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NMX*Gold Stock Adviser — Interview with David Skarica


NMX*Gold Stock Adviser — Interview with David Skarica

Editor’s Note: David Skarica’s experience in the financial markets is extensive, even for someone of a relatively young age. He started researching the markets at the age of 16, and realizing that investments were his passion in life, became at the age of 18 the youngest person on record to pass the Canadian Securities Course.
A few short years later he started writing his first newsletter, Addicted to Profits, and published his first book, Stock Market Panic! How to Prosper in the Coming Bear Market. Newsmax recently sat down with David to discuss his newsletter, the Gold Stock Adviser, his career as an investor, and his goals with the Gold Stock Adviser newsletter.

Newsmax: David, thanks for joining us today to talk about your favorite topic, gold, your career as an investor in precious metals, and your newsletter, the Gold Stock Adviser.

David Skarica: Thanks for having me!

Newsmax: So the obvious question, with all the ways to invest in the markets, is why did you choose gold?

David: Gold, perhaps more than any other investment, reflects investor anxiety and fear. During good times, when the economy is humming along and the stock market is climbing, gold doesn’t do very well. During times of economic anxiety and high inflation, investors are worried, and gold soars higher.

Newsmax: And because of the threat of inflation, as well as general market upheaval, you think gold will continue to rise?

David: I believe that the investor anxiety will continue, and with all the money printed by governments around the world, inflation will soon add to the worries. That’s why the gold bull market is probably only in the third or fourth inning . . .

Newsmax: So how did you get started in the markets?

David: I got involved with the financial markets at quite a young age. I was 16 years old when I read the book Decline and Fall of the Welfare State by James Dale Davidson. That book got me fired up, and at that point I knew investing was what I wanted to do for the rest of my life. So at the age of 18, I became the youngest person on record to pass the Canadian Securities Course.
A few years later, I began to write a newsletter, Addicted to Profits, and published my first book, Stock Market Panic! How to Prosper in the Coming Bear Market. In the book I correctly predicted that tech stocks and real estate would top out and that gold and other resource stocks would enter a huge bull market.
Later in 2008, at the depths of the financial panic, I wrote for the first time in detail about the excessively cheap valuations in gold and precious metals stocks. Many of those stocks climbed 100 percent to 200 percent after the article was published.

Newsmax: And is this how you got started writing the Gold Stock Adviser?

David: How I got started writing the Gold Stock Adviser is an interesting story. I had recently moved here, to the Bahamas, where my mentor, Sir John Templeton, also happened to reside in his later years.
I was at the memorial service for Sir John, and sat next to a gentleman. We struck up a conversation and we immediately hit it off, sharing similar views on gold, the stock market and upcoming problems due to the financial crisis. It turns out that gentleman was the CEO of Newsmax. We kept in touch, and a few months later, he asked me if I was interested in sharing my knowledge of the gold market with his audience. Naturally I jumped at the opportunity.

Newsmax: What do you hope the average reader learns from the Gold Stock Adviser?

David: My goal with the Gold Stock Adviser is to show the average investor how to take advantage of the long-term trend in the gold market. From a fundamental standpoint, it makes sense to suggest that gold will trade higher in the coming years. Gold has long been considered an ideal hedge against inflation. And with governments across the globe printing money at unprecedented levels, inflation isn’t a question of if it will happen, but how bad. So it’s only prudent that investors educate themselves on how to protect and grow their assets in the years to come.

Newsmax: So how do you make the Gold Stock Adviser better than any other gold newsletter out there?

David: The Gold Stock Adviser is a personal passion of mine, and I do everything I can to make it the best newsletter in the industry.
I travel all over the world climbing through jungles, crossing deserts, and going into some pretty inhospitable places to make sure I see firsthand how these companies are operating. I complete all of this due diligence on my own dime before I consider recommending the companies to my readers.

Newsmax: So you travel all over the world to make sure your newsletter has the “boots on the ground” advantage over others. Has all the extra work been worth it?

David: The payoff for subscribers is a portfolio that currently has numerous open positions with triple-digit gains. Recently we took a profit of 270% after holding a position for just 13 months. I expect many more of those winners over the next few years as investors continue to turn to gold as a safe haven from rampant inflation.

Newsmax: That’s incredible. You will have to let us know when you get back from your next trip so we can meet again and discuss what you discovered.

David: That sounds great. I look forward to it.

Newsmax: Thanks again for meeting with us today David.

David: Thanks again for visiting with me, and I hope to have a few new subscribers to my Gold Stock Adviser newsletter.

Visit Newsmax’s customer service website for NMX*Gold Stock Adviser by clicking here now or putting http://www.moneynews.com/contact/customerservice/ in the address bar at the top of your browser.

Or they can contact Gold Stock Adviser by calling 1-(800) 485-4350. The customer service is open from 8:30am to 10:00pm M-F Eastern Time.

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Monday, 01 July 2013 05:21 PM
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