(I began publishing my monthly newsletter The Bob Livingston Letter™ in 1969. The following is an excerpt from the June 2002 issue in which I advised readers to buy gold and gold stocks and get in on the bull market in gold. Over the next 10 years, gold gained an incredible 500 percent before its price was manipulated down over recent months. The gold stocks I recommended brought incredible returns.)
Gold is in phase one of a new bull market. Few people know it. The public won’t know it until phase three, after the dollar price of gold and gold stocks have skyrocketed.
If you have big losses in the big market now, switch to the gold market. Any broker or discount broker like TD Waterhouse can buy and sell gold stocks. You may have a chance to recoup your losses and accumulate generous profits by phase three of the gold bull which will be two to three years out.
Gold is a crisis metal and we have plenty of financial crises waiting in the wings.
Many gold stocks have already doubled this year. The total gold market including all the mines is no bigger than Walt Disney Company. If just a few people (only 1%) buy into the gold market, it will explode upward.
I remind you that at this point, public sentiment, stockbrokers, the government and the big banks are heavy against gold. You will have to go against this, but huge profits await in the coming months. If you want to be a financial success, you never go with the public, but just the opposite. Most people cannot do this.
Bull markets always begin with great doubt and uncertainty. This one is certainly no exception and only a very few people believe that this time it’s real after a 22 year bear (down) market.
But many people have tripled their money since we started recommending the gold stock Franco Nevada (now Newmont Mining) about 30 months ago. No, it’s not too late as this is only phase one of this market.