There’s never a good time to take a breather when you’re running a small business. There’s always something that needs your attention…
Right now, with the war in Iran unearthing inflation concerns, gold and silver seem to be poised for something big – silver especially has been starting to soar again…
It’s up 17% in just the past week:
And Pierre Lassonde (the godfather of gold investing) just did an interview with Kitco where he said gold could go to $17,250 thanks to the looming $40 trillion US debt crisis.
From Kitco:
“Lassonde noted that China has successfully created a parallel payment infrastructure to bypass U.S. economic sanctions, a system he stated is growing by “50, 100%… every six months.” “Gold, 90% of the time is a commodity, but 10% of the time it’s the currency of last resort,” Lassonde explained. “When the dollar doesn’t perform its role as currency of last resort, guess what? Gold takes its place, and that’s what’s happening right now.””
I just released an investment brief all about this currency war and gold’s role – you can read it here.
I could spend the next week writing about Lassonde’s interview and what it could mean for our positions…
But before the summer comes along and we all get too busy, I decided to take my employees for a company retreat to Disney World this week – starting today. (We will not be publishing Golden Opportunity this Friday, but we’ll be back on Monday.)
Even if you’ve been following my work for the past few years, it’s probably impossible to tell that I started as basically a one-man show who almost immediately realized I needed help with the day-to-day…
Writing the reports, doing the analysis, crunching the numbers, meeting with miners – that’s what I would prefer to spend my time doing (when I’m not with my family).
But there’s a lot more going on behind the scenes: managing emails, the website, marketing campaigns, customer service, graphic design, editing, proofreading, dealing with the dozens of little nuts and bolts that inevitably need tightening or loosening – I’ve hired a half dozen people from around the U.S. to help make the rest of the business operate smoothly.
And they really have. We’ve been running smoothly, and I’ve had more time to focus on my bread and butter: analyzing precious metals companies.
As evidenced by my audited portfolio results, we’re doing very well:
Outside of a few of the cheeky images I put into this e-letter, I’ve also shied away from using Artificial Intelligence. All of the free and paid content you see is typed by human hands. You might be able to tell by the number of typos we create…
So we’re headed to Disney with one wrinkle that might sound absurd:
I’ve never met some of these people in person. They’ve never met each other, either! We chat every day on Slack or on the phone, but we’ve never met face to face.
Now we’re all going to be getting the team together at Disney, with our spouses and a big gang of kids ranging from ages 2 to 15, so you know there’s going to be a lot of fun to be had.
I’m also taking some of these folks golfing at Bay Hill (of PGA Tour fame, and Arnold Palmer’s private course). Yes, we are bringing a lot of golf balls…
But I’m hoping we’ll get to know each other a little better, and have some fun as a team.
We’ll be back on Monday, fresh (if jet lagged) with more gold analysis.
Have a great week.
Best,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio
