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Gold Investment Letter Comments:

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ThSeeker Member Level  Monday, 06/24/19 03:53:52 PM
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Gold Investment Letter Comments:

Good Afternoon,

Most of you reading this will become perpetually vexed by not acting on Bitcoin earlier. The issue won't escape you outside of my coverage because the cocktail fodder hasn't even started yet! When will that kick in at the country club? Probably somewhere around $50k-100k per BTC and certainly beyond.

In any event, if you simply are uncomfortable with change in general or learning how to buy crypto specifically, but want some exposure, Galaxy Digital Holdings (GLXY/BRPHF) is a stock that you may want to consider. And by consider, I mean consider it NOW, because I think the low $2's CDN are going to be long gone very soon and this stock will not look back once it really goes.

Mike Novogratz was a traditional Wall Streeter with Fortress before branching out big into crypto early on. He's now a billionaire and wants to turn GLXY into the Goldman Sachs of crypto, which he's in the lead so far to do. But there is enormous potential in just piggy backing into their deal flow on the venture capital side of blockchain/crypto deals. They see the best deal flow and have stakes in some of the most exciting companies in the space, hands down.

I see it as the one must own crypto/blockchain stock in the market right now. I pounded the table near $1 CDN in premium last November/December so many of us are locked/loaded cheaply. However, I've continued to encourage buying up to the low $2's, which is where we are now. The company actually raised $350 million at $5 per share during the last bubble in late 2017/early 2018!

So legacy investors are still cut in half here. But many of their investments are recovering big time now that Bitcoin is CLEARLY back in a roaring bull market, which will pull many coins/tokens up alongside it. Check out GLXY under $2.50 as a bet on the future of money and technology!

Lastly, I'm absolutely hoping BTC cools off soon and has a sharp pullback, creating a new buying opportunity. But I'm not so sure we'll see it just yet, since we just broke $10k this past weekend, creating fresh FOMO. The biggest risk in BTC is not owning any in my opinion. There are so many people waiting for a pull back to buy it that I think the retracements will continue to disappoint in severity, or be so quick that most will simply miss the chance.

There is no question that when investors look at a globe drowning in debt with negative interests rates as the new norm soon, they will seek places to protect their capital outside of the fiat system at large. Bitcoin, gold, silver, and mining stocks will be massive beneficiaries of what's coming!

This isn't a prediction but my attitude about GLXY currently is that I won't loosen any up until it's trading between $20-50 per share. So, I'm not in this for a double....I'm in it to win it or bust! I've always said BTC/crypto will produce a binary outcome. Meaning, worthlessness or something like 20x-50x-100x-500x higher value than today. The risk/reward in this sector is incredible, like nothing I've ever seen before.

Eric Muschinski
Gold Investment Letter

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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