The WealthCycles management team recently took a few days to recharge their jets and gain a fresh perspective on the rapidly evolving economic scene. The working retreat a beautiful Lake Arrowhead, California, afforded an opportunity for Michael Maloney time to sit down for an in-depth interview with silver investor John Christian of Stella Concepts.
In this video blog, Mike takes viewers back to how he got his start as a precious metals investors, then expounds on the deeply held convictions that led him to be 100% invested in gold and silver—while the precious metals cycle continues.
The word “cycle” comes from the Greek word kyklos, meaning cycle or circle. One common definition of cycle is “a periodically repeated sequence of events.”
The idea of a cycle is symbolized by a circle, which, because there is no beginning or end, represents recurrence. The symbolic circle is often divided into segments—often two, such as the Chinese yin and yang or day/night, but more often four segments, like the seasons.
A recognition and understanding of cycles is one way human beings are able to recognize patterns in data. As early humans learned that events in nature recur over and over again with regularity, they developed the ability to plan for the future, which ultimately led to advanced civilizations.
A market in which the primary price trend is upwards
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.