In a recent interview, my good friend Rick Rule said, "Every billionaire I know has been willing to take bets that were contrary to conventional wisdom at the time [and] that were highly risky."
Or, to speak with financial magnate Nathan Rothschild: "Buy when there's blood in the streets."
You don't have to look very hard for that bloody bet: Miningville's cobblestone streets are running red.
But it looks as if the tides are turning—so this may be your single best chance to get into the much-maligned precious metals sector and (literally) make a fortune within the next few years.
My name is Marin Katusa. I'm an early-stage investor myself, and aside from heading the Casey Energy team, for years I've been running the exclusive Casey investment funds. From my own experience in the field, I know that there aren't a lot of people out there with the intestinal fortitude to go against popular sentiment.
Tell your coworkers that you're investing in the gold market and they might deem you certifiable. Tell your family that you bought a junior miner and they'll call for an intervention.
But that's exactly how legendary resource investors like Rick Rule and Doug Casey have made their fortunes… and you can do the same.
To show you the vast opportunities in the current gold sector slump, and to encourage you to take that first step to life-changing gains, last year, Casey Research hosted a timely online event called "Downturn Millionaires—How to Make a Fortune in Beaten-Down Markets."
In it, Doug, Rick, Louis James, and several guest experts discussed the once-in-a-generation money-making potential of the downturn in gold, silver, and the precious metals stocks.
In the general carnage, these experts argued, even great companies with serially successful mine finders on their management teams… with plenty of cash in the till to finance their projects… and with proven, high-grade deposits in the ground… were getting hammered, together with the worthless shells.
- Their conclusion:
The steep correction of the last few years is presenting us with one of those rare opportunities that come along once, maybe twice in a lifetime—the opportunity to get in at the bottom of a bull market and ride it all the way to the top.
But there was still the question of timing.
WHEN would the gold sector's luck turn? WHEN would the market finally rise again?
That time may be here or just around the corner. Doug, Rick, and other top resource experts and investment pros are now detecting unmistakable signs that the tides are turning.
And it's time to get in, they say, before the opportunity for truly staggering gains is gone.
That's why we felt it necessary to produce a sequel to our "Downturn Millionaires" event, of which I'm happy to be the moderator.
We Are All Speculators Now
Thanks to the Federal Reserve's dogged policy to keep interest rates artificially low, making a decent return has become so hard that millions of former savers and income investors have poured into the stock market—and higher-risk investments—in a desperate hunt for yield.
At a time when traditional "safe haven" investments pay interest of 1% or less, investors who rely on stock market gains to cover part or all of their living expenses have become speculators out of necessity.
But how does one become a successful speculator?
Frankly, many try, but most end up having their heads handed to them. Because, as my friend and mentor Doug Casey has shown and written about many times, "rational speculation" is an art form few people are equipped to master.
It makes sense, though: if everyone could do it, everyone would be a billionaire.
To become a successful contrarian speculator, you need to do five things:
- Look for a hated, ignored, and undervalued asset class.
- Put 10% of your investible money into that asset class (NEVER bet the farm on these volatile investments, or take on that second mortgage!).
- Sit tight and wait until the asset class rises so much that every talking head on TV is recommending it… or, even better, until your barber is recommending it.
- Sell while the asset class rushes toward its peak.
Hated, ignored, and undervalued… gold fits the bill like few other assets right now.
But there are also distinct signs for a recovery of the gold sector—and you'll find out what exactly they are, and how to take advantage of the vast opportunity they present—in our free online event, "Upturn Millionaires."
9 Stocks with Real
A ten-bagger, in case you're not familiar with the term, is a 1,000% return on an investment—the rarest of wins and every analyst's dream.
I've had the good fortune to deliver a few of those "jackpot gains" to my subscribers, but they're most definitely not an everyday event.
However, with top-quality companies in the gold sector currently selling for 25%, 50%, or even greater discounts to their true values, those 1,000% jackpots are suddenly easier to bag.
Just recently, my colleague Louis James, head of Casey's Metals & Mining division, identified 9 stocks in his Casey International Speculator portfolio that are ready to soar once the gold sector turns around.
Nothing is certain in speculation, but these stocks are so undervalued now, and have so much value coming to the market soon, they have serious moonshot potential.
While I don't have time to talk about all of them here, I randomly picked three to give you a glimpse of the possibilities:
Ten-Bagger Pick #1
This company is one of Louis' all-time favorites because it's just doing everything right. In the past, it has brought International Speculator subscribers over 400% gains—and he thinks it can and will do it again once the gold market resumes its upward trend.
Led by a very capable father and son team, the company recently has delivered a world-class gold resource in a mining-friendly North American jurisdiction. And we anticipate even better news for the next resource estimate after the company conducted successful infill and step-out drilling in 2013 that both upgraded and expanded the deposit.
Louis' Ten-Bagger Pick #1 has plenty of cash in the kitty to develop its projects and its best-in-the-business management is unbeaten. A prime Ten-Bagger candidate if we've ever seen one.
Ten-Bagger Pick #2
This company was on Louis' 5-Bagger list last year; now it's on the 10-Bagger list because it's selling for roughly half the price—through no fault of its own.
Pick #2 has produced great drill results on its Eurasian project: exceptionally thick, high-grade gold, as well as substantial, silver-rich intercepts and a new bulk-grade, near-surface gold on the same property.
On top of that, the company has had recent, high-grade hits at its US project in mining-friendly Nevada, which point to a very large potential resource there as well.
This mining overachiever delivered the goods in 2013, and Louis expects the same in 2014 and beyond… and now is the best time to get in.
Ten-Bagger Pick #3
The risk associated with this company has decreased drastically since Louis' original recommendation, but the market hasn't given it any credit for that change and it's trading in the $0.60 range.
There have also been excellent drill results from the company's large, high-grade European gold project indicating that the deposit will get a lot larger.
Last year that country's stance on mining wasn't 100% clear, but now we know that the government is standing behind the project—a huge bonus for Ten-Bagger Pick #3, which should be trading higher as is, but is still held back by the overall poor performance of the gold market.
As soon as the market turns around, however, this stock should be well on its way to the stratosphere.
And Louis and I are by no means the only ones seeing the vast potential in the mining sector. There's no shortage of resource and investment experts—quite a few of them billionaires who made their wealth through contrarian plays just like this—who are willing to go out on a limb and predict an imminent turnaround for gold and gold stocks…
Meet Our Experts
Doug Casey Chairman, Casey Research
Doug Casey is a highly respected author, publisher, and professional speculator. Doug literally wrote the book on profiting from periods of economic turmoil: his book Crisis Investing spent multiple weeks as #1 on the New York Times best-seller list and became the best-selling financial book of 1980. He recently published two new books featuring his conversations with Louis James, Totally Incorrect and Right on the Money.
Doug has been several gold bull markets come and go, and he is legendary in natural resource circles for his unfailing instincts to accurately predict them. In a recent interview, he said, "This seems like the worst of times, but it's actually the best of times—if you have some cash, and if you have some courage—to put it into gold and gold mining stocks."
Rick Rule Founder and chairman, Sprott Global Resource Investments
In 1994, Rick founded Global Resource Investments, a company providing investment advice and brokerage services to high net worth individuals, institutional investors and corporate entities worldwide. Seventeen years later, Global was acquired by Sprott, Inc., a Canadian company that manages assets of more than $7 billion in the resource and commodity sectors.
Aside from Doug, Rick is one of my personal heroes. He's known as one of the most "street-smart" people in the natural resource sector, with nearly 40 years of experience. One of the secrets to becoming rich, says Rick, is that "you have to take risks. You have to see a situation that you think has outsized possibility of reward and you have to really, really, really swing for the fence." In "Upturn Millionaires," you'll hear why now is the time where you could lay the foundation for that home run.
Frank Giustra President/CEO, The Fiore Group, Founder Lionsgate Entertainment
Reading the bio of Frank Giustra, a legendary investor and philanthropist, it seems impossible that someone could squeeze that much entrepreneurship into one lifetime. What Frank is probably most famous for is his uncanny ability to enter and exit his investments in the mining and entertainment industries at just the right time.
Frank not only founded Lionsgate Entertainment and served as its chairman from 1997 to 2003—he was also instrumental in getting some of the most successful mining enterprises off the ground. Currently he's president and CEO of the Fiore Group.
John Mauldin Chairman, Mauldin Economics
John is a world-renowned economist, chairman of Mauldin Economics, and editor of one of the most widely distributed investment newsletters in the world, Thoughts from the Frontline, with over 1 million subscribers. He's also authored several books, including New York Times best-sellers Bull's Eye Investing, Just One Thing, and Endgame. His latest book, published in late 2013 and shaping up to be another hit, is called Code Red: How to Protect Your Savings from the Coming Crisis.
John's keen insights into economic and market conditions—domestically and global—have made him a sought-after guest on US financial media outlets and investment conferences for decades. John views gold as "central bank insurance" and says he's buying some every month: "I guess at the end of the day, I just don't trust the bastards."
Ross Beaty Founder and chairman, Pan American Silver Corp.
Ross is a serially successful mining industry entrepreneur and environmentalist. Most notably, he founded Pan American Silver, one of the world's largest primary silver producers, and Lumina Copper, a venture so profitable that it earned him the nickname "the broken slot machine." Through his nonprofit, the Sitka Foundation, Ross backs environmentally conscious organizations—among them UBC, the Pacific Salmon Foundation, and the David Suzuki Foundation.
Porter Stansberry Founder, Stansberry & Associates
I know Porter Stansberry quite well, and he is hands-down one of the most astute businessmen I know. Since he launched Stansberry's Investment Advisory, his firm's flagship newsletter, his string of accurate forecasts has made his advisory one of the most widely read in the world and has helped his readers protect their wealth as well as make extraordinary gains.
At S&A, Porter oversees over a dozen editors and analysts, who do an exhaustive amount of independent research to bring S&A subscribers safe and profitable investment ideas. He is also the host of Stansberry Radio, a weekly broadcast that has quickly become one of the most popular online financial radio shows.
Louis James Chief Metals & Mining Strategist, Casey Research
Louis is the senior editor of the Casey Investment Alert and Casey International Speculator. He learned the trade from Doug Casey himself and is now one of the most respected analysts in the resource sector. Among mining executives, he has a reputation of being independent, unbiased, and entirely incorruptible.
Unlike many armchair analysts in the business, Louis takes a boots-on-the-ground approach to investment guidance, traveling to far-flung places across the world, "kicking rocks and picking stocks," to bring the best opportunities to his subscribers.
Marin Katusa Chief Resource Investment Strategist, Casey Research
If you're subscribing to any of our energy publications, you probably know me as the senior editor of the Casey Energy Confidential, Casey Energy Report, and Casey Energy Dividends—or maybe you've seen me as a commentator on BNN and other TV business networks.
My main focus is on analyzing and investing in junior resource companies as well as early seed investments. Through my years in the business, I've established close relationships with many of the key players in the Canadian junior resource sector, always keeping one ear on the ground for interesting investment stories.
For "Upturn Millionaires," I'll be happy to serve as the moderator and interviewer.
Some of the most astute and seasoned resource investors and professional speculators I know say it's now time for investors to wake up and smell the coffee.
Is the long-lasting slump in the gold sector over?
Maybe not today and maybe not tomorrow—but these are market-makers with the instinct of bloodhounds. When they talk, you bet I'll listen… and you'd do well to do the same.
Make sure to attend our free video online event, "Upturn Millionaires," and our experts will tell you all you need to know to lay the foundation for life-changing gains.
Don't miss out on this unique, FREE online event with our all-star cast of experts—register now.