Chief Investment Strategist, The Freeport Society
Senior Managing Editor’s Note: Charles has this uncanny skill. He sees things coming that most mainstream media don’t. They’re too busy pushing their own agendas to stop and pay attention to the warning signs. Charles warned back in November already that Joe Biden wouldn’t be on the ballot come Election Day. Earlier this year, he warned that markets were delusional in their bet that the Fed would begin rate cuts in May. Now, he sees a massive election shock ahead… and frankly, it’s scary. He explains it all in an urgent presentation that just went live this morning. I recommend you watch it immediately.
So, that happened.
It appears that Donald Trump’s entourage got into an actual fistfight with the caretakers of Arlington National Cemetery over a campaign photo op gone wrong.
It was probably just a misunderstanding that spiraled out of control.
These are tense times, after all.
All the same, it’s not the best image for anyone involved. We’ll just call it another day in 2024’s pre-election paradise.
Perhaps the most shocking thing about a barroom brawl in a cemetery for war heroes is that it’s not actually shocking at this point. It’s just more shouting that gets drowned out in the constant noise of an election we all wish was over.
It’s probably better that way. It’s significantly less depressing to observe one of Trump’s meltdown moments or to watch Kamala Harris cackle with that James Bond villain laugh than it is to read their policy proposals.
It’s been weeks and I’m still baffled about why both Harris and Trump are convinced that “no tax on tips” is a good idea. Of all the creative ways you could lower taxes… you both choose to do so in a way that 100% guarantees more tip jars on every counter?
Why would you do that to me?
Why would you do that to us?
And that’s just the start…
The nonpartisan Penn Wharton Budget Model recently calculated that Harris’s proposals would add about $1.2 trillion to the budget deficit over the next decade. That’s above and beyond the deficits we’re already running that have given us a whopping $35 trillion in government debt.
And not to be outdone, Penn Wharton estimates that Trump’s proposals would add $5.8 trillion.
Now, I don’t take any of these numbers seriously. Whether it’s $1.2 trillion, $5.8 trillion, or some ridiculous number so big it has to be written in scientific notation, it’s the same story. Neither candidate is serious about getting America’s fiscal house in order.
Trump and Harris are two sides of the same coin. They may have a different way to go about it, but both are intent on spending ever more amounts of money we don’t have.
Ultimately, that can only mean one thing: a continued erosion in the dollar’s stability.
Perhaps this explains gold’s epic rise this year (see chart below). The yellow metal is up over 30% in the past 12 months.
The price of gold rose when Joe Biden was the presumed winner…
It continued rising after his epic crash in the debate with Trump…
It rose more after the attempted assassination of Trump…
And it kept going after Biden dropped out and Harris made it a competitive race again.
Gold’s uptrend is unwavering, regardless of the election circus playing out in front of us.
Today, gold is one of the best-performing assets out there.
And this terrifies me.
Gold is telling us to prepare for the worst.
It’s sniffing out major inflation and dollar devaluation coming down the pipeline. And it’s making new highs in response.
A reignition of inflation would be a shock to most people, of course. But that’s not the only shock I see coming. In a year full of chaos, I see the biggest Election Shock of all still ahead.
That’s why we’re taking steps to help you prepare.
Yesterday, my colleague and editor of Freeport Strategic Options John Pangere told you to get election shock insurance: Buy gold, silver, real estate, commodities, and Bitcoin.
I’ll take that a step further.
I have uncovered four trades that have demonstrated 100% success during the presidential election season… three trades that the big money is chasing… and 10 trades positioned to rocket when this new Election Shock breaks. I explain what I’m seeing ahead, what it means to us all – as investors and citizens – and how to start preparing in this urgent presentation. Watch it now.
To life, liberty, and the pursuit of wealth.