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Thursday, July 28, 2011

"I buy the gold 'cause I don’t trust the bastards..."

The Daily Reckoning
Live From The Agora Financial Investment Symposium
Day 2: Why I Suddenly
Wanted To “Buy The Farm”
Thursday, July 28 | 12:00 PM
Vancouver, British Columbia

Dear Reader,

You wouldn’t know it to look at me -- and don’t tell any of my hunting buddies -- but I’m a total movie buff. Always have been...

Not just the action films and thrillers that are the typical cinema-fodder for my demographic (boorish, over 40 males), but all of it: Animated flicks, sci-fi, comic-book superhero movies, bio-pics, documentaries -- even cheesy formula rom-coms and select foreign language films.

There’s almost nothing I won’t go see on the big screen. I love it all.

And I love talking about films, too. You may even have read a movie review or two of mine in the past -- I seem to remember having penned a few for Whiskey & Gunpowder over the years...

But I’ve never been able to say that I actually know any film directors, or screenwriters.

Until now, that is.

Last night, I was lucky enough to be one of the privileged guests invited to the Fairmont’s British Columbia Ballroom for a special “focus group” screening of the newest film from Agora Entertainment (of I.O.U.S.A. fame)...

It’s called Risk!And it’s a full-length documentary written and directed by a friend of mine, Agora Financial’s own Executive Publisher, Addison Wiggin.

What’s it about, you’re asking?

Well, it’s a tricky thing to say what a film is “about.” Especially a documentary. That’s because there’s usually a metaphorical main story that serves as a looking glass through which the filmmaker focuses on other, larger themes.

You could correctly say the film is about the never-say-die, risk-taking spirit of the entrepreneur in pursuit of success -- as revealed by the compelling story of Odyssey Marine, the discoverer (and recoverer) of not one, but TWO of the biggest sunken treasure hauls ever found...

The $180 million wreck of the SS Republic, which went down off the coast of Georgia in 1885 -- and an unidentified vessel code-named by “Black Swan” by the Odyssey crew. The ship is thought by some to be the Spanish frigate Nuestra Senora de la Mercedes, sunk by the British in an engagement off the Portuguese coast in 1804...

To date, Odyssey has hoisted as much as half a billion dollars worth of coinage and other artifacts from the wreck. And according to their estimates, as much as 50% of the Mercedes’ riches still lie on the bottom.

Why haven’t they dredged up all of it, you’re wondering?

The answer to this question speaks directly to the other major theme one could rightly claim Wiggin’s film is about: The risks entrepreneurs face from a government that’s increasingly hostile to success -- and to capitalism itself, for that matter.

Right now, Odyssey marine is in what looks to be the final stages of a nearly five-year legal battle with the Spanish government (with the aid of the U.S. federal government) over rightful ownership of the recovered and remaining coinage.

The odds do not look good for the American firm, in my opinion. Especially given Spain’s status as yet another failing, cash-strapped Euro-pit.

The stalemate has cost Odyssey huge amounts of cash -- and forced them to adapt their proprietary technology to other industries, like underwater mining...

Which they’re preparing to undertake by partnering up with foreign companies.

That’s what entrepreneurs do â€"they improvise, adapt, and overcome. Like the Marines. And more and more lately, that means leaving the U.S.

But beyond these two polarized themes, I think Wiggin’s Risk! is also about something even bigger:

What AMERICA risks in terms of lost jobs, dwindling revenue, and a deteriorating ability to innovate if it continues to thwart private enterprise at every turn.

I found even this in-progress cut of Risk! to be an understated, yet deftly assembled film that’s both inspiring and depressing -- and I truly hope it finds its way onto the American public’s consciousness...

And the sooner the better.

Now, let me take off my Ebert hat and get back to the job I’m here to do: Report on the risks and rewards you could discover at Agora Financial’s 2011 Fight or Flight Investment Symposium...

Getting Down To The Money-Making

Necessarily, the opening afternoon of these Agora Symposia are more focused on cementing the broader thematic foundations of the event.

And true to form, yesterday was when we all got our initiation-by-fire with the biggest, farthest-reaching, and most mind-blowing macro-concept stuff...

It’ll re-fry my brain into the mush it was at deadline time last night if I recap all of it here -- but this year, it’s things like:

  • Growing new replacements for all manner of human organs
  • Upgrading the human species through genetic mapping and modification
  • Cures for a myriad of diseases and conditions that shorten our lives
  • The sudden emergence of beaten-down nations as economic contenders
  • The bull case for commodities in global markets many think are flat-lining
  • Whether Americans should attempt to restore a system that nurtures and encourages success -- or whether they should take their money, ideas, and entrepreneurial spirit to more enterprise-friendly places

Don’t get me wrong: This big-picture stuff is invaluable to understanding what to do with your money in a “fight or flight” wealth environment...

So important, in fact, that it caught the attention of the Vancouver Sun newspaper -- they printed a nice little feature on the “life sciences revolution” revealed by Juan Enriquez at our opening afternoon seminars.

But now we’re really beginning to cook on the opportunities end of things here at the Fairmont. And I’ve managed to cram five speakers into my schedule today for your investment planning pleasure.

So let’s get rolling on them right now...

STEPHEN JOHNSTON

The soft-spoken, credible-looking Johnston of AgCapita Partners led off with the famous Twain quote: “Buy land. They’re not making it anymore.”

The citation brought polite chuckles, but Johnston was dead-pan serious. And over the next 40 minutes, he proceeded to do something I would NEVER have thought possible...

Make me want to race out and buy real estate.

Not the kinds of real estate you might expect people to play in a dicey market, like foreclosed homes or distressed city properties in “transitional” neighborhoods -- but large, sweeping tracts of glorious country acreage.

I’m not kidding.

It would be nearly impossible for a rational, profit-minded person to see Johnston’s Farmland as a Portfolio Allocation presentation and NOT want to liquidate stocks, bonds, IRAs and everything else -- and dump all of it into crop fields...

It’s an investment that’s right under everyone’s nose, just about everywhere on Earth. Yet it’s almost universally overlooked. But it won’t be for very long.

According to Johnston, soon everyone with two pennies to rub together will be clamoring for farmland to invest in. Here’s the simple reason why...

“Every year, we have less arable land per capita,” says Johnston.

That shouldn’t shock anyone. What should shock investors, however, is how little farmland we’ll have to go around very shortly.

Says Johnston: In 1960, there were three acres of farmland for every person on Earth. Now, it’s more like 1.2 acres per capita -- and in 20 more years, that ratio will be around .03 acres...

That’s about half the size of a tennis court.

See the problem?

By that time, cropland in Mayberry, R.F.D could be worth as much as a Park Avenue condo. And if you take Stephen’s advice on how to play it NOW, you may soon need a farm tractor to pull around all the money you’ve made.

This isn’t even the half of it, though. There are three major demand drivers of massive farmland returns in the future...

And they’re only going to get worse.

He explains them far better than I could -- with loads of supporting numbers that simply boggle the mind. You’ll see what I mean when you listen to his presentation via the CD/MP3 recordings of this event.

But I warn you: Johnston’s arguments for farmland as an investment are more persuasive than anything I’ve ever heard about any other kind of commodity. If you don’t want to be tempted to invest in AG real estate (though you don’t actually have to buy the land), then DON’T listen to this seminar.

Just move on to the next one in order -- the one and only...

JOHN MAULDIN

You probably already know John...

He’s the New York Times bestselling author of well-known financial titles Bull’s Eye Investing: Targeting Real Returns in a Smoke and Mirrors Market, Just One Thing: Twelve of the World’s Best Investors Reveal the One Strategy You Can’t Overlook, and Endgame: The End of the Debt Supercycle and How it Changes Everything...

He’s also one of America’s highest-profile financial voices, and editor of the most widely distributed investment newsletter in the world, Thoughts from the Frontline...

John Mauldin

And he’s got an opinion or two about gold, the dollar, and other things directly related to the “fight or flight” theme. For instance:

“I think gold is a stupid investment,” says the outspoken, somewhat dramatic Mauldin. “Gold, however, as insurance is brilliant... I buy the gold ‘cause I don’t trust the bastards.”

The “bastards” being Congressmen and Senators and Governors and Presidents.

As proof of their inability to properly lead us, Mauldin brings forth a pricelessly telling piece of forgotten U.S. history -- a 1932 propaganda film produced in the FDR era putting forth the case that inflation will save America...

That was jarringly surreal to see. Inflation is Nation’s Salvation, read a newspaper headline from the time. According to Mauldin, we’re indeed approaching the end of what he calls a “debt super-cycle” here in the U.S., and in other parts of the world. And inflation’s a part of it.

You may think from these thought-provoking points that Mauldin’s bearish on America. But he’s really not...

“The Unites States isn’t all that bad...” posits Mauldin. “You want to find the real basket-cases, you go to Europe.”

According to the highly connected commentator, most of the bankers in Europe’s most solvent nation, Germany, don’t think the Euro’s going to be around in another five years...

“Europe’s going to implooode,” he drawls, elongating the word for emphasis. “The European problem is the sub-prime crisis on steroids.”

Does that mean America’s in the clear on its debt crisis? Not at all. There’s still a lot the U.S. could do to make us follow Europe down the drain. In fact, there’s one objective measure of debt that most economists aren’t looking at, Mauldin says. And it’s critical to understanding how Uncle Sam can climb back on top...

I could attempt to sum it up for you, but I’d fear losing something crucial in the translation, and steering you wrong.

Better you should get the Symposium recordings from this year, so you can hear it from the horse’s mouth -- and have it at your fingertips to help you form a solid opinion about whether to put your money to work in the U.S., or to start trying to accrue wealth offshore.

I will leave you with this one last thing Mauldin said, which you can get more clarification on once you get your CDs or MP3s...

“The dollar’s getting ready to rebound, boys and girls. You can take that to the bank.”

Not to doubt the man -- but if I were you, I’d find out exactly why he said that before I made any big decisions with my money...

Speaking of big money decisions, you may want to pay attention to this next guy.

BYRON KING

You already know Byron, for sure. He’s the Editor of Agora Financial’s Outstanding Investments -- the Hulbert’s #1 rated investment newsletter 10 years running.

He’s also a Harvard graduate, a practicing attorney, a geologist, and a former Navy fighter pilot. So I’d say he probably warrants your attention.

Byron King

In his presentation, entitled Re-mining the Wealth of Nations’ Past: Discovering Assets Hidden by History, Byron walks us through several major future sources of valuable commodities...

That have already been discovered -- yet have in some way or another been lost in the shuffle of history.

“The world’s been picked over for literally thousands of years,” Byron explains. “There are ore deposits, there are mines in this world that go back to before the days of the Roman Empire, over 2,000 years ago...”

And as hard as it is to believe in this, some of these past deposits are still incredible stores of resources -- and ultimately, wealth. Among these:

  • A mammoth gold mine that’s been sealed up for more than seven decades in the war-torn Serbia/Yugoslavia region -- opened back up by one small mining company just two years ago...
  • “Secret Laboratory #10,” a Cold War-era Russian nuclear facility that another pioneering company is about to turn into a top processor of Rare Earth elements collected from the site of a 1000-year-old gold mine in Kurdistan...
  • The U.S. National Potash Reserve, a WW1-era fertilizer production facility that was lost to the red tape of history -- until one ambitious miner recently secured the rights to restart the facility’s potash production in response to global demand for fertilizer...
  • The lost gold mine of Limpopo, South Africa, an early 20th century mine that was dwarfed out of production by larger regional mining interests in the 1940s, and fell off the radar entirely in the latter Apartheid era. But now, one company’s trying to bring the resource back on line...

These are just a few of the more interesting ones -- Byron’s presentation contains several more...

But more importantly, each of these “lost” resources is now being serviced by small, independent companies that are hungry for growth, success, and wealth.

In other words: Entrepreneurs.

It would be irresponsible of me to name these small firms in such a wide-reaching forum as this one (it might artificially affect their price) -- but you can get ALL the details on these from Byron himself, in your CD or MP3 Symposium recordings... 

They’re available below for as little as $99, for a short time only.

These plays are what you’ve been waiting for -- where the rubber hits the road...

And to keep that engine rolling along, let me introduce you to the man that oil guru Byron claims has “found more oil than anyone else on Earth.”

He’s the irrepressible...

DR. MARCIO MELLO

A geologist with expertise in petroleum exploration, systems, and geochemistry, the legendary Marcio Mello discovered the largest oil find on Earth in the last 40 years...

A 24-year veteran of Brazilian oil major Petrobras, Mello broke out on his own in 2004 to found the Southern Hemisphere’s leading “G&G” (geological and geophysical), environmental services, and petro-laboratory company.

Among other zones, Mello’s company is focusing on one of the world’s mammoth hidden oil resources, a field of as much as 70 billion barrels off the Namibia coast in southern Africa.

Marcio Mello

In his Symposium presentation, the energetic (almost manic) Mello explains how he found the oil -- by extrapolating its location based on plate tectonic movements projected back over 250 million years...

To when all the land on Earth was all clumped together in one big mass, called “Pangaea” by scientists.

Using detailed maps, Mello explained to Symposium attendees -- in his thick, one-of-a-kind Brazilian accent -- how the continent of South America separated from Africa and began to drift apart...

He then showed us that by plotting this continental drift, he could approximately predict where oil fields might be off Africa’s south-western coast, based on the known locations of similar large oil fields off South America’s eastern coast.

As it turns out, he was right.

Today, his firm is developing both South American and African oil fields...

And has already jumped over 6,775% in value, and looks poised to go miles higher.

Marcio gives you all the details in his presentation -- and also explains to you why the Deepwater Horizon spill was a good thing -- as part of your CD/MP3 recordings of this year’s AF Fight or Flight Symposium.

But before I once again give you the details on how to get that, I want to briefly revisit one of yesterday’s speakers with you. Believe me, I’ve got a good reason for doing it. It’s worth your while to stay with me for another minute here...

PATRICK COX

In yesterday’s dispatch, you read about Patrick’s incredible presentation -- in which he alluded to having knowledge of cures (or vastly improved treatments) for certain common diseases...

Well, I’d be remiss if I didn’t share with you the highlights of Cox’s afternoon workshop today. Get ready.

As it turns out, he was understating things a bit on kick-off day. In his seminar today, he reveals no less than EIGHT specific companies that he’s convinced are poised to all but eradicate:

  • Joint and tissue inflammation
  • Obesity
  • Alzheimer’s
  • Liver and other cancers
  • Practically ALL human viruses, including flu, herpes, and more.

As he said yesterday, he doesn’t expect you to believe him about all this -- but he does ask that you simply look at the evidence and make an informed decision...

According to Patrick, these firms are among the handful that are on the cutting edge of genetic and molecular medicine.

More importantly, he thinks every one of them has the potential to become mammoth global super-players in healing and life extension.

If even ONE of them achieves this, it would mean incredible, almost unbelievable wealth for those who got in early -- like now.

There’s one thing you should know, though: Since they were revealed in an afternoon “breakout” session instead of in Cox’s main seminar, the names and details of these firms are NOT showcased on the audio recordings of this event...

However, they are included in a special “companion volume” to those recordings -- along with ALL the breakout session recommendations of our 2011 Agora Financial Investment Symposium speakers.

Once more, here’s how to get those right now...

Long Days -- But Lucrative, Too

As usual, I’m right up against deadline here -- 11:56 PM. Long days for me, these are. But I’ve got time to recap the deal for you. Here it is:

Just $99 gets you the digital, downloadable MP3 files of the 2011 Symposium recordings -- while $149 gets you the boxed-set of them on CD.

Or you can get Agora’s “dual media” pack with BOTH CD and MP3 recordings for the same low $149 price...

Click Here to Choose Your
Preferred Media Option Now

Again, whichever option you choose, you’ll also get the special Breakout Session Report -- which includes ALL the picks highlighted by our Symposium speakers in their afternoon seminars.

This report alone -- with all the names, tickers, and details on these cutting-edge picks -- would be worth many times more than you’ll pay for whichever recording package you select.

It’s up to you, but if it were me...

I’d move fast to get hold of this information NOW, before prices on some of these small picks start running up on the buzz from this event.

Oops, out of time. Over by 11 minutes, in fact.

Until tomorrow,

Jim Amrhein
Roving Reporter

P.S. I’m sure you remember this, but it bears repeating: Prices on these recording will go up by 33% in a few more days -- up to $149 for the MP3s only, and $199 for the CDs, or the dual-media CD/MP3 set. Why wait? Lock in the lowest price now...

CD Set

CLICK HERE TO GET THEM NOW

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