St. Joseph Partners is a service provider to individual investors and institutions focused on physical precious metals. Why do we choose this narrow vertical within finance?
Because like our clients while we hope for an ever-higher stock market, even greater real estate valuations and fixed income markets returning to the all-time highs witnessed in 2016 – we’re not betting our wealth on the notion of hope. We believe in a well balanced portfolio for the ups and downs of the markets. Investors reoggnize that your portoflio is not balanced and is not diversified if you don't own exposure to assets uncorrelated to your predominant holdings. Gold is virtually the only asset that is uncorrelated to stocks and bonds, hence its unique role in finance as a diversifier and wealth preservation tool during times of corrections.
We too are enthusiastic about a brighter future triggered by the tax cuts and are ecstatic over the reduction of regulation on businesses. What we know by looking at history though is that market cycles come and go, wealth is created and destroyed very quickly and the long-term view with a balanced approach is much better than an algorithm written by a Wall Street trader. This long term view would encourage us to buy “insurance” when insurance is cheap. Things are cheap when there is no interest, no demand. As it relates to precious metals, we are in precisely that period of investor neglect today.
Americans buy health insurance, life insurance, auto insurance, and homeowners’ insurance among others. Doesn't it make sense to protect the assets you have worked so hard for from an unlikely event? True, gold is not technically insurance. Gold makes no promises. But in some circumstances gold has something equally valuable – precedent.
As of the autumn of 2018 Wall Street darling Amazon trades at 100x free cash flow. Many other bellwether investments today also sport valuations that in hindsight have been cautionary flags. Given the valuation backdrop combined with macro concerns and unprecedented global debt issues, gold’s uncorrelated status may make a lot of sense as a portfolio diversifier for you. Whether you look at 1987, 2001, 2008 or a host of other periods where high-end financial valuations were corrected, gold has proven an attractive allocation. The more intense the correction the more valuable gold has been as was witnessed during the Great Depression when stocks traded down more that 80% from market highs while gold closed out the depression worth 70% more than it was before the great crash.
We help investors diversify into gold and handle all aspects of an allocation on their behalf from insurance to storage to safe installation to transportation and delivery around the world. We make owning gold easy and convenient.
Why did we choose the name St. Joseph Partners? In a world where investment success is often fleeting, millennia after his death Joseph’s role in finance remains as one of history’s oldest recorded gold custodians.
History also points to Joseph’s ability to navigate a treacherous political landscape, knowing when to exit his homeland and when it was safe to return home. Joseph likely used gold to fund his family's journey into Africa and his gold likely sustained them while there. Early manuscripts described him not as a carpenter but as an “artisan” suggesting more links to gold. Beyond his use of gold however, at a time when political correctness was saying that Christianity needed to be ripped out of every element of America, we wanted to stand up to that mantra and trust that if we witnessed in some small way, The Lord would honor our faith and others may be encouraged to bring Christianity back to everday life in America.