"I can't wait for global warming - finally my summer home in Siberia doesn't seem like such a bad investment!"
Cue the groans...
I once heard this "joke" during an investment talk at a financial conference. Word to the wise: if you're looking for comedy, avoid investment conferences at all costs. You're likely to find better jokes at a funeral home.
In any case, while it was a horrible joke, there is some truth to it.
Changing temperatures are already opening up several new areas for investment. Funny enough, Siberia could actually be one of them.
Everyone knows that Siberia is essentially the coldest place in the world. In 2013, Oymyakon - a town in the north - recorded a bone-chilling, teeth-shattering temperature of negative 95 degrees Fahrenheit!
As Tom Waits once said, "That's colder than a welldigger's ass."
It's no wonder that there are only three people per each of the 8 million square miles of the frigid wasteland. Now, that may eventually change considering that the average annual temperature in Siberia over the past 100 years has risen by 1.6 degrees and is expected to keep rising.
During that time, the melting ice will open up huge swaths of some of the world's largest mineral deposits, natural gas reserves, and oceans of oil.
However, I'm not putting down payments on waterfront properties, and it won't create too many investing opportunities for the likes of us in this lifetime. But the same thing is happening in a very specific region of the world where you can take advantage right now.
If you are really looking for fresh territory to invest in, you need to train your eye on the 8th Continent....
I'm talking about the Arctic. It is one of the last regions on Earth to remain largely unexplored.
And it's melting faster than Siberia, meaning that new drilling areas are opening up quickly. It's been widely known for some time that the Arctic is a massive source of energy, precious metals, and strategic minerals. Miners have been drooling over these resources for years, hoping for their chance to strike it rich.
The problem is that the icy conditions and environmental protections made it impossible to explore. That has changed in two huge ways...
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One, the melting ice in the Arctic is making it possible to access areas that were previously out of reach. Last year, a Russian tanker was able to travel through the Northern Arctic without an icebreaker escort for the first time in history.
Two, President Trump has relaxed environmental regulations in the Arctic National Wildlife Refuge (ANWR) to allow for drilling to commence. That will set off a frenzy of drilling activity from voracious oil, gas, and mining companies looking for their next big score.
Lloyd's of London predicts $100 billion worth of investment in the Arctic over the next decade.
My colleague Nick Hodge has been on this beat for years now, and has discovered a company operating in the region that has largely gone unnoticed...
It operates in a 350-square-mile, remote, and once-inaccessible location. This 100%-pure, untapped area contains unprecedented riches, including:
800 million ounces of silver130 million ounces of gold40 billion pounds of copperAll told, we're talking about a $2 trillion pot of money. Due to the newly-opened-up land, these critical minerals are up for grabs...
The tiny miner that Nick discovered owns multiple properties in the region and bought them years ago for pennies on the dollar. It saw the writing on the wall and locked up prime real estate well before the crowd that is piling in now.
The potential for a historic discovery is very real. I'll let Nick fill you in on what moves to take.
But I recommend that you do so today. Unlike the slow melting of the ice caps, this opportunity will not last long. It is prime drilling season right now and as soon as a discovery is made, the share price of the company could go crazy.
Godspeed,
Jimmy is a managing editor for Outsider Club and the investment director of the personal finance advisory, The Crow's Nest, and cannabis stocks advisory, The Marijuana Manifesto. For more on Jimmy, check out his editor's page.