Account Information

  • My Account

    Manage all your subscriptions, update your address, email preferences and change your password.

  • Help Center

    Get answers to common service questions, ask the analyst or contact our customer service department.

  • My Stock Talk Profile

    Update your stock talk name and/or picture.


Get rich from the world’s most BORING stocks

Get rich from the world's most BORING stocksWhen you buy these dependable Steady Eddies, you’ll see why “boring is beautiful.” You’ll fall in love with the 39 “stodgy” stocks currently in my portfolio… because they’ve racked up an average gain of 455%. That’s enough to turn $10,000 into a staggering $55,500! These “yawners” can slam the door on your money worries. Click here to get started now.


How to Prepare for Economic War

By Stephen Leeb on August 25, 2017

These days, almost every major news story offers more evidence the world is moving to a new monetary system based on gold.

On its face, the latest example comes from an unlikely place: last week’s firing of White House adviser Steve Bannon.

Bannon’s sudden departure came on the heels of his remarkably incautious interview with Robert Kuttner in the liberal political journal The American Prospect.

Part of the interview highlighted Bannon’s hard-line view of China.

“We’re at economic war with China … We have to be maniacally focused on that,” Bannon observed.

“If we continue to lose it … we’re five years away, I think 10 years at most, from hitting an inflection point from which we’ll never be able to recover,” he concluded.

Whatever you think of Bannon, he’s on the right track about China. But he’s gotten the time frame wrong.

It won’t take five years to reach that inflection point. In fact, we’re actually going through such an inflection point.

And China’s continued ascendancy will inevitably lead to a gold-centered reserve system.

Indeed, this change may be closer at hand than most realize. That’s because of the exponential rise in the use of cryptocurrencies around the world, especially bitcoin.

The rapid adoption of bitcoin, including in the U.S., could pave the way for a new bitcoin/gold-based monetary system that easily gains wide acceptance.

Near-Total Control

China has been extremely shrewd in dealing with the cryptocurrency phenomenon.

A year ago, China absolutely dominated trading in the bitcoin market, with an 80% share. However, now that bitcoin has gone global, China’s share of trading has fallen to just 16%.

But China continues to monopolize an area that’s far more important than trading: the so-called mining, or creation, of bitcoin.

According to Jordan Tuwiner, a leading bitcoin trader, China controls more than 70% of bitcoin mining. By contrast, the U.S. controls only about 1%.

Bitcoin mining is essentially an incredibly intensive form of code-cracking. And it requires running powerful computers around the clock to crack the code.

Naturally, this effort consumes enormous amounts of electricity.

But China has a huge edge on other countries thanks to its outsize hydropower capacity. This makes it one of the world’s lowest-cost producers of electricity.

Once you build hydropower infrastructure, the electricity it generates is virtually free. Simply by situating massive computer centers close to hydropower sources, China can run them at almost no cost.

With its dominance of bitcoin, China is well positioned to initiate a new reserve currency.

And if China backs the cryptocurrency with gold, which the country has been amassing, then you’ll have a monetary system the world will be more than willing to accept.

Black Gold

What might compel China to make such moves? The country’s insatiable demand for oil.

All the evidence suggests global demand for oil is on the verge of outstripping supply. In addition to record demand in the East, U.S. demand for oil this summer has been the greatest of any summer since the early part of the century.

Right now, oil trading around the world is still priced in U.S. dollars. But if China were to establish and control an Eastern oil benchmark, then that could prompt a shift away from the greenback.

For now, we don’t expect China to do anything until after its national party congress concludes this fall.

The country might even wait until after the start of 2018.

But change is coming.

I don’t expect gold to break out just yet—traders are probably waiting for more clarity on some of the events I’ve just described.

But if gold does not decisively penetrate $1,300 per ounce here, don’t feel bad. Just buy more.

You might also enjoy…


R.I.P Bull Market—Here’s How To Protect Your Wealth

I hope you’ve enjoyed the phenomenal bull market of the past eight years…

Because it’s about to come to a screeching halt.

The Federal Reserve’s nearly decade-long spending spree has finally come to an end.

With no other options left at their disposal, the Fed has no other choice than to raise interest rates to keep inflation in check.

And that leaves you with two options…

Do nothing and suffer the agony of watching the profits you’ve accumulated over the years evaporate right before your eyes…

Or reposition your portfolio and invest in companies which prosper as inflation rises and interest rates soar.

I think the choice is clear. And I’ll show you the best new positions you can take if you click here.

Stock Talk — Post a comment Comment Guidelines

Our Stock Talk section is reserved for productive dialogue pertaining to the content and portfolio recommendations of this service. We reserve the right to remove any comments we feel do not benefit other readers. If you have a general investment comment not related to this article, please post to our Stock Talk page. If you have a personal question about your subscription or need technical help, please contact our customer service team. And if you have any success stories to share with our analysts, they’re always happy to hear them. Note that we may use your kind words in our promotional materials. Thank you.

You must be logged in to post to Stock Talk OR create an account.

Create a new Investing Daily account

  • - OR -

* Investing Daily will use any information you provide in a manner consistent with our Privacy Policy. Your email address is used for account verification and will remain private.

Stock Talk

  1. avatar
    Ernest Wagner Reply August 26, 2017 at 1:02 PM EDT

    I like good gold mining stocks & funds. I am sorry to see you advising purchase of First Eagle Gold & posted a comment. I think highly of Canada’s gold miners. You never mention AEM, which is a leader even better than ABX, which you list in the Growth Portfolio. The AEM stock is a top Options stock & has passed ABX. The SPDR Gold Shares & the Tocqueville Fund are gold all around gold investments, But AEM is a real winner. I feel the American oil dollar change is very serious & it was almost replaced in March & October of 2016. You should mention what would take place with all imported items if the US Oil Dollar is replaced by China.