“Never underestimate the size of a panic, nor the power of the politician.” — Sir Harry D. Schultz (“Maxims of Wall Street,” p. 111)
“A forecast is never so useful as when it warns man of a crisis.” — Bertrand de Jouvenal (p. 110)
Rates Rise, Dollar Falls, Gold Hits Record
Despite the government having to pay higher interest rates on their debt, the dollar continues to fall to its lowest level since 2022, and gold has spiked to it over $3,200 an ounce, a record.
This chart is scary. See how the dollar and bond markets are moving in different directions for the first time (look to the right of the chart):
“This is different,” Jamie Dimon, chief executive of the country’s biggest bank, said when asked how he compared this moment to past downturns. “It’s a significant change we’ve never seen in our lives.”
Larry Fink, the head of Blackrock, the world’s biggest asset manager, said: “In the short run, we have an economy that is at risk.”
“Wake up, people” Andrew Brenner, a veteran bond trader and head of international fixed income at National Alliance Securities, wrote in a brief email. “This is foreign money exiting the Treasury market due to tariff policies.”
And the selloff in the dollar is accelerating, causing gold to hit new highs.
There’s Money to be Made — in Gold!
The Yellow Metal has turned out to be the best investment in 2025, and my favorite mining stock in my newsletter, Forecasts & Strategies, is up 67% this year.
Gold is now approaching $3,500 an ounce — meaning that it will be worth 100 times more than when it was fixed at $35 an ounce back in 1971!
I’ve added four other mining stocks to my short-term trading services, all of which are up sharply, and my call options have doubled and tripled. For more information, go to www.markskousen.com, or call Grant at Eagle Publishing at 1-800-211-7661.
Entering a New ‘Golden Era’
A few months ago, the newly elected president, Donald Trump, said we would be entering a new “Golden Era.” I don’t think he had gold in mind, since gold is a hedge against inflation and crises.
In January, I wrote: “What’s fueling gold? Inflation fears, geopolitical tensions, a declining dollar and the fear of a ‘black swan’ event during the unpredictable Donald Trump’s second presidency.”
I added this prediction: “Stocks are priced to perfection and could crash at any time (like Nvidia on Monday). But gold continues to move higher.”
Indeed, the “black swan” event is here and it’s tarrif-ying!
Is it too late to get into gold? I believe the turmoil will continue in the White House. The first year of a new presidential term is always the most dangerous and high risk, so keep buying the precious metals as a hedge in your portfolio.
Announcing a Special Event in the ‘Golden State’
And speaking of gold, we are holding our Global Economic Summit at FreedomFest for the first time in the “Golden State” of California.
FreedomFest Has The Answer!
What to do?
The Global Economic Summit and three-day Investment Conference at FreedomFest is your ticket to THE ANSWER you’ve been seeking: What should YOU do to survive and prosper during the turbulent Trump Era?
On June 11-14 in Palm Springs, California, we are gathering the world’s best geo-political experts to unravel the secrets of Donald Trump’s mind and help you make the right decisions in business and in your investment portfolio.
Steve Forbes, Editor-in-Chief of Forbes.com and co-ambassador of FreedomFest, will be onsite the entire time, and will speak on “Can manufacturing Really Come Back to America? Did We Benefit or Lose from Globalization and Free Trade?”
He states, “FreedomFest is the best place in the world to find out what is going on in the world, and what you can do about. I wouldn’t miss it for the world.”
Economist and political observer John Fund, long-time writer for both the Wall Street Journal and National Review, has known Donald Trump for 30 years. He will tell you what’s really going on in the White House, the fights between Elon Musk and Peter Navarro and more.
John comes to FreedomFest every year because, as he says, “FreedomFest doesn’t just ride the wave, it invents it.”
Legendary mega-investor Jim Rogers is coming from Singapore to share details about China’s determined fight to beat Trump at his own game. It’s the fourth time he’s made the trip!
Rob Arnott, who manages billions for major Wall Street institutions, comes almost every year, despite his busy schedule. He will give you the inside scoop about what private equity and hedge funds are doing to profit from the Trump tariffs.
Arnott says Americans are reading the wrong book to figure out Trump. Instead of “The Art of the Deal,” you should be reading Sun Tzu’s “The Art of War”! At FreedomFest, Arnott will reveal the four sections of Lao Tzu’s classic that Trump is using to overcome his enemies. (One is to deliberately confuse them by changing his mind all the time.)
You will also hear from foreign experts, including Barbara Kolm, former Vice President of the Central Bank of Austria, and Rainer Zitelmann, a top German historian and author of “The Power of Capitalism.” Zitelmann is also the host of our timely Anthem movie, “Vietnam: Beating Poverty with Market Economy.”
I’ll also be moderating a major debate on “Is the National Debt and Deficit a Threat to the Republic?” between Alex Green and Rob Arnott (“Yes!”) and Art Laffer and John Tamny (“No!”).
Don’t Miss Our Three-Day Investment Conference
Our three-day Global Financial Conference is the most important investment event of the year. Our top financial speakers can make a difference in your portfolio and your peace of mind.
Two of Our Top Financial Gurus Avoided the Bear Market
Mike Turner, CEO of Turner Capital Investments, will reveal his rule-based system that capitalizes during both bull and bear markets. His program kept his clients out of the Trump-induced meltdown on Wall Street, and has even made money as the stock market fell. What is he recommending now?
The Eagle Publishing team will be there, including Jim Woods, a 25-year veteran and author of “Successful Investing.” On March 7, his formula executed his “safety switch” and avoided the bloodbath on Wall Street. When will he get back into the market? (But he is into gold!)
In addition, the Eagle team includes estate planning specialist Dave Phillips, tech gurus George Gilder and Richard Vigilante and Hugh Grossman and Jon Johnson, who run the popular DayTradeSPY’s Trading Room.
Alex Green, the veteran chief financial officer of the Oxford Club, will speak on his new book “The American Dream: Why It’s Still Alive and How to Achieve it,” followed by an autograph session.
Several years ago, he debated a critic who said the American Dream was dead. Alex rejected his doomsday thesis and won 100% of the attendees’ votes, an unprecedented achievement in FreedomFest history.
Special Announcement: It’s Been 15 Years Since This Prophetic Speaker Has Appeared Publicly…
Rick Maybury, publisher of the highly respected U.S. & World Early Warning Report and author of “Uncle Eric” financial books, has thousands of devoted followers. Van Simmons, my favorite coin dealer and a regular at FreedomFest, tells me that 50 of his wealthiest clients read Maybury’s Early Warning Report religiously.
His most famous book is “Whatever Happened to Penny Candy?” It reveals the #1 threat to your wealth today: Inflation and the depreciating dollar. It’s gotten so bad that the government is considering eliminating the penny from circulation.
Rick has not spoken publicly in 15 years. Good news: He is breaking his silence at this year’s FreedomFest! You won’t want to miss the opportunity to hear the “early warnings” he sees today.
Finally, I’ll be giving an important message for all investors entitled “The Lazy Man’s Way to Riches: My Five Favorite ‘Buy and Hold’ Stocks that Beat the Market in the Long Term.” These five investments have consistently beat the market while cushioning the fall during bear markets.
And yes, one of my top investments is gold and mining stocks.
I’m also doing a Saturday breakfast talk (June 14) on “Amazing Graphs: 10 Shocking Charts for Investors and All Americans.” It’s selling out fast.
Finally, don’t forget our keynote speakers, Fox News’s Kat Timpf… podcaster Adam Carolla… and motivational speaker and stoic Ryan Holiday. (Investors may need his advice this year!)
Kat Timpf has just released this cool video about her appearance at FreedomFest. Watch it here.
Register Now and Save $150 Off the Retail Price
FreedomFest is less than two months away! I urge you to sign up now and join us to learn, network, and celebrate liberty. To register, go to www.freedomfest.com, or call Hayley at 1-855-850-3733, ext 202. Use code FreedomKAT to get $150 off the retail price. Good until the end of this month!
Be sure to take advantage of our room block at the Renaissance Hotel next to the Palm Springs Convention Center. It is selling out.
See you in Palm Springs!
Yours for peace, prosperity, and liberty, AEIOU,
Mark Skousen
This is a clear violation of the benefit principle of economics, and why I oppose the progressive income tax. There’s no way that the US government provided benefits equal to nearly $2 million of the $4.2 million prize money. This amounts to confiscation of one’s property rather than the cost of government to provide defense, justice, police, etc., at the 4 day event. That’s why I favor a low flat tax…really it should not exceed 10% for federal benefits, and maybe 2-3% for state and local government benefits.
