We’re the Outsiders, And We’ve Never Been More Right

We’re the Outsiders, And We’ve Never Been More Right

Publisher’s Note: I’m traveling to New Orleans today to take part in the New Orleans Investment Conference. I’ll be on the Energy and Mining panels, hosting a workshop, and giving a talk in the main hall. Below is piece of that talk, focusing on why I’m an Outsider.


After four long years of hardship. Just when we thought the yellow metal was no more, boom. It sprints out of the gate this year taking gold equities — always rising by many multiples more — with it.

It’s been a fun year. In fact, it’s been something I’ve never witnessed. I wasn’t in the resource markets for the run-up in the first decade of this century.

But somehow, during what some have told me is the worst resource bear market in history, I found myself there. As gold stocks plunged, losing over 90% of their value in some cases, I realized I was a metal bug.

And while I think this new resource bull market has a lot of room left to grow… It’s how I found myself here that I want to talk about.

Why am I here? Why are you here?

As I pondered this question I went back to words I wrote when I founded the Outsider Club.

The about section begins:

Your life and finances have been hijacked. Sold to the highest bidder.

Your rights and ability to save and earn have been slowly eroded, picked apart by bankers, lobbyists, and politicians.

I’ve seen the slow decay firsthand. My entry into this business came in 2007, just in time for the crash. Leaving my head spinning and me wondering what happened. That’s why I created the Outsider Club.

Since the turn of the century, the world has been changing…

International bankers have taken over the world’s finances. They print as much paper currency as they want, conspire to manipulate global interest rates, launder money for rogue entities, and generally operate above the law.

Pensions are gone. Social Security will soon be gone. Costs keep rising for food, energy, health care, and other essentials.

But wages barely grow.

If you can afford to save at all, investment fees, wild market swings, poor yield, and ever-increasing taxes eat away at what should be your nest egg…

Millions of people are starting to realize that the American Dream is a myth. That it’s not those who work hard and obey the rules who get ahead, but rather those who make the rules, and change them as they see fit.

The population’s frustration with this can be seen in approval ratings and the storylines of this year’s election. And it can empirically be summed up, as it was recently by Princeton professors, as an oligarchy, where the “US political system serves special interest organizations instead of voters.”

Debt is out of control. We fight trillion-dollar, multi-year wars the majority of people are against.

And now, they’re treating citizens like criminals… The Patriot Act has erased your privacy and liberties. There are millions of cameras watching you — on every street corner and traffic light, in every airport, and silently from up in the sky. Your calls are monitored, your Internet traffic observed.

Try taking a large sum of cash out of your bank and see if you’re not made to wait a few days. Your bank might even file a Suspicious Activity Report, as is required of them by law for any activity that simply doesn’t make sense to them.

A third of the country with handouts: nearly 50 million people are on food stamps, 10 million are on disability, and millions more are taking drugs prescribed for “depression.”

The rest of us pay for it all with our hard-earned money and freedoms.

We’re the Outsiders. We’re the hard asset and gold bugs.

It’s the natural conclusion when you look at all the fiat money, all the monetary policy engineering, all the Wall Street algorithms, unabashed manipulation, and banks’ utter disregard for the law.

It’s the natural conclusion when you look at the political liars we have as leaders, the wars they lead on both sides, and the global geopolitical instability it causes.

And it’s the natural conclusion when you’re looking for a hard currency backed by thousands of years of trust.

As I see it:

  1. We aren’t operating in a capitalistic system anymore. The state is propping up private enterprise.
  2. If the rates are allowed to rise in the short term, we’re looking at a crash of the bond and stock markets and the insolvency of banks.
  3. But continued money printing, while it would keep stocks and banks afloat, will ultimately be the final nail in the dollar’s coffin.
  4. At the end of the day, turning money into more money without doing anything is what led us to recession. Creating more fake money certainly isn’t going to get us out of it.
  5. How can millions of people — many without work, others earning less and less — continue to support an economy that’s over two-thirds reliant on them spending money?

And all that aside, government malfeasance alone is reason enough to own gold.

In our “next quarter mentality” world, what’s next for economic and market direction depends entirely on the Federal Reserve… but what’s next for YOU depends entirely on you.

You can produce more than you consume.

You can invest in real assets and not banks and derived products.

That’s what being an Outsider is.

And it’s a wonderful world once you enter it.

Call it like you see it,

Nick Hodge Signature

Nick Hodge

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Jimmy is a managing editor for Outsider Club and the Investment Director of the personal finance advisory The Crow's Nest. You may also know him as the architect behind the wildly popular finance and investing website Wealth Wire, where he's brought readers the stories behind the mainstream financial news each and every day. For more on Jimmy, check out his editor's page.