Gold HAS JUST surged to a new record high against the Chinese Yuan. The case for owning this UNIQUE commodity is SHINING in the face of the worst economic crisis the world has ever known. It has FEW commercial uses, but has a PRICELESS use-case as money outside of the national currency system.

Forget what you’re seeing with your own eyes in the markets; the problems are real and hundreds of millions of people are FEELING THEM, right in the gut.

Buying conditions for the average American GOT OBLITERATED and the majority of the population just wants to RENT, not own. Americans are afraid of taking on risks and I don’t expect that to change soon.

Courtesy: Zerohedge.com

In 1983, the last time that consumers FELT THIS BAD, America was still rich. It was a creditor nation. It was the only powerhouse. It was a beacon of light for the rest of the world. It still had a robust middle class and the baby boomers were just HITTING peak earning years, so the future was bright.

This is like NIGHT AND DAY, compared with today. Most Americans have little to no savings, zero assets to speak of and 20% of working-class demographics are JOBLESS, due to the shutdown.

60% of America’s wealth is tied to baby boomers, while only 3% of it is with millennials, who are SUPPOSED to fuel future growth.

The point is that there’s NO RECOVERY in sight, even if the stock market is priced like nothing PROBLEMATIC is happening.

We are covered either way. If the economy goes BELLY-UP, the hedge that precious metals offer is THE BEST, even according to Wall Street legends. If stocks collapse again, perhaps even to the March lows, we have a FULL SHOPPING LIST that we just published, after joining forces with some of the savviest investors in the business. CHECK IT OUT HERE!

I don’t pretend to know the future. Instead, I diversify and wait for the VALUE to present itself to me. When it does, the dry powder that I keep (anywhere from 20% to 40% in cash and cash equivalents) allows me to JUMP IN.

Right now, nearly every person I speak with is bullish on OIL. I take that to mean there’s a clear bias toward believing in a QUICK FIX.

That’s NOT how I see it.

Courtesy: Zerohedge.com

There’s a real BLIND SPOT when it comes to the size of this bailout. Not all bailouts are alike, as you can see. This one is RADICALLY bigger than anything we’ve ever seen.

Oil is not the type of industry that can be fixed easily.

Our view is that it will take a FULL YEAR to process the glut.

It’s NOT AN EXAGGERATION to say that shale oil in America is on its DEATH BED.

This is the reason that I created the SHOPPING LIST.

We might get an opportunity to capitalize on this, as we should.

No one ESCAPES the clutches of a depression, but some come out of it STRONGER THAN EVER.

This ought to be your goal with this, as hundreds of millions are currently under duress. They need solutions to their most pressing issues, namely (1) how to save more money or (2) how to create an income stream, in the first place. They need solutions for their children, for their entertainment needs and for their nutritional requirements. They need creative HOUSING solutions, skill creation motivation and, most of all, they need hope and leadership.

A new generation of businesses will spring from Covid-19; find your place in this NEW UNIVERSE of enterprise.

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