Former advisor to the CIA, the Pentagon, and the White House Jim Rickards believes the coming election could spark a round of turmoil unlike anything the United States has ever seen, including the potential for a 50% market crash.
However, we can take a few steps to prepare for the “2024 Election Meltdown,” which includes an anti-dollar investment.
We reveal what it is for free in this teaser review.
The Teaser
Jim begins by saying he's “going to put his career on the line” by revealing some hard-to-hear truths.
Jim Rickards is a lawyer and economist by training with five decades of experience. He's also a die-hard Phillies fan.
This partially explains his gloom-and-doom outlook.
But a stock market could crash of 50% or more, and the final collapse of the US dollar are some extreme claims, to put it mildly.
What does he know that maybe we don't?
No Election Certification
Jim is calling for a Trump win in the November election.
But he also predicts that the Democrats will take control of Congress.
Since the newly elected members of Congress will be sworn in before the presidential election is certified, he says they will “refuse to certify the election results if Trump wins.”
He even points to old Vanity Fair articles that state “Trump should never be allowed within 1,000 feet of the White House again” as planting the seeds for such a possibility.
If this were to happen, it could lead to a “crisis of confidence” the consequences of which would ripple across the globe like a megaquake and deal the final blow to the US dollar as the world's reserve currency.
This would be “an election meltdown of biblical proportions,” and we need to begin preparing ourselves now through five steps Jim recommends and a #1 investment.
The Pitch
All the information we need about this investment, including its name and ticker symbol, is inside a report called My #1 Way of Escaping the Dollar Collapse.
The report is only available to subscribers of a research service Jim calls Strategic Intelligence.
A risk-free trial starts at $49 for the first year and includes a six-month money-back guarantee, three bonus reports, monthly newsletters with Jim's best ideas on how to protect and grow your wealth, and weekly updates with his latest analysis on the economy.
5 Steps To Take Now To Protect Your Wealth
The five steps Jim recommends we take start with…
#1 Prepare for the Final Collapse of the US dollar
Jim admits that he's been warning about the end of paper money for over a decade.
Besides all the money printing and the ever-expanding debt…$35.2 Trillion and counting, which will be higher by the time you finish reading this.
The final nail in the coffin will be the establishment no longer respecting our rule of law and refusing to certify November's election results.
But how do we insulate ourselves from the potential fallout?
Jim recommends having at least 10% of your assets in physical gold.
Even Costco is now selling gold bars, so we have no excuse not to load up.
#2 Buy Jim's #1 Investment for the Coming Stock Market Crash
The entire market is expensive.
Currently, the S&P 500 price/earnings ratio (P/E) sits at nearly 30x.
The median going back 100 years is approximately 15x.
All we know about this investment for the time being is that it was one of the few things that went up during the 2020 market crash.
#3 Sell Three Popular Stocks Now
Jim doesn't name any names in the teaser, but I have some ideas about the kind of stocks he's talking about.
Any Companies that don’t have a ton of cash and are deeply in debt, could go belly up in the kind of scenario Jim describes here.
#4 Buy Crisis-Proof Stocks Now
Once again, no specific names are given, but some past examples are provided.
Companies like chocolate maker Hershey outperformed the market during the 2008 housing crisis.
Jim is on the right track here, as generally speaking “necessity stocks” like consumer staples stocks and health care tend to do better during recessions than the rest of the market.
#5 Stay in Touch with Jim to Get Constant Updates on the Coming Meltdown
More self-promotion for the Strategic Intelligence research service.
We can skip this and get straight to the good stuff…the #1 way to escape the dollar collapse.
Revealing Jim Rickard's #1 Investment for the Coming Stock Market Crash
The clues provided are very indirect, but they are telling.
- This stock jumped 37% higher during the 3-month panic at the beginning of 2020.
- The same stock went up as much as 91% during the 2008 market crash.
- Blackrock has invested more than $1.4 billion in this play, Renaissance Technologies has already invested more than $450 million, and famous billionaire and hedge fund manager Ray Dalio has put in $2.5 million.
- It isn't silver, collectibles, gold coins, cryptocurrencies, or a gold miner.
Based on these, Costco Wholesale Corporation (Nasdaq: COST) may be Jim's #1 Investment for the coming stock market crash.
- Looking at old stock charts, it's not an exact match, but Costco outperformed both the S&P 500 during the 2020 panic and the 2008 market crash.
- Blackrock, Ray Dalio's Bridgewater, and Renaissance Technologies currently own or have owned sizeable stakes in the discount retailer.
More Upside Potential than Gold?
Over the past two decades, Costco Wholesale has outperformed the shiny metal by a factor of 4x.
How likely is this to continue?
First, Costco's balance sheet is fairly recession-proof, with $11.5 billion of cash on the books against total debt of $9.3 billion.
Second, the consumer food staples it sells won't experience a drop in demand during a recession or worse, especially not its famous $1.50 food court hot dogs, as the company's CFO has reiterated on a recent earnings call that “the hot dog price is safe.”
The only visible drawbacks of Costco stock are its mega-cap size, at $400 billion, and a trailing P/E of 56x.
At the current valuation, I would be inclined to wait for a price drop, perhaps even an “election meltdown” or dollar-cost average down into the stock.
Overall, Costco is a quality consumer staple business that has historically outperformed during downturns.
However, if a dollar crisis were to go down, it would be unprecedented, and no one knows exactly how publicly-traded U.S. businesses would react.
My guess is not good, and in this case I would want to own hard assets first, then some ammo, have food reserves in storage, and perhaps a few high-quality non-dollar denominated public equities. But that's just me.
Quick Recap & Conclusion
- Former advisor to the CIA, the Pentagon, and the White House Jim Rickards believes the coming election could spark a round of turmoil unlike anything the United States has ever seen, and he's recommending one anti-dollar investment “ for the 2024 Election Meltdown.”
- This will all be due to the Democrats, who will win control of Congress and “refuse to certify the election results if Trump wins,” causing a “crisis of confidence” in the dollar.
- Jim has a #1 investment and all the information we need on it, including its name and ticker symbol, is inside a report called My #1 Way of Escaping the Dollar Collapse. The report is only available to subscribers of the Strategic Intelligence research service, which costs $49 for the first year.
- Jim's #1 investment for the coming market crash may be Costco Wholesale Corporation (Nasdaq: COST).
- Costco is a quality consumer staple business that has historically outperformed during downturns. However, during a flow-blown dollar crisis, I would want to own hard assets first and then some high-quality non-dollar-denominated equities.
What is your #1 investment for a potential dollar crisis? Share it in the comments below.
What are examples of high quality non dollar denominational equities?