Baltimore native Luke Burgess sums up his investment success in six words...
Rational thinking in an emotional market.
Luke is a gold bug, but he is unlike most others. In fact, he outwardly objects to even being labeled as such.
Luke says, “I'm not a doomsayer. Nor am I looking to simply entertain people with a bunch of wild conspiracy theories about gold. I have been, and still am, a gold and hard assets investor to, number one, hedge against global monetary inflation and fiat currency devaluation and, number two, leverage rising demand for the metal in an environment of low market confidence. In short, I want to preserve and grow my wealth... like every other investor."
With a more levelheaded approach to precious metal investing than the traditional "gold bug," Luke Burgess has proven that rational thinking in a largely emotional market can be incredibly profitable.
Luke first became bullish on gold and other natural resource back in 2002, following a sharp decline in the value of the U.S. dollar and taking notice of extraordinary monetary policies in Asian countries at the time. With gold prices trading in a range of $300 to $350 an ounce at the time, it was a great time to be a buyer of the yellow metal.
After almost immediately finding big success — and seeing that a new, long-term gold bull market had just started — Luke began writing to other investors, urging them to also own gold, precious metals, and other natural resources ahead of future declines in the U.S. dollar and other macroeconomic factors. It was then that Luke began writing for the legendary financial newsletter Secret Stock Files, where he showed subscribers rapid, life-changing gains from a number of junior exploration and development natural resource plays.
By 2011, the Secret Stock Files portfolio was sitting on dozens of triple-digits winners... as well as several quadruple-digit gains. But it was then that Luke began to see the gold and precious metal markets as bloated and generally over-hyped. So he made a bold move...
He sold everything, even as prices were wildly increasing. Luke says, "Everyone thought I was nuts." But it turned out to be perfect timing...
Luke exited all of his precious metal positions just eight weeks prior to the correction in gold prices beginning in October 2011... the exact top of the market.
But Luke believes that, again, this was only the beginning of what's ultimately to come.