Final DEFEAT of Poverty as US Debt Increases, US Fiat Currency is Devalued, and Jobs are LOSSED!

Since it's Christmas, and for those of you who aren't aware those of us who are real Christians celebrate until Feb 2 ending the 'Feast of the Presentation of our Lord,' I figured I'd defeat poverty for ALL of you as it seems fitting that even though very few have criticized any comments I've made, the very few individuals who have criticized the things that I've said are not only seemingly in need of conversion to Christ but also some financial assistance as perhaps their poverty represents a great and severe challenge to simply operate in this world without distraction. SO...without further adieu....YOUR'RE WELCOME...and enjoy!!

Back in 2003 I got an internship with JP Morgan studying REITS and commodities. I hated the internship and quit after 3 months but learned a lot. Then I got another internship towards the end of 2003 for Bank of America also studying real estate and commodities. I hated it but stayed for the 5 month duration and learned a lot specifically about analyzing gold, copper, silver, and uranium companies and aspects of real estate. Then I got a job as a financial strategist for the Knights of Columbus, which is where I work to this today along with some other jobs that are more fun related.

During my internships I was too young, too dumb, and too poor to take advantage of the uranium bull market. I watched Paladin Energy go from $0.01 all the way to almost $10 by 2007 and I didn't make any money off of it because I didn't invest anything. Well, the same thing is happening right now but in the Gold bull market that hasn't yet had the junior mining companies who ARE producing gold to catch up with the price of Gold, hence, here's the formula I learned....hence, Merry Christmas and you're welcome!

A standard formula for analyzing gold stocks, for example but it works for any mining commodity market, is to take the commodity price, subtract the AISC (all in sustaining cost), take that number and multiply it by how many pounds or ounces of a commodity is going to be produced per year, and then multiply that number by 8 years (standard number of years to equate fair value for a publicly traded company with perceived growth), then you take that numerator and divide by share count and you get what's called a 'target price.' It's super easy but investing does require some research...but don't worry I do this 16 hours a day and I still play a lot of chess! There are other factors such as debt, company mgt, and to be honest you do have to do a little work to get to know the company...shouldn't take more than 7 hours to research a company if you know what you're doing. I'm a little obsessive so I usually research a company a minimum of about 50 hours before investing, but again NOBODY except people me to that and I don't make more money doing it...I'm just a little unique in that sense.

Here are two examples of gold stocks that I'm invested in and here's the math pertaining to why:

First Stock:
Equinox Gold (EQX): current price $13.70
2026 base case production will be 700,000 ounces of gold, AISC is less than $2000/gold ounce, current gold price $4,340, 785 million shares, and then remember to use 8 year multiple:
[(700,000 ozAU/year) x ($4,340 AU - $2000 AU AISC) x (8 years)] / (785 million shares) = Target Price: $16.69

If gold increases to $5,000 or $6,000, then just plug in that number and you'll see some spectacular results. Plus EQX will be producing likely more ounces going into 2027, so it's all really great!

Second Stock:
Galiano Gold (GAU): current price $2.56
The question here is whether or not Ghana will go to the Sahel Alliance. I find that very unlikely and think they'll maintain loyalty to the 'West' and to ECOWAS.
Base case 2026 production of 180,000 ozAU, AISC $1,700, price of gold $4,340, and 262 million shares:
[(180,000 ozAU/year) x ($4,340 AU - $1,700 AU AISC) x (8 years)] / (262 million shares): Target Price: $14.51

The nice thing about putting this in writing is it not only benefits those that are poor to research other mining stocks on their own but for those who don't take advantage of it over time you can just watch the money made by others while you miss out on easy profits. Anyone who is not a millionaire by the end of 2030 ONLY has themselves to blame!

I told a few friends to buy bitcoin when the price was under £70 but it takes a certain mindset to utilize that info; I lack the desire of money, and my pals, who want to be rich, lack the inquisitiveness to research crypto-currencies.

Your advice could be ahem Gold-dust to investor types, so much respect for sharing, but the people who really need to get rich quick, even though they work as hard as anyone, won't do 5 hours research on their hobby, let alone 50 hours on a mining company lol
I'm assuming to seriously invest in the stock market, you'd need to have some understanding of the entire Planet, and all the funky things humans do!

Best of luck & I hope you smash it!

PS Your post reminded me of looking at the usdebtclock.org a few years ago...scary stuff :(
Peace & prosperity to all

While I am sure this advice is useful to the middle class, I'm not sure how sound it is to the average poor person (what the title suggested) for:

1. Usually if someone is poor in money they are also poor in time. Struggling to make ends meet means taking every single job, working double shifts, etc. and that leaves little time to actually research the stock market.
2. A person who is actually poor does not have leftover money because all of it goes to food and basic living expenses.
3. Even if both above were not true, they would have nothing to fall back on if what little money they invested was lost...

@greenteakitten

The beauty of where I'm going with #1 is that this is STRICTLY 'passive investing.' I teach a seminar where I invite people with 'crap jobs' to attend. These are hotel workers, gas station attendants, waiters/hostesses, etc. These people don't have time, as you astutely noted, to go to school, run a business, or really do anything except be a SLAVE to their society. So, I advocate 'collective living' and trying to work close to where you live so you don't need unnecessary expenses like a vehicle. By living collectively you're $2,400 rent can become only $700 which is very affordable. You can work, use extra time to study certain areas of the stock market poised for a downturn, then when that downturn happens you have the knowledge and the money to attack! If you have $10,000 you can buy great companies especially in the junior sector on depreciation and likely sell for an average of 500% to 2,000% gains during a bull market. Hence, if you start this at 18 years old, unless you're INCREDIBLY unlucky, you will be a millionaire by 30 as 12 years is more than enough time for any cyclical industry worth investing in.

@Tuck_Fheory

I like the idea of bitcoin, but I don't own any and I recommend others don't own it because I don't think it has 'scarcity.' For example, even though there's a finite amount of bitcoin, what's stopping me from creating "CountDorioCoin" or you from creating "ForestTuckerCoin" or anyone from creating some other cryto currency. Gold comes out of the ground in the physical sense....it's REAL so the mining companies I own give me a small percentage of REAL metal coming out of the ground and sold into a REAL market. That's my only criticism of bitcoin, but I totally agree in terms of the WHY people are buying it regarding fiat currency depreciation!

So....LiChessItes, I want to continue my UNWARRANTED and UNSOLICITED lecture on investing by getting into some ROYALTY precious metals stocks. I own a few of these and the companies I really like both royalties and streams. Royalties merely mean you own the land where the metals are mined and you get a percentage. Streams mean that you get a percentage of the physical metal to keep for yourself and sell when you like or according to your shareholders' agreement...super simple stuff and SUPER profitable.

The calculation for investing in these kinds of companies is fair value = [(Annual Earnings) x (10 years)] / share count

Let's look at two stocks I own and you'll see how goddamn easy it is to calculate and you'll see what's undervalued and overvalued. Disclaimer: you can just use yahoo finance for all of your info but I recommend reading all statements that any company that you consider investing in.

First Royalty Stock: Gold Royalty (GROY) current price: $4.08
Projected earnings for 2026: probably around $40 million due to elevated gold prices; share count: 234 million shares
Equation: [($40,000,000 per year) x (10 years)] / (234 million shares) = Target Price: $1.71
Hence, this stock is WAY OVERVALUED as the current price is way higher than the target price.

Second Royalty Stock: Empress Royalty (EMPYF) current price: $0.76
Projected earnings for 2026: probably around $45 million because silver is skyrocketing and they have silver streams; share count: 128 million shares
Equation: [($45,000,000 per year) x (10 years)] / (128 million shares) = Target Price: $3.52
Hence, if I'm right regarding higher gold and silver prices, then this stock is going to SOAR and greatly UNDERVALUED!
Disclaimer: I'll be selling at around $1.70 if I'm lucky enough to get there in the next few months.

@greenteakitten said in #3:

While I am sure this advice is useful to the middle class, I'm not sure how sound it is to the average poor person (what the title suggested)

I mean if anyone is selling you an easy, fail-proof way of getting rich, you know they are either a crook or an impostor.

There can't be rich people without poor people. I mean OP literally said in #1:

Anyone who is not a millionaire by the end of 2030 ONLY has themselves to blame!

By 2030 the world population is expected to reach 8.5 billions. So if everyone was to become a millionaire by 2030, this would amount to a total wealth of at least 8500 trillions dollars. That's about seven times more than the world GDP in 2024.

But even without playing the number game, it is plainly obvious that this can't work. For let's imagine for a second everyone becomes a millionaire. Then what? Who will clean the streets and dispose of our garbage? Who will work in factories? Who will farm the food that we eat? Obviously most people do not want to take these jobs unless they have to. And so the economy would almost immediately shut down, meaning that these millions would actually be worthless.

So (I can't believe I need to state the obvious), not everyone will become a millionaire by 2030, and for the many who won't, this won't necessarily be through some fault of their own, but simply because it is plainly impossible that everyone is.

The good news is that there are better things in life than pursuing millions.

The bad news is the game is rigged against the poor, and no matter how hard-working and determined you are, there is no easy way to get out of poverty. As James Baldwin brilliantly put it

Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.

@the-purpose

It works...just follow the numbers and follow the stocks....that's why I put it in writing!

Many people in other countries don't have the luxury in the US to buy stocks and take OWNERSHIP of a small percentage of BIG companies with HUGE profits! The only poor people in the US are the IGNORANT who don't realize how much buying power they really have. To state the OBVIOUS, poor people have credit cards....that's CRAZY!! Only rich people should have access to credit but if poor people have access to credit you can easily see how much purchasing power poor people really have and how much they'd better their lives if they spent ONLY 7 HOURS researching stock like EQX and then investing in it with a mere $10,000.

SO...we might be wondering where is the next Bull Market!????

Well, probably uranium mining but I wouldn't do that as I've been investing in it for over10 LONG years and it hasn't done much, but it will by 2035. Also, uranium mining is really tricky and convoluted and unless you're someone like me I wouldn't touch it unless you've spent about 500 hours studying the industry!

The next bull market is OIL!!!

I don't know how much oil will go up on the US freeing Venezuela from their crooked filthy socialist dictator but oil might surge to $65 over this whole thing....we'll have to see. But, in any case, there will be an oil glut coming up in March and I think oil will go down to maybe the low $50's and THAT'S the BIG OPPORTUNITY!!! Canadian oil and gas is the most depreciated in the world....but I like the following:
NOG, PBR, WES, PAA, AMKBY, and the canadian ones like: CNQ, IPOOF, ENB, and FRHLF

I also like oil tankers: HAFN, NAT, BWLP, and TRMD

HUGE dividends in the oil sector and if I'm right and oil goes down and then explodes to around $80 by 2027 there's going to be not just the dividends but life changing returns on the equity....not like what I've made in gold but probably around 200% to 300% gains.

SO....if you're poor, then you're welcome as your problems are getting solved!

@CountDorio

If you have $10,000

You are incredibly tone-deaf for someone who claims to want to help the poor. A poor person has no leftover money after basic living expenses. That's why they are called poor. As @the-purpose points out, that's why it's expensive to be poor - you don't have money to splurge on things that might be higher quality, invest, or do anything else.

I suppose my family would be considered low middle class (around 43k a year in a big city CA, supporting two or four people depending on time of year). My mother who is extremely financially savvy has managed to turn one dollar into three and we live comfortably. However, in no world would she ever dream of dumping 1/4 of the yearly salary into a venture. We aren't rich enough by any means to handle the possible risks.

You claim to talk to people whose income would be closer to 20k in the same area. Are they supposed to throw away half their income on investments and still have enough to live? Please don't tell me you actually think this is realistic.

@greenteakitten

It is realistic. Southern CA is where I was born. If my family had lived collectively, bills would have been virtually nothing and whoever owned a house could have had all of us living on the property. Families MUST live collectively in order to do this....or move to a state with no income tax....but even in such a state you need to consider some form of collective living or there's too much going to rent.

Americans generally speaking are very VERY stupid and unrealistic when it comes to money!! Let's say you have cousins, aunts and uncles, and grandparents. Most Americans think in terms of everyone having their own house or apartment...that is NOTHING but WASTED money that ENSLAVES people!

If you have 6 relatives making $35,000 per year that equals $210,000. You could buy an 8 bedroom house in Las Vegas, NV for $2,000,000 and easily make the payments. There's NO income tax in NV and Las Vegas has tons of jobs...plus the house you buy is an INVESTMENT in and of itself. You would have a VERY nice room in a general collective living environment. Excess money would be plentiful and in 10 years capitalizing on oil, uranium, maybe some REITS eventually you're entire family would be millionaires!

The math works! The problem is that people aren't taught this in school!!