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Midnight Gardener re Dinesletter, Me? Since 1979

Posted by Mr.Copper @ 13:24 on February 3, 2023  

My friend and I got it because he got everyone into PMs first in the 1960s, and he was going to flash the MAVOOGAS, the much vaunted all out gold and silver sell signal. Unfortunately, he flashed it about a year or two, too late. He was good at getting people in early on great investments, but consistently too late, or never on selling calls.

I remember I got a mailgram in June 1982, to sell all inflation related assets and go into the Dow at 796. A perfect call, a 14 year Dow low. 21% rate peak. Dow under 1000 from ’68 to ’82. (as rates climbed 4% to 21% prime rate after dollar gold cut off) He also said, he never saw such a rare situation and recommended 30 year gov’t bonds paying 16.8%? for 30 years with no call back provision.

So from 1981 to 2000 and the Dollar up to 120? I think, they started a deflation in metals after 1981 until around 2000, Gold $800 ’80 peak to $250 ’01. I knew in 2000 that the USD was too high and they had to drop it. Steel and lumber was too cheap shutting businesses, and they put a tariff on them until the lower dollar raised the prices. Thats when I started getting back into mining stocks, 2000.

AS the Dot coms were busting in 2000, the miners started climbing. Then a recession, attracted the terrorists wanting to attack during a recession and the Fed lost control of all the metals after 9/11/01. And here we are today. $250/oz to $1,876 today.  A 10% annual straight line. $250,000 to $1,876,000 on a buy of 1000 ozs in 2021.

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

I dropped the Dinesletter after he died. I suspected somebody else was writing it. Or was training a son in law or something.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.