Digital Rocks & Our Next Million Bucks

Nick: Oh, the NFT ones? Yeah. I like talking about them, sure. Let's talk about it.

Gerardo: I apparently don't have enough common sense to sketch a picture of a rock and put it up for sale and get over a million dollars for it. The most recent sign of excess and asset bubbles is a clip art JPEG of a rock that are being sold as non-fungible tokens (NFTs). You heard right. A clip art, N-F-T JPEG of a rock sold for $608,000 initially. Days later, it surpassed $1 million. Days before that Ether rocks were going for around $300,000, which was an increase, threefold increase from $100,000 dollars, just two weeks ago. So a wealthy person saw that a picture of a rock was going for $100,000 dollars, and was like, “screw that guy or gal, I'll pay $300,000. What now?” And then some other guy or gal with way too much money said, “$300,000? I'll pay $608,000.” And then somebody else saw that and said, “Screw your $608,000. I'll pay a million.”

This is the time we are living in, folks. I feel like I am the crazy one. I don't understand a lot of this. I am not the youngest guy, I'm not the oldest guy. I'm 42 years old. I'll be 43 at the end of October. But I've seen enough to know that, look, there are some NFT's where I understand what the value could be if it comes with something. But if you're selling boxes of air in glass for $18 million and clipart JPEG's for millions of dollars... Man, I’d hate to be the person not comfortable financially in life looking at this and trying to figure out why I can't get in on the action. Cause this is just madness, Nick. I don't know what else to say about it. It's crazy to me.

Nick: It's pretty crazy that there's so many different ones. We've talked about altcoins — or shitcoins —  a lot around here. You had Bitcoin go back to $50,000 recently. I've called it whack-a-mole inflation… where it's in the tin today and it's in the lithium tomorrow and it's aluminum the next day, right? You have inflation just shifting around where it's sort of popping up and you know, now it has a new place to do that in not just Bitcoin and Ether, but these thousands of other altcoins and stablecoins. And now these NFT's and on and on.

When stagflation hit in the 1970s — and we've talked about this before — when the growth isn't fast enough to outpace the inflation, what happened in the seventies was the Hunt brothers were able to just buy hard assets and become the richest men in the world for a short time.

They were the richest men in the world because they bought up all the silver. They bought silver mines. They bought race horses. They bought oil fields. All hard assets, right? All things that you and I know about. When that stagflation came to manifest, they were able to become the richest men in the world.

Now, you have this inflation and it remains to be seen if it's stagflation. That's what many market participants have been discussing over the past weeks and months: Where is this inflation going to manifest? Who are the new Hunt Brothers going to be?

And the answer is, at least as I see it, it's sort of all over the place, right? It’s not only being expressed in gold and silver. We saw record gold prices already. But then we saw record tin and now steel's going up. And so I think one of the things you have to be willing to accept is if you wait and wait and wait for it to manifest in just one specific asset or commodity, it might not be the best approach to this, given that we've already seen it manifest in all these other places. I hope that makes sense. What I'm saying is I'm not sure if the cryptos are a bubble or not. I think they're just, at least for the moment, one of these places where that inflation is manifesting.

Gerardo: I agree 100%. We've talked at length about collectibles and hard assets and the stock market. Harry Dent probably doesn't have much hair left because he's been busy pulling it out, calling for a deflationary collapse of the stock market every year since 2008, where he got it right for like six months. And so there are ways to profit off of this. There are ways whether you have $1,000 or $10,000 or $1,000,000 or $100,000,000 to do well for yourself. If you're able to define your timelines and your risk tolerance... if you're willing to spend a little bit of time and money to be more informed, to compare different analyses and perspectives and do studies where you're looking at success rates in the past. That's an indicator of future success, right? If Nick Hodge keeps giving you names that continue to go up 300%, 400%, 500%... you might want to spend a hundred bucks or a thousand bucks for five thousand bucks for Nick’s premium research. And you don't have to know Mr. Hodge to have him be an advisor, you can go and subscribe to one of his services. (Free preview here.)

Same goes on my end. If your kick is resource stocks, which is what I dabble in almost exclusively, with the exception of real estate and a few non-resource speculations via Mr. Hodge. But if junior resource stocks are your kick, you can check out this free preview of my Junior Resource Monthly service.

You also have the option to subscribe to a private placement newsletter. If you're an accredited investor, you have the option to subscribe to a service that takes a longer term perspective on the cycles and has picks for that. And then you also have the option to subscribe to a trader service that takes a shorter term perspective and is more in and out than a monthly service. So whether it's us or someone else, there is still a lot of money to be made, people. A lot of it.

And it's frustrating to me sometimes, I have friends that come to me for certain things and I'll try to articulate as best as I can the opportunity and the why, and some have done very well, dabbling and getting into things. Sometimes I'll have friends whose response is, “I'm just not comfortable with it." And my response, respectfully as always, is “Well, you're also not comfortable with the position that you're in financially right now, because that's how this conversation started.”

I guess that's a long-winded way of saying, when I didn't have much...  and I'm still working my way up, right? I'm comfortable, but I'm not wealthy yet. It's not $10 million yet. It's not $100 million. But when I was trying to figure it out and borrowed money from credit cards to buy junior resource stocks, borrowed money from friends to trade options on rare earth stocks, leveraging the options on margin at that…. It was like school for me. And it came from a need to find an avenue. One that I enjoyed, that felt comfortable to me, risk tolerance-wise, but also one that could provide a completely different type of life financially for my family and I, and the people around me.

And I was lucky enough to stumble onto it and have mentors that opened doors and taught me a lot. I continue to learn from them and I'm thankful for it, but it didn't just happen. You and I share a mentor, Nick, and that person didn't just give us the keys to everything and say, “Here you go, guys, here's $5 million in your account. All you have got to do is double it and pay me back my $5 million and now you have $5 million, too.” It didn't work that way. We went to school. We had to learn and we had to make mistakes and we had to get chewed out and endure everything that comes with learning something from the ground up.

Again, that’s a long way of saying there is still a lot of opportunity in this market. And if you want to expedite your learning curve and ability to profit. It doesn’t take a lot in these markets to make a lot of money. I share a brand new recommendation in my brand new monthly research, which just came out this week. Check out a preview of it right here.

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