What do I do right now to make money?

As you are all aware — for the last year, and especially since January, I have been telling members to increase your gold/silver holdings to at least 10% of your total net worth.

I then encouraged members (based on the ‘fundamentals’ as well as what is happening globally) to increase that position to 20% of your net worth. This guidance is documented in many club meetings and writings that have been sent to members. Historic articles and videos can be found at mikelathigee.com and the club website.

So the question now is — What do I do right now to make money? Well I have stated on numerous occasions that silver moves very violently up and down. Since March, it has skyrocketed from $14 to today over $24 an ounce. Many of the silver and gold mining stocks have doubled or tripled during this same time. For those who still do not have exposure to gold or silver I would suggest to take a position. The main reason is — I see continued weak US economic performance, which is very bullish for gold and silver — due to a weakening US dollar. I also believe a position in an ETF that focuses on gold and silver mining companies has much more upside potential than an ETF that simply focuses on the spot price of silver.

Platinum is the next precious metal that I see having an opportunity to move (it is ‘lagging’ for now). At some point, I believe platinum will catch up to gold. I will keep you posted.

One of the main reasons I remain so focused on gold and silver is because of the non stop printing of money by the Feds while corporations have leveraged their balance sheets from 3 trillion in 2005 to $71 trillion today. In that same period US companies have spent over $6 trillion on share buy backs instead of investing in the business and share buy backs create no economic benefit except inflate share prices and make executives rich.

Precious metals will continue to move up due to the the following factors — ongoing financial crisis, negative US Treasury yields, a flood of ‘quantitative easing’ by central banks, fiat currency debasement, zero to negative official interest rates, out of control government spending, huge global debt, a weakening US dollar & the risks of hyperinflation. Not in the last several decades have all these factors happened all at the same time making gold and silver so attractive.

I know my message has been the same for a long time and those who listened are seeing massive gains through…