Net income for fiscal year 2016: $24.10 billion
The only European company in this list of the 10 most profitable companies in the world in 2017 is Switzerland’s independent central bank, whose yearly income has swung wildly in the past few years (e.g., $38.95 billion in income in 2014, followed by $22.82 billion in losses in 2015).
Pixeljoy/Shutterstock.com
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
The whispers are turning into roars.
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Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.
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Ground Floor Opportunity: Remember the early days of the internet?
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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.
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The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.
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By investing in AI, you’re essentially backing the future.
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Brace yourself.
There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.
And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.
While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.
But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.
Just look at this chart for the yellow metal.
After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.
Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.
But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.
With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.
According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]
Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.
