status.

tradestops.com

Richard Smith received a PhD in Mathematical Systems Theory from New York State University, Binghamton, after completing his undergraduate degree at the University of California, Berkeley.  He has spent the last 10 years researching and developing algorithms and services that give individual investors the tools they need to remain in their personal investing comfort zone, and to succeed!

The original Primary Pifolio began with 70% diversified into Keppler’s January 2015, good value developed markets: Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom.

30% of the Pifolio was invested in Keppler’s January 2015, Good Value Emerging Markets: Brazil, Chile, China, Colombia, the Czech Republic, Hungary, Korea, Malaysia, Poland, Russia and Taiwan.

The Pifolio consists of iShares ETF that invested in each of the MSCI indicies of these markets.

For example the iShares MSCI Australia (symbol EWA) is a Country Index ETF that tracks the investment results the Morgan Stanley Capital Index MSCI Australia Index which is composed mainly of large cap and small cap stocks traded primarily on the Australian Stock Exchange mainly of companies in consumer staples, financials and materials. This ETF is non-diversified outside of Australia.

The roots of the iShares ETFs dates back to the year 2000 when the British based Barclays Bank made a major contribution to the ETF market and launched over 40 new funds with an extensive education and marketing effort behind them, branding them iShares.

2016 is the count down year of my 50th anniversary of talking and writing about savings and investments, so the course uses the “50 Golden Rules of Investing”.   The rules are the 50 best investing lessons I have accumulated from five decades of global travel, investing and business.  The stories mostly come from mistakes made, plus some decisions that reaped really rich rewards.

For example in the 1980s, a remarkable set of two economic circumstances helped anyone who spotted them become remarkably rich.  Some of my readers made enough to retire.  Others picked up 50% currency gains.  Then the cycle ended.  Warren Buffett explained the importance of this ending in a 1999 Fortune magazine interview.  He said:  Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!

I did well then, but always thought, “I should have invested more!”  Now those circumstances have come together and I am investing in them again.

The circumstances that created fortunes 30 years ago were an overvalued US market (compared to global markets) and an overvalued US dollar.

The two conditions are in place again!  There are currently ten good value non US developed markets,  plus 10 good value emerging markets.

Pi shows how to easily create a diversified, worry free portfolio that includes each or all of these countries with Country Index ETFs.

The current strength of the US dollar is a second remarkable similarity to 30 years ago.  The dollar rose along with Wall Street.  Profits came quickly over three years.  Then the dollar dropped like a stone, by 51%  in just two years.  A repeat of this pattern is growing and could create up to 50% extra profit if we start using strong dollars to accumulate good value stock market ETFs in other currencies.

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  There is so much more to write and the trends are so clear that I have created a short, but powerful report “Three Currency Patterns For 50% Profits or More.”  This report shows how to earn an extra 50% from currency shifts with even small investments.  I kept the report short and simple, but included links to 153 pages of Keppler Asset Stock Market and Asset Allocation Analysis so you can keep this as simple or as complex as you desire.

The report shows 20 good value investments and a really powerful tactic that allows you to accumulate these bargains now in large or even very small amounts (less than $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

Research shows that most people worry about having enough money if they live long enough.  This powerful profit wave can eliminate that concern.  My experience of the 17 years in the 1980s and 90s combined with the science shared by my four friends (Keppler, Roseman, Fischer and Smith) can make the next 17 years so rich, you’ll always be rich.

You can order this report Three Currency Patterns For 50% Profits or More” for $29.95.  Order the report here $29.95

Or you can have the report free when you subscribe to Pi.

Leverage

The 50 years of experience the Pi course shares also explains when leverage provides extra potential.   For example in 1986 I issued a report called The Silver Dip that showed how to borrow 12,000 British pounds (at almost 1.6 to 1 dollars per pound the loan created US$18,600) and use the loan to buy 3835 ounces of silver at around US$4.85 an ounce.

silver chart

Imagine investing in a spike like this… with leverage!

Silver had crashed, I mean really crashed from $48 per ounce.   As prices decreased from early 1983 into 1986, total supply had fallen to 449.7 million ounces in 1986.  Mine production was restricted by the low prices at this time, with silver reaching a low for this period of $4.85 in May 1986.  Secondary recovery also was constricted by these low prices.

Then silver’s price skyrocketed to over $11 an ounce within a year. The $18,600 loan was now worth $42,185.

The loan was in pounds and in May 1986 the dollar pound rate was 1.55 dollars per pound.  So the 12,000 pound loan purchased $18,600 of silver.  The pound then crashed to 1.40 dollars per silver.  The loan could be paid off for $13,285 immediately creating an extra $5,314 profit.  The profit grew to $47,499 in just a year.

Conditions for the silver dip have returned.  The availability of low cost loans and silver are at an all time low.

With investors watching global stock markets bounce up and down, many missed two really important profit generating events.

slv share chart

The price of silver has crashed all the way from nearly $50 an ounce to below $14 an ounce as did shares of the iShares Silver ETF (SLV).  (Click on chart from Google.com  (1) to enlarge.)

At the same time the silver gold ratio hit 80, a strong sign to invest in precious metals.

I prepared a special report “Silver Dip 2015” about a leveraged silver speculation that can increase the returns in a safe portfolio by as much as eight times.  The purpose of the report is to share long term lessons gained through 30 years of speculating and investing in precious metals.  While working on the report, when the gold silver ratio slipped to 80 and the price of silver dropped below $14 an ounce, I knew I needed to share this immediately.

I released a new report “Silver Dip 2015” so readers can take advantage of these conditions and leverage 1.6 times as a speculation.

The speculation is so time sensitive with such fast profit (but also loss) potential that I will only offer it shortly.

Order now by clicking here.  Email me The Silver Dip $27.

Or you can have The Silver Dip 2015 FREE when you subscribe to Pi.

Save $158.95

Subscribe to the first year of The Personal investing Course (Pi). The annual fee is $299, but to introduce you to this online, course that is based on real time investing, I am knocking $102 off the subscription.  Plus you receive the $29.95 report “Three Currency Patterns For 50% Profits or More” and the $27 report “The Silver Dip 2015” free for a total savings of $158.95.

Triple Guarantee

Enroll in Pi.   Get the first monthly issue of Pi, the first five “Golden Rules of Investing” and the report “Three Currency Patterns For 50% Profits or More” and “The Silver Dip 2015” right away.

#1:  I guarantee you’ll learn ideas about investing that are unique and can reduce stress as they help you enhance your profits through slow, worry free purposeful investing.

If you are not totally happy, simply let me know.

#2:  I guarantee to cancel your subscription and refund your subscription fee in full, no questions asked.

#3:  I guarantee you can keep the golden rules of investing and “Three Currency Patterns For 50% Profits or More” and “The Silver Dip 2105” report as my thanks for trying.

You have nothing to lose except the fear.  You have the ultimate form of financial security to gain.

Save $158.95.   Subscribe to the Pi for $197.

Gary