economic outlook

Article Tools

Print

E-mail

Comments

RSS

ONE WISE ELDER OF THE TRIBE IS WORTH AT LEAST TWENTY MILLION SLICK BUFFOONS

I walked right through the door,
Not knowing any more . . .
Than I was ready for.

Jessie Coulter

There is a slightly grizzled and very wise 67-year-old man by the name of C.V. Myers that you should know about. Why? Because C. Vernon Myers is a genuine oracle. A visionary. An elder of the tribe who possesses the repeatedly demonstrated ability to divine the future.

Would you like to be rich? Vern Myers can make you extremely rich. (See. I told you you should meet this guy.) And I know that to be a documentable fact because Mr. Myers has made many people—most of whom he has never even met—rich beyond their dreams during the past ten years.

I will tell you exactly how C. Vernon Myers did that. He did it by publishing something called Myers' Finance & Energy . . . a roughly semi-monthly eight-page newsletter that currently is priced at $135.00 for 14 issues and is available from 642 Peyton Building, Spokane, Washington 99201. That may sound like a lot of money for a very few sheets of printed material. Believe me, however: For at least the past decade, MFE has been one of the best—if not the best—bargains in the world.

A bargain, that is, if you had any money at all in the early 1970's. Because on January 1, 1972—when Vern still lived in Canada—he told his readers to take their funds out of the stock market (which, in real terms, was worth about half again as much as it is today) and out of the banks (which have been paying less interest than the rate of inflation throughout the past decade). "Put your money 100% into gold," C.V. said—gold was then selling for $35 an ounce—"and gold mining shares."

Mr. Myers next took his readers out of gold in August of 1975, when the yellow metal was between $165 and $170 an ounce, and had them park their funds in U.S. Treasury notes paying eight to ten percent.

And that's where Myers left his disciples until January 28, 1977, when he put them 50% back into gold at $135. On February 18th of that year—when the metal was selling for $140 an ounce—C.V. told his readers to invest the remaining 50% of their funds in gold.

And finally, on October 31, 1978—when the precious metal had already "skyrocketed" (in most people's minds) to an "incredible" $220, while gold mining stocks had hardly started to move up again—My ers advised his subscribers to sit tight. "If you simply have to do something, though," he said, "the best action you can take is to sell one-third of your gold and invest the proceeds in South African mining stocks." And that's where of Vern has left his readers to this day (January 17, 1980), which finds gold selling on the New York market for $800 an ounce.

RSS | Comments | E-mail | Print