The Gold Report

Source: Maurice Jackson for Streetwise Reports 03/01/2020 Proven and Probable’s Maurice Jackson and Sprott USA financial advisor Tekoa Da Silva discuss the common mistakes investors make in securing private placements. Maurice Jackson: This is one interview in a special four-part series entitled All About Private Placements. Joining us for conversation is Tekoa Da Silva. He is an accomplished licensed financial advisor for Sprott USA, the preeminent name in the natural resource base. Full disclosure, the following is not a Sprott USA-endorsed product, and it is for educational purposes only. Tekoa, what are the most common mistakes you see when people buy private placements? Tekoa Da Silva: Boy, what a wonderful question. The first one that comes to mind is buying a private placement when an individual’s legally, technically, not qualified to be able to do so. What comes to mind is a young man that I spoke with once who was looking for someone to assist him with depositing his private placement securities. There is contract that you have to complete in order to buy the private placement. We discussed his net worth and I found that he was not an accredited investor. And I asked him how he was able to buy those securities not being an accredited investor, because the issuers, at least from a North American context—these natural resource mining share companies—in most instances [have] to verify in the subscription agreement there. The issuing company asks you to check off all the boxes indicating that you’re an … Continue reading →

Source: Bob Moriarty for Streetwise Reports 03/01/2020 Bob Moriarty of 321gold discusses a company he sees as a safe haven amid economic chaos. Last week provided a glimpse into the future of the stock market. Only a glimpse. It is going to get a whole lot worse. On January 1, I said in an article I titled Beware the Stock Market, “As the Everything Bubble pops, the financial system will destroy most investors because they are unprepared.” Lest my readers misconstrue what I meant, I followed that up with another article on January 27 where I repeated, “Now would be a great time to be prepared for a disaster bigger than any in history.” The two biggest measures of metals stocks would be the XAU and HUI. Both peaked on the 24th of February and began to tumble. I wrote another piece a couple of days later and said, “The Greatest Depression is going to have negative effects on everyone. No one will escape entirely no matter how well prepared you are.” When the metals shares fell out of bed I got fifty emails essentially asking why I hadn’t warned my readers. Sigh!! One of the smartest people I follow thinks the stock market is going to drop by 50%. I like David Collum a lot but this time he’s dead wrong. Another very bright financial investor named John Hussman believes not only that the Fed is powerless, he says the stock market is going to collapse by 67%. Both … Continue reading →