A little over two years ago, I founded the Freeport Society with Louis Navellier and a core of other free-thinking, free-market enthusiasts.
We were concerned about the direction the country was going. We were sickened by the ever-expanding role of government in our lives. And we wanted to build a community of investors dedicated to the principles of limited government, free markets, and the “get-it-done” grit that helped build America into the most powerful engine of growth and economic progress in human history.
The fight continues, of course. But in many measurable ways, the dead hand of government really is, little by little, being pried off of the economy.
Executive Order 14192 literally requires that every new federal regulation come with the elimination of 10 existing regulations.
The American Action Forum estimated that, since January, regulation reforms have chopped off $86 billion in regulatory costs and 52 million hours of mind-numbing paperwork.
I’m not happy to see the implosion of free trade over the past year and the imposition of arbitrary and ever-changing tariffs. I’m even less happy to see Uncle Sam muddying the free market by taking ownership positions in companies like Intel.
But all in all, the Californication that we feared hasn’t come to pass. If anything, the counterrevolution is well on its way.
That’s fantastic news. But it also takes away our sense of urgency at the Freeport Society.
So, it’s time to dedicate that energy elsewhere.
Before we go, let’s go through The Freeport Investor portfolio. We’ve had a fantastic run, and three of our open positions are now up over 100%. I’ll go through each position and give my guidance.
Hedging Dollar Risk
This is our best performing theme by a country mile. Our investments in our dollar hedges have paid off handsomely. We’re up over 100% in Bitcoin, Agnico Eagle Mines (AEM), and SPDR Gold Mini Shares (GLDM).
If you remember nothing else from my pontifications over the past two years, remember this: The dollar as we know it is doomed. The currency of a country with $37 trillion in debt is not a viable store of value. You need durable stores of value.
Gold and Bitcoin are forever positions. But asset allocation is also really important to managing your risk over time. So, this is what I recommend for your gold and Bitcoin positions…