Welcome to this week’s mailbag edition of The Daily Cut.
Today, you’ll hear from our globetrotting geologist, Dave Forest, on how to find gold using NASA satellites.
You’ll also hear from world-renowned crypto investing expert Teeka Tiwari on one of the biggest misconceptions about the world’s most popular cryptocurrency, bitcoin.
But to kick off… I want to shine the spotlight for a moment on our resident tech expert here at Legacy Research, Jeff Brown.
It’s been a big week for Jeff… and his readers.
On Wednesday, he hosted his Timed Stocks Accelerated event.
More than 16,000 of your fellow readers attended. And judging by their response, it was a hit.
Jeff revealed how a special group of biotech stocks has been delivering crypto-like gains.
As he explained, he’s spent the last five years refining a strategy that maximizes the gains on offer in exactly this kind of market.
It times… often to the second… when these stocks will explode higher.
In his online event, Jeff referenced some of these “timed stocks” that soared 931%… 1,313%… and 1,526%.
One of these stocks leapt 84,900% higher – in a single day.
To find out how to get in on these kinds of gains, I (Chris) encourage you to check out the free replay of Jeff’s event here.
Now on to today’s set of reader questions… starting with one for Jeff. It’s about another tech trend he’s been tracking – the race among private companies to send people into space.
Reader question: What do you think about this space race, Jeff? Why don’t we invest or look for ways to invest in these companies?
– Fredrik H.
Jeff’s answer: Thanks for your question, Fredrik.
As somebody who studied aeronautical and astronautical engineering, I have a deep connection with the subject of space exploration. And as a private investor, I invested in an early stage company called Axiom Space. It’s building a “space hotel” for tourists.
As you likely know, I’ve been closely following the progress of space exploration companies such SpaceX, Blue Origin, and Virgin Galactic.
I recently profiled the success of SpaceX’s Falcon 9 reusable rocket launch. SpaceX is the company founded by Tesla CEO Elon Musk in 2002 with the mission of building spacecraft that will allow us to colonize Mars.
The Falcon 9 launch in May was the first time a private company launched astronauts into Earth’s orbit. Nineteen hours later, the Crew Dragon spacecraft docked with the International Space Station. This was beyond inspiring.
From here, the next step is to return to the Moon and establish a permanent lunar habitat. The Trump administration has already stated its goal of getting astronauts back to the lunar surface by 2024.
From there, it’s on to Mars and beyond…
Today, most kids want to be YouTube vloggers… or play video games and stream on Twitch… instead of becoming scientists, physicists, or engineers.
Interest in STEM (science, technology, engineering, and mathematics) studies is at all-time lows. If this goes on, it won’t end well.
This is a great time to have big, bold, ambitious goals that inspire the next generation of dreamers and technologists.
So to answer your question, yes. I’m looking for public space exploration companies to recommend to my readers. Almost all of the best companies are privately owned right now. But it’s only a matter of time before investors gain access. Watch this space…
Next up, a question for Legacy’s “rock hound” (geologist) and commodities investing expert, Dave Forest.
Dave heads up our International Speculator advisory. He’s recently given his readers the chance to lock in gains of 453%… 508%… and 653% on mining companies he’s recommended.
He’s also an expert prospector.
I found that out in person at our first annual Legacy Investment Summit in Bermuda in 2018. (We had to cancel this year’s event due to the coronavirus pandemic.)
I bumped into Dave at the hotel bar the night before the summit. He’d just come back from Brazil, where he bought rights to one of the highest-grade gold mines ever found.
But Dave wasn’t doing small talk. He was staring intensely at the Google Maps app on his phone. I asked him what he was looking for. He told me he was using satellite images of the Earth to hunt for ore deposits under the ground.
If you’ve used Google Maps, you know how crazy that sounds. And I have to admit, the details didn’t make a lot of sense to me. But Dave showed me the kind of lines and shading on the map that are telltale signs of ore deposits.
He told me how he’d found cobalt and nickel this way in Nevada. He “staked” the deposit. He went there with physical stakes and a camera to mark the area he’d spotted on the map.
Just 48 hours after claiming his stake legally in this way, he sold it for $370,000.
Dave uses this same technique – harnessing a satellite to find gold deposits from space – to help him pick miners worth investing in.
One reader wrote in with a question about unlocking the potential of his land. Naturally, we reached out to Dave for an answer…
Reader question: I have mineral rights to a property in Wyoming. How would a person go about finding out if there are profitable minerals there? Now there are four oil wells there. This property is in the Gillette, Wyoming, area.
– Scot S.
Dave’s answer: Hi, Scot. Exciting stuff! Prospecting like this is one of the most exciting parts of the mining business.
Due to U.S. regulations, I’m not allowed to give personal investment advice. But I can tell you what I’ve done on my own properties.
I have one gold project in Saskatchewan, Canada, where I actually used data from old oil wells to find gold. The past drillers had taken assays from the well and found a good gold zone. The records got buried in old files, which we dug up. Geologic agencies at the state or federal level often keep these kinds of records.
Surface work can be valuable. I have a new gold project in Nevada. Kinross Gold, a Canadian gold mining firm with billions of dollars of revenues, recently staked all the land around us. It’s shaping up into a hot play. And I found it all by walking around in the desert.
Turns out there are several old mines on the property – likely from the 1950s. Investigating those, I was able to find evidence of gold. I also took rock and soil samples from the site… and had them assayed at a local laboratory for gold and indicator elements such as mercury and arsenic.
I also use high-tech tools like my NASA gold satellite system. It’s a satellite imaging system that can pinpoint large, undiscovered – or unannounced – deposits of copper, gold, and other metals within the Earth’s crust. This provides a lot of information without the need to set foot on the project. There are consultants who will gather and interpret such data.
I hope your treasure hunting goes equally well!
Next, a question for Teeka Tiwari.
As regular readers will know, Teeka became the youngest-ever vice president at storied Wall Street firm Shearson Lehman when he was just 19 years old.
He later set up his own hedge fund… before finally leaving Wall Street and starting his own newsletter.
To my knowledge, he was the first guy in our industry to recommend individual cryptos in a major financial newsletter.
And his readers are glad he took the plunge.
Teeka first recommended bitcoin to readers of our Palm Beach Letter and Palm Beach Confidential advisories back in April 2016.
Since then, it’s up 2,036%.
As Teeka has been showing his readers, bitcoin’s setting up to be the single best-performing investment of the next decade. But not everyone is convinced…
Reader question: How is bitcoin so private? To create an account on a reputable exchange and make a purchase, you have to provide an exorbitant number of personal details including name, address, Social Security number, driver’s license number, and even photo identification.
I agree that the blockchain technology itself facilitates private transactions. But the exchange has a record of all of your transactions and seems able to trace all of your activity if called upon to do so by some authority. Where am I going wrong?
– David S.
Teeka’s answer: Hi, David. You’re not wrong. A lot of folks believe bitcoin is an anonymous payment network. But it’s actually the most transparent payment network in the world.
Bitcoin transactions are stored publicly and permanently on the bitcoin blockchain. That’s the shared digital ledger where all transactions are recorded. Anyone can look at the holdings or transactions associated with the cryptocurrency wallet app you use. And from there, it’s easy to find out your real-world identity.
Looking down the road for bitcoin, there are developments happening on the core code by way of a potential called Taproot/Schnorr. This will enhance privacy and scalability of the network by batching transactions together. The upgrade is in a proposal awaiting approval.
But keep in mind, bitcoin didn’t try to solve the problem of anonymous transactions. It set out to solve the problem of central control of money with its decentralized currency. And it’s done exactly that…
If you’re interested in cryptocurrencies that solve the problem of online payment privacy, there are plenty of “privacy coins” out there. One of them, Monero (XMR) is up 700% since I recommended it September 2016. It uses always-on privacy to obscure sending and receiving wallet addresses and transaction amounts.
We’ll wrap up today with a thank-you note from one of Teeka’s loyal readers…
Teeka, not enough of us say thank you for “pounding the table” on our behalf.
I was forced into retirement by chronic health issues. I have a meager pension and Social Security that amounts to $900 a month. My wife had to go back into the workforce after raising and sending off our eight children. I didn’t feel much like a man after 35 years of being the chief breadwinner of the family.
Looking for a way to supplement our income, I stumbled on you and Jeff Brown and eventually became part of the whole Legacy family. Teeka, thanks to your wisdom and prodding, I invested in stocks and crypto, and my portfolio is now up 25% in just six months!
I am VERY grateful to you, Teeka. So when you read the next critical email that comes to you, please think of me and what you have done to change my life and that of my family. Many, many thanks.
– Dennis R.
Does bitcoin’s lack of anonymity bother you? Has our team of experts here at Legacy helped move the needle on your wealth?
Write and let us know at [email protected].
July 17, 2020