Brad’s Note: Today, we’re sharing a story from the latest investing expert to join our publishing business, Chris Weber.
Chris is an investing prodigy. And as he’ll share, his wealth-building story is an extraordinary one, starting when he was just 16.
Today, he’s built an eight-figure net worth… And now, he’s ready to share his research with our readers.
On Monday, October 16, at 11 a.m. ET., he’ll discuss the next financial shift he believes will hit America in March 2024… And the best way he’s uncovered to prepare.
So be sure to register for his event with one click right here. Then read below for more from Chris…
By Chris Weber, Editor, The Weber Report
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You probably don’t know me.
But what I’m about to tell you could change the way you see the markets in the months ahead…
And help you attain a level of financial freedom that you never thought possible.
My name is Chris Weber. And the first and last time I worked a “normal” job, I was 16 years old.
That was the year I made my first trade – with $600 I had saved working a paper route.
It was also the year President Nixon ended the gold-based money system.
Worried about threats from the French to cash in the dollars they’d been earning from trade with the U.S… Nixon reneged on the government’s promise to convert dollars to gold at a fixed rate of $35 an ounce.
Between 1944 and 1971, the dollar was backed by gold. And other countries pegged the value of their currencies to the dollar.
I reasoned that without its gold backing, the dollar would fall against the Swiss franc and other sounder currencies. I also reasoned that gold would go up since it was no longer held by law at a price of $35 an ounce.
So, I bought overseas currencies with the savings I made from my paper route. I also bought gold.
It was technically illegal to own gold for American citizens at the time. But you could get around that ban by buying rare gold coins.
I found a way to buy old British Sovereigns, which were made of 22-carat gold. And I bought them “on margin.” I could “own” a $12 gold coin for just $3. This allowed me to control four of these rare gold coins for the price of one.
Two years later, gold was at $207. And thanks to the leverage I used, I made 10,000% on my money and became independently wealthy.
This made me free to follow my passion for investing. So I chose to work at a newsletter my father subscribed to.
And it was the start of a series of fortune-making market calls that have allowed me to live a life of freedom… around the world… on my own terms.
String of Wins
My second big win came in November 1978. I thought that the dollar had fallen too far. So I backed a rising dollar. And it was perfect timing.
The U.S. Dollar Index – which measures the strength of the dollar versus its trading partners’ currencies – bottomed that month. And I made 1,000% on that bullish dollar trade.
Then in January 1980, I put my money into Treasury bonds.
At the time, you could earn 11% a year on the 30-year Treasury bond. This was at the peak of the inflationary cycle that got underway in the 1970s.
By 1980, the annual inflation rate topped 13%. So most folks at the time weren’t interested in an 11% yield.
But I was betting on the inflationary trend ending. I loaded up on bonds. And again, my timing was spot on.
Inflation peaked in 1980 and was as low as 1.9% by 1986. This allowed me to live off the income from my bonds through most of the 1980s.
In the 1990s, I turned my focus to infrastructure stocks after an investment scouting trip to Southeast Asia. And by 1995, at the age of 40, I made enough money to retire.
But I loved the challenge of beating the market so much I couldn’t stay retired for long.
And in 2001, I got back into gold again. It had been in a bear market for more than 20 years. I believed it had gone as low as it was going to go. So I went back into gold. And this bagged me a 600% return.
But the call I’m most proud of went out to my subscribers on November 17, 2007.
I told them to get out of the stock market because it was going to fall apart. And sure enough, in 2008, it did.
The profitable calls I have made since then are too numerous to list here. But the most recent – a trade on rising interest rates I shared with my subscribers in March 2021 – is up 41.3%. And it was up 27% in 2022, a year in which stock market investors got hosed.
The Lesson
I’m not telling you all this to brag. I’m telling you because we’re at the start of the next big shift in the markets. And if you make the right moves, you too could attain the level of financial freedom I have enjoyed for decades.
I wish people would learn to zig when the markets zag… buy when prices are down and sell or lighten up when everyone wants in.
Because you can only do well in the markets if you minimize your losers. And I have a system that is the best in the business at doing that.
I’m a very private person… but on Monday, October 16 at 11 a.m. ET, I’ve agreed to be interviewed because I believe the next big money-making date in my investing career is coming up.
And that’s March 31, 2024. I believe we’re at a start of a huge monetary shift. If you make the right moves, you can make hundreds or thousands of percent on your money.
But if you don’t act… inflation and interest rates will continue eating away your money until you have nothing.
I believe it’s my duty to prevent that. So please join me on Monday, October 16 at 11 a.m. ET by going right here.
Regards,
Chris Weber
Editor, Rogue Economics