Dear Reader, April 9, 1997 was the worst day of my life. It started like any other... Until I received a phone call from a corporate lawyer threatening me with a $1 billion lawsuit. I hung up, completely distraught. For the next few days, I couldn't sleep... lost my appetite... and became physically ill from the stress. I thought I would lose my business. Or worse – be put in jail! All because I wrote a story explaining why I believed a major gold company was lying to the public about the size of their mining deposits. I won't mention its name here. But you've likely heard of them. When I exposed them online, it caused an uproar... The story was picked up by the Washington Post... New York Times... Wall Street Journal... Barron's, and written about all over the Internet. Their stock, which up to that point I had owned, had recently jumped from $1 to $240 – making hundreds of people "overnight millionaires," as CBS News put it. But once my story came out, the share price began a 90% plummet. So, the executives were understandably upset. And wanted to sue me for "spreading false information." In a remarkable turn of events, the story later became the subject of seven books. It was featured in Fortune magazine, which called it "The Greatest Gold Scam Ever." And even made into a hit Hollywood movie starring Matthew McConaughey. Today, because of my work in exposing this scam, all modern-day drill results have to be analyzed by an independent engineering firm. It's then put into something called a Feasibility Study. This shows whether a mine would be profitable to open. And is something that every gold mining investor needs to pay close attention to. Now this sounds simple. No-brainer simple. But would you believe that approximately 90% of gold stocks out there don't have one? This is an important lesson that most investors get wrong: Just because gold is present in the ground doesn't mean anything. The ocean, for example, is full of dissolved gold. But it's not economical to try to extract it. Which is why nobody does it. And this is just one of the hundreds valuable lessons I've learned firsthand about gold and the gold industry over the past 50 years. Right now, I'm convinced there has never been a better time to get started with gold stocks. And I think if you get started today, you could make a fortune in the coming months and years. But as I hope I've showed you today, it's critically important to own the right gold stocks. Sincerely, John Doody
Editor, Gold Stock Analyst
Stansberry Research P.S. Since 2001, I've helped my readers find gold stocks that have posted cumulative gains of 923%. That not only crushes the price of gold itself... but also the S&P 500. If you're interested in learning more about how I've been able to do this, click here. | 