Byepix’s token is rallying. You don’t want to miss it

Byepix’s token is rallying. You don’t want to miss it


Byepix is a great project that aims to build a Web3-Based All-In-One platform. It will offer users lots of blockchain treasures, including Virtual Life, P2E, Virtual Land, Gamefi, DeFi, SoFi, NFTs, P2E, and DAO. Moreover, Byepix will consist of multiple platforms like Marketplace, Finance, Mission, Fun, Game, Info, and Creation Platforms. According to the team, every Metaverse Project and its users will be able to access the Uniting Byepix Super-Metaverse.

The team uses WEB 3.0 technology to ensure its platform is safe, fast, and decentralized. It will also integrate various advanced digital tools. The company’s three-stage solution has the potential to make its platform the Polkadot and Solana of the Metaverses.

Furthermore, Byepix Super Metaverse will enable its customers to create their ideal life in an ideal world. The latter offers infinite possibilities and absolute freedom. At the same time, users can communicate and have fun with their friends in other Metaverses.

The company also created the platform’s native utility token. It launched EPIX on September 9, 2022. The sale will end on November 10, 2022. 1 EPIX is trading for 0.18 USD during the initial coin offering, but its value will likely increase over time. The total supply of tokens is 1,000,000,000, but only some percentage is available at this stage. The platform accepts ETH, BNB, USDT, and BUSD in exchange for EPIX.

Byepix’s goal is to develop protocols and apps that will bring WEB 3.0 innovations together for the people’s benefit. The team plans to produce sectoral solutions. To achieve that goal, it will create a Super-Metaverse – called the Byepix Virtual Star System. Besides, the company will develop protocols to provide solutions for various blockchain scaling problems. That will make Metaverse Environments safer, faster, cheaper, and more connected.


How does the Byepix platform work? 

According to the team, its platform will function as an interconnected bridge. It will connect users, projects, and business owners to one another within and between all Metaverses. Customers will find a totally new financial system and laws at Byepix Super Metaverse. In a faraway star system, players will be able to imagine infinitely, as well as play, create, and socialize across all the Metaverses. In addition, they will make money in the process.

Users can easily switch from one Metaverse to another and communicate with friends in another Metaverse or Blockchain. They can also manage all their assets across all Metaverses in Byepix’s unified single ecosystem.

However, the team has to edit and modify many types of protocols at first to support and manage such an application fully. So, web3 engineers have devised a 3-step plan in the Byepix tech lab. The company started will developing a Layer 2 Metaverse Blockchain Solution. It will help solve scaling, boundary, communication, and incompatibility issues. After that comes the Super Metaverse Protocol. With its development, the team will remove all borders between Metaverses. The last step is a Super Metaverse Application. The latter will to enables people to access the above solutions.

Moreover, the company is currently developing Byepix P2E Protocol. It will integrate this Protocol into its Game and Creation Platforms. Byepix P2E Protocol is a technological Solution. Thanks to it, the company will convert all existing or new games to Play-To-Earn within hours. The team wants to integrate this Protocol into its Game Platform to enable users to enjoy its results. Besides, Byepix will also add this feature to the Creation Platform. Thus, customers will have a chance to build games, assets, and even entire metaverses with a couple of clicks.


What benefits does the EPIX Token offer? 

The EPIX token is the platform’s utility token, and as such, it will operate as the center of Byepix’s all platforms. The token already has lots of use cases, but the team will add new ones in the future. Its holders will also greatly benefit from EPIX. The company uses BYEPIX MPP, which enables it to send EPIX tokens in a locked manner to the customers’ wallets. The transaction only needs a mutual agreement between the buyer and seller.

 Once a buyer purchases $EPIX tokens, the blockchain will allow the seller to send sold $EPIX tokens to the buyers’ wallets in a Secure Safe. This safe will open automatically when its defined time comes. In addition, MPP has a unique release system. It ensures that these locked coins won’t be released at the same time into Circulating Supply.

The company releases $EPIX Tokens with time-bound or Limited amount conditions. As a result, it will be able to control Circulating Supply and enable prices to increase organically. Thus, investors will have an opportunity to benefit hugely from their Early Investments.


Mega Token is also trending. Why’s that? 

Mega Token is another high-ranking coin that has attracted investors’ attention lately. The company launched its native token (with ticker – HPW) on April 1, 2021. However, the sale will end on December 31, 2022. 1 HPW is trading for 7 USD during the initial coin offering. The total supply of tokens is 100000000, but only 80% is available for purchase. The team decided to set aside 20% for maintenance and system costs.

Mega Token aims to offer people equal access to Defi space, with less partiality and greater profitability. It has initiated tokenizing the electrical and mining capacity of crypto-mining farms. According to the team, each HPW token will equal 1 watt of low-cost electricity from the capacity of crypto mining farms. It will also be inclusive of all costs related to maintenance, overheads, and human resources, as well as equipment and system upgrade.

The company offers enticing features. Its platform and token will be available to users from all over the world, regardless of their location, time, or gender. Moreover, HPW enables customers to use the mining technology by simply tokenizing the power of full watt.

The project uses cheap, renewable electricity. As a result, users can earn significant profits from mining. In addition, they will easily access cryptos thanks to the smart mining contracts provided by HPW. The company will also prevent various farming problems. It developed a miner production and assembly plan to ensure the latter.


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Everyone Is Predicting a Recession But No One is Acting Like It (Yet)

Everyone Is Predicting a Recession But No One is Acting Like It (Yet)

Whenever the next recession happens, every human being on the planet can take credit for calling it in advance.

Everyone and their brother has been predicting an economic slowdown for months now. I guess when the Federal Reserve tells you they are willing to throw the economy into a recession to slow inflation, you should believe them.

The weird thing is it would be hard to say we’re in a recession right now. I could always be wrong but does this really feel like a recession to you?

People are still spending money and I’m not sure 4% interest rates are going to slow them down anytime soon. It might take an actual recession with jobs losses to get people to stop.

Anecdotes never tell the entire story but allow me to share some to give you a sense of my view of consumer spending.

I went on two work trips last week — one in Boston and one in Fayetteville, AR.1

My regional airport doesn’t have a lot of direct flights so I had some layovers. Every airport was packed. I could barely find a parking spot at the Grand Rapids airport when I left. It’s October.

Why are so many people traveling? I guess when you put off travel for 18-24 months it shouldn’t come as a surprise that people want to take a vacation. I am surprised at how long this current travel boom has lasted considering its not peak season for it.2

It was unseasonably warm in West Michigan this past weekend so we loaded the kids up on Sunday morning for fall festivities. There is a farm an hour north of us with pumpkins, apple cider, playgrounds, games, shows and animals the kids can feed.

This place was bursting at the seams with millennial parents shelling out cash so they could get enough memories and Instagram-worthy pictures of their kids having fun. We’ve been to this farm on many occasions and I have never seen it as full as it was this weekend.

Then at a birthday party this weekend, some friends told us they had just gotten back from Disney. They said the parks were at capacity every day.

I’ve heard this same thing from a number of people over the past 12 months or so. The crazy thing about Disney is it keeps getting more expensive, but people keep filling the parks and spending through the pain.3 This is from a recent Wall Street Journal piece:

The biggest change in the past two years—and the most lucrative for Disney—is the introduction of a smartphone-app feature called Genie+ that costs $15 per person a day, on top of the price of admission, and allows parkgoers to skip the unreserved lines for some attractions, which the company refers to as “standby.” But Genie+ doesn’t cover everything. To skip the standby lines at the most sought-after attractions, including some Star Wars and Guardians of the Galaxy-themed rides, reservations now cost an additional $10 to $17. Standby waits for popular attractions can last hours.

At the same time, many benefits that used to be free—from parking for certain annual passholders to airport shuttles to MagicBand wristbands that serve as combination hotel-room keys and park passes—have been eliminated or now come with a price. Disney has raised prices on hotel rooms, food and merchandise over the past year as inflation has climbed to record levels in the U.S.

These are just anecdotes, of course. I’m sure you could offer some offsetting examples in the other direction.

But everywhere I go — restaurants, bars, theme parks, apple orchards, airports, etc. — places are packed with people spending money.

And don’t just take my word for it. This is what American Express CEO Stephen Squeri had to report on his company’s most recent earnings call (via Quartr):

Yes, the stock market is down 25%. Yes, the housing market appears to be rolling over. Yes, interest rates are higher, which means bond prices are down and borrowing costs are up.

But the U.S. consumer doesn’t seem to care all that much just yet. Squeri mentioned this on his call as well:

Everyone seems to know a recession is likely coming.

But everyone continues to spend money in part because they were able to build up excess savings one way or another throughout the pandemic.

The problem here is the Fed really wants households to rein in their spending but we Americans really enjoy spending money.

My biggest worry about the economy right now is that we’ve all become a little addicted to spending after the pandemic hiatus. If people keep spending down their excess savings it could actually force the Fed into hiking even further.

Everyone is calling for a recession right now but no one is acting like one is coming just yet.

That could mean one of two things:

(1) All of that excess savings could help make it a minor recession if and when it happens.

(2) All of that excess savings could force the Fed’s hand if they become enamored with slowing inflation to the point where they break something with their interest rate hikes.

Let’s hope it’s the former and not the latter if we do see a slowdown in the coming year.

Further Reading:
Has the Consumer Every Been More Prepared For a Recession?

1It was my first trip to Fayetteville and I came away bullish on Northwest Arkansas. If you want to live in a place like Austin (on a smaller scale) but don’t want to pay Austin prices, Fayetteville seems like a pretty appealing choice to me.

2I think the remote work boom is having an impact here. It’s so much easier to take vacations when you can work from anywhere.

3I went to Disney earlier this year so I know all about inflation at the most magical place on earth.


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Average, Median, Top 1% Individual Income Percentiles

Average, Median, Top 1% Individual Income Percentiles

On this page are estimated United States Individual Income Brackets for 2022. Also, find the average, median, and top 1% of individual incomes in the United States.

Individual incomes are limited to Americans who worked (or wanted to work) in 2021. Incomes are earned between January and December 2021.

Don't miss our research on household incomes.

Individual Income Benchmarks in 2022

The most important summary statistics for income – whether individual or household – are:

  • Median income
  • Average income
  • Top 1% income

Note these statistics are for all workers in the United States. To limit data to “full time” workers using your choice of 30 or 40 hours (and up) per week, compare incomes in our individual income percentile calculator.

The numbers in this section are not adjusted for inflation.

What was the median individual income?

Median individual income in the United States was $46,001. It is up from $44,225 in 2021.

What was the average individual income?

Average individual income in 2022 in the United States was $66,755, up from $63,214 in 2021.

What is the top 1% individual income?

To be a top 1% earner in the United States in 2022, you had to make $401,622. Top 1% is up from $357,552 in 2021.

Selected United States Individual Income Percentiles for 2022 and 2021

2022 vs 2021 US Individual Income Percentiles

Individual income is defined as all income earned assigned to one individual. Think:

  • Wage income (for more, see the dedicated salary research post)
  • Business income
  • Investment income
  • Other income (see the list)

Unlike the above section, this section is adjusted for inflation (CPI). You can find the details here.

On massive caution: this data isn't longitudinal. The survey does not show you what a single individual earns year over year.

2022 Individual Income Percentiles for the United States

The following chart shows the change in every income percentile year over year.

As a warning, you can't compare the brackets directly. Changes are only suggestive – note that the workforce can grow or shrink, and people can move between brackets (and into and out of the workforce).

Individual Income Percentile 2022 2021 Absolute Increase Percentage Change
1% $0 $0 $0 0%
2% $0 $0 $0 0%
3% $3 $52 -$49 -94.23%
4% $1,000 $1,040 -$40 -3.85%
5% $2,040 $2,200 -$160 -7.27%
6% $3,500 $3,510 -$10 -0.28%
7% $4,950 $4,990 -$40 -0.80%
8% $6,000 $6,000 $0 0.00%
9% $7,200 $7,171 $29 0.40%
10% $8,801 $8,500 $301 3.54%
11% $10,000 $10,000 $0 0.00%
12% $11,002 $10,703 $299 2.79%
13% $12,168 $12,000 $168 1.40%
14% $14,000 $13,000 $1,000 7.69%
15% $15,000 $14,311 $689 4.81%
16% $15,600 $15,001 $599 3.99%
17% $17,000 $16,000 $1,000 6.25%
18% $18,020 $17,020 $1,000 5.88%
19% $19,810 $18,010 $1,800 9.99%
20% $20,000 $19,404 $596 3.07%
21% $20,505 $20,000 $505 2.53%
22% $22,000 $20,104 $1,896 9.43%
23% $23,000 $21,306 $1,694 7.95%
24% $24,000 $22,400 $1,600 7.14%
25% $25,000 $23,357 $1,643 7.03%
26% $25,000 $24,003 $997 4.15%
27% $25,901 $25,000 $901 3.60%
28% $27,000 $25,050 $1,950 7.78%
29% $28,000 $26,002 $1,998 7.68%
30% $29,052 $27,003 $2,049 7.59%
31% $30,000 $28,000 $2,000 7.14%
32% $30,000 $29,000 $1,000 3.45%
33% $30,100 $30,000 $100 0.33%
34% $31,500 $30,000 $1,500 5.00%
35% $32,282 $30,199 $2,083 6.90%
36% $33,794 $31,385 $2,409 7.68%
37% $35,000 $32,111 $2,889 9.00%
38% $35,002 $33,300 $1,702 5.11%
39% $35,905 $34,830 $1,075 3.09%
40% $37,000 $35,000 $2,000 5.71%
41% $38,001 $35,700 $2,301 6.45%
42% $39,363 $36,400 $2,963 8.14%
43% $40,000 $37,671 $2,329 6.18%
44% $40,015 $38,879 $1,136 2.92%
45% $41,000 $40,000 $1,000 2.50%
46% $42,000 $40,001 $1,999 5.00%
47% $43,016 $40,600 $2,416 5.95%
48% $44,992 $42,000 $2,992 7.12%
49% $45,010 $43,000 $2,010 4.67%
50% $46,001 $44,225 $1,776 4.02%
51% $47,400 $45,001 $2,399 5.33%
52% $48,766 $46,000 $2,766 6.01%
53% $50,000 $47,200 $2,800 5.93%
54% $50,002 $48,473 $1,529 3.15%
55% $50,351 $50,000 $351 0.70%
56% $51,704 $50,002 $1,702 3.40%
57% $52,848 $50,402 $2,446 4.85%
58% $54,620 $51,850 $2,770 5.34%
59% $55,110 $52,700 $2,410 4.57%
60% $56,536 $54,100 $2,436 4.50%
61% $58,200 $55,028 $3,172 5.76%
62% $60,000 $56,206 $3,794 6.75%
63% $60,012 $58,002 $2,010 3.47%
64% $60,900 $60,000 $900 1.50%
65% $62,306 $60,010 $2,296 3.83%
66% $64,600 $61,000 $3,600 5.90%
67% $65,156 $62,601 $2,555 4.08%
68% $67,115 $64,886 $2,229 3.44%
69% $69,966 $65,400 $4,566 6.98%
70% $70,165 $67,402 $2,763 4.10%
71% $72,004 $69,887 $2,117 3.03%
72% $74,568 $70,213 $4,355 6.20%
73% $75,500 $72,281 $3,219 4.45%
74% $78,001 $75,000 $3,001 4.00%
75% $80,002 $75,815 $4,187 5.52%
76% $81,494 $78,152 $3,342 4.28%
77% $85,000 $80,011 $4,989 6.24%
78% $86,674 $82,008 $4,666 5.69%
79% $90,002 $85,001 $5,001 5.88%
80% $92,200 $87,600 $4,600 5.25%
81% $95,951 $90,055 $5,896 6.55%
82% $100,000 $93,200 $6,800 7.30%
83% $100,480 $97,027 $3,453 3.56%
84% $103,316 $100,012 $3,304 3.30%
85% $108,026 $102,200 $5,826 5.70%
86% $112,000 $107,000 $5,000 4.67%
87% $117,300 $111,300 $6,000 5.39%
88% $121,537 $118,000 $3,537 3.00%
89% $127,000 $122,485 $4,515 3.69%
90% $132,676 $129,181 $3,495 2.71%
91% $140,810 $136,000 $4,810 3.54%
92% $150,028 $145,025 $5,003 3.45%
93% $158,000 $151,660 $6,340 4.18%
94% $170,301 $160,512 $9,789 6.10%
95% $186,006 $175,300 $10,706 6.11%
96% $205,000 $196,006 $8,994 4.59%
97% $232,000 $220,005 $11,995 5.45%
98% $280,100 $259,608 $20,492 7.89%
99% $401,622 $357,552 $44,070 12.33%

Methodology on 2022 United States Household Income Brackets

I source this data from the United States Census Bureau's Annual ASEC survey, released in September 2022. I use harmonized data from the University of Minnesota's Minnesota Population Center in R.

Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren and Michael Westberry. Integrated Public Use Microdata Series, Current Population Survey: Version 9.0 [dataset]. Minneapolis, MN: IPUMS, 2021.

What is your ‘worker' screen?

Over the years – thanks to feedback (and complaints) from readers – I've improved the worker screen to include people in the workforce as well as people who want to find a job. Unlike with a monthly survey, we have to do some legwork because we want to see people who were in the workforce during all (or any) of 2021.

Here's how the screen works:

  • At least age 16
  • Labeled as ‘in workforce'
  • Report working 1 or more hours in a typical week
  • Report ‘want' or ‘maybe want' a job

How does annual income and your workforce determination compare to the employment population ratio?

You can't compare them. The employment-population ratio is a snapshot of current working conditions taken monthly. This screen is attempting to show people who were in the workforce at some point in the year, so it will be be biased higher.

Need an example? Consider a person who works a holiday job for one month in December. They would show up as “in the workforce” for my screen, though would not be in the workforce for a July monthly survey.

Is median income the same as average income?

No, median and average income are not the same. They are both descriptions of the central tendency of a data set, but tell us different things:

  • Median individual income means half of all individual workers made more, while half made less money in full-year 2021.
  • Average individual income means we add up every worker's earnings in full-year 2021 then divide by the number of workers.

Median is the most important summary statistic for income data – it demarcates the point where half of workers make more money and half make less (ignoring the workers who make exactly the median, of course! ).

Why don't these numbers match the Social Security Administration's earnings statistics?

These statistics contain more income types than the numbers from Social Security. The ASEC numbers are the gold standard estimates of income and poverty in the United States.

The Census Bureau creates the official poverty estimates for the United States. The numbers include all types of income (importantly: including investment income).

How many samples are in the 2021 and 2022 data?

  • 2022: 79,141 data-points representing an estimated 176,094,143 workers.
  • 2021: 84,967 data points representing around 174,458,178 workers.

Is individual income gross or net?

All income numbers in this post are gross income, or before tax.

Can you compare this individual income data year over year?

As mentioned above, this data is not longitudinal. It is a different set of people answering the survey than last year, people move in and out of the workforce, and the workforce changes in size. There's no guarantee that a person is in exactly the same percentile two years in a row and each percent is a varying number of people depending on the year.

Analysis of Individual Income Brackets in 2022

As with the other research, it's good fun putting these together – but I understand if this format is overwhelming. Please check out the income percentile calculator, an interactive tool presenting these numbers in (perhaps!) a more intuitive way.

As a bonus: you can also screen for typical hours worked a week!

See previous editions:

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Making Swiss Cheese Out of Economist Ideas

Making Swiss Cheese Out of Economist Ideas

I’ve read a lot of books on the markets. Most won’t teach you anything you don’t already know. A rare few hold insights you’ll never forget. And some books are so wrong, they unintentionally lead you to an opposite strategy that actually works well.

Among this last group is Burton Malkiel’s A Random Walk Down Wall Street. In it, the Princeton economist describes the stock market as a drunken sailor.

Malkiel asks the reader to picture a sailor on a corner. He wants to cross the street. But he’s drunk, so his steps are unfocused. He might take a step toward the goal. Or he might move backward or sideways. His next move is unpredictable.

In other words, Malkiel argues the stock market’s movements are random. Further, since you can’t forecast the next step, he says you should give up and be a passive investor.

I never bought that argument. Passive investors lose 50% of their money when the market falls 50%. That’s not good. Yet many economists conveniently ignore that reality.

Economists like Malkiel developed a theory to explain why you can’t beat the market. It’s the efficient market hypothesis.

Mike Carr has beaten up the efficient market hypothesis many times in these pages, and for good reason. It posits that nobody can beat the standard market averages and there’s no point trying.

Smart investors know EMH is BS. They understand that beating the market is more than possible. And, as you’ll see, so do the economists who put forward EMH in the first place.

Today, we’ll cover how we beat the market in True Options Masters. But I’ll also shed some light on another investor who’s made a name out of beating the market with his own methods…

This Makes Swiss Cheese Out of EMH

Ironically, Malkiel shared a few “anomalies” to the efficient market hypothesis. These anomalies are things the theory can’t explain. There are so many of them, they basically break the theory in half.

For example, Malkiel pointed out momentum stocks tend to beat the market. These are stocks that have outperformed the market for several months. As Malkiel says, “Stocks do sometimes get on one-way streets.” That’s one anomaly.

But wait, so do value stocks (any stock that’s valued more cheaply than the market averages and grants a high dividend)…

Oh, and so do seasonal strategies (which trade based on historical calendar patterns)… Malkiel rationalizes this one as “Stocks are subject to seasonal moodiness…”

There are plenty more anomalies just like these. So many that, after you cover them all, EMH looks like Swiss cheese.

That doesn’t mean we should throw out EMH entirely. Because those anomalies Malkiel points out are worth exploiting.

We covered two anomalies just this week.

On Monday and Tuesday, we focused on the momentum anomaly. This says stocks that went up in the last few months are likely to keep going up. We know that’s true. We see strong trends lasting months and even years on charts. So, following these stocks is one way to beat the market.

On Wednesday and Thursday, we turned to the value anomaly. This one confirms that a portfolio of undervalued stocks can beat the market. Just like with the momentum anomaly, there are some tricks to successfully exploiting value.

There are many ways to measure value. Let’s take a simple one, the price-to-earnings (P/E) ratio.

A low P/E ratio could indicate a stock is undervalued. But it could also indicate the stock is headed toward zero as the company races toward bankruptcy. Knowing the difference between the two is the trick to success.

One way to profit from value is to buy every undervalued stock in the market. Some will go to zero. But others will be big winners. If you have more wins above 100% than you do complete 100% losses, the winners should offset the losers.

This is how academics prove value beats the market. But it’s not practical. Individual investors can’t buy every one of the hundreds of stocks with a P/E ratio below the S&P 500’s. They don’t have enough money.

There’s another way to profit from value, that doesn’t require a huge amount of capital, but it’s much harder. That’s by analyzing the company. This means reviewing financial statements, the competition, and countless other metrics.

It’s a complex process. It’s difficult to do. The truth is few individuals have the skill or patience to do this.

But some live for this kind of stuff. And more than any other, these are the types of investors that don’t just beat the market, but crush it.

How Charles Mizrahi Crushes the Market

Our colleague Charles Mizrahi, one of the top value investors at Banyan Hill, has the skills to analyze companies.

It’s all he’s done for his three-plus decade career investing in markets.

Back in 2009, he released what he called an “Inevitable Portfolio” six weeks before the market bottomed.

If you’d bought every stock then, you would’ve 5X’d your money by today – beating the S&P 500 during the biggest bull market of all time.

On Wednesday, Charles released his next Inevitable Portfolio. It’s a handful of stocks that he believes will hand investors 1,000% returns over the long haul. And with stock prices down this year, there’s never been a better time to buy them.

Charles likes to talk his book. That’s why he’s putting $1 million to work right now with this approach… and he’s giving new investors a head start to invest before he does.

Get the details here before that happens.


Amber HestlaSenior Analyst, True Options Masters

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Is the Panuco District Mexico’s New Mining Frontier?

Is the Panuco District Mexico’s New Mining Frontier?

The Mexican state of Guanajuato has many claims to fame. It's the birthplace of the famous muralist Diego Rivera, the heart of Mexico's revolution and the Mexican War of Independence. It is also where the country’s mining sector began, which soon became a global powerhouse, making Mexico the top silver-producing country in the world for twelve consecutive years.

With a rich mining history that spans nearly five centuries, Mexico is home to over 20 mines, 13 of which produce silver. These include MAG Silver's (TSX:MAG) Juanicipio mine, McEwen Mining’s (TSX:MUX) El Gallo mine, America Gold and Silver's (TSX:USA) San Rafael mine and Kootenay Silver's (TSXV:KTN) Copalito silver-gold project.

The country's mining industry continues to display strong growth, with plans to invest US$5.5 billion by the end of the year, representing a 15.2 percent increase from 2021. This is in spite of a global recession, growing security problems and a recent decision by the government to raise taxes and stop granting concessions.

Although the Mexican mining sector is not without its challenges, it nevertheless remains an incredibly attractive target for mining investment, owing to its established infrastructure, large talent pool and free trade agreements with economies like Canada and the United States. The development of mining districts such as Panuco only add further promise.

A promising discovery

Although the state of Guanajuato remains one of Mexico's principal silver-producing states, it is far from the only region that shows promise. In recent years, nearby Sinaloa has become a hotbed of mining activity. The historic Panuco mining district in particular has caught the attention of both investors and mining companies, courtesy of junior mining company Vizsla Silver (TSXV:VZLA).

In September 2019, Vizsla signed a US$43 million option agreement in the Panuco district. Situated near the city of Mazatlán in southern Sinaloa, the 6,754 hectare district houses more than 86 kilometers of total vein extent, a 500 metric ton per day mill and 35 kilometers of pre-existing underground mines, tailings, facilities, roads, power and permits. Vizsla has itself noted that the project is comparable in size and geology to First Majestic Silver’s (TSX:FR) San Dimas mine, considered by many to be one of Mexico's most significant precious metal deposits.

When Vizsla began its first drill program on the site in early 2020, the results were middling at best. For a time, it seemed as though there might be little of note in the region. When COVID-19 forced a two month shutdown of exploration efforts, the company's geologists took it as an opportunity to re-evaluate their efforts.

The company resumed drilling months later and eventually discovered the Napoleon ore body, which hosted one of the highest-grade silver intercepts in Mexico's recent history.

Currently, Vizsla is engaged in a 120,000 meter, nine drill rig exploration and resource expansion program at the Napoleon vein and the nearby Tajitos vein. Unsurprisingly, the project has attracted multiple investors to Panuco, as it is now clear there is the potential for district-scale mineralization. Of these, GR Silver Mining (TSXV:GRSL) and Prismo Metals (CSE:PRIZ) are two of the most promising.

Major exploration potential

GR Silver already had a strong presence in Sinaloa before Vizsla's exploration of Panuco, with multiple gold and silver projects throughout the Rosario mining district — many in close proximity to Mazatlán. These include the 1,250 hectare San Marcial silver project, the 8,515 hectare Plomosas gold and silver project and the La Trinidad gold mine, acquired in 2021 with GR Silver's purchase of Marlin Gold Mining.

Along with La Trinidad, GR Silver also gained ownership of 12 highly prospective mining concessions that together comprise more than 107,000 hectares. Other projects owned and operated by GR Silver include El Habal, Yauco, Villa Union and El Placer II, all situated within the Rosario mining district. Notably, Villa Union also borders Panuco's western edge.

Prismo Metals currently maintains two separate mining projects — Palos Verdes in the Panuco district and Los Pavitos in the Alamos region of southern Sonora.

One of the unique aspects of the Palos Verdes property is that it is surrounded by Vizsla Silver. Prismo Metals’ CEO acquired the Palos Verdes prior to Vizsla Silver assembling the rest of the district. Prismo Metals is currently assessing the region with a drilling program set to finish in early November with a planned minimum of 2,000 meters. The drilling program is designed to test the Palos Verdes vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on its adjacent land package.

This program recently intercepted a wide vein structure with wide structural zones intersected at depth where the vein branches into multiple strands ranging from 0.5 meters to 9 meters wide, with narrow veins and veinlets separated by andesite wall rock.

Craig Gibson, the president and CEO of Prismo Metals, recently commented: “Although not yet assayed, the wider zones with multiple stages of mineralization provides additional opportunities to encounter significant high-grade mineralization that the district is known for. The veins are multistage with several crosscutting and brecciation events, and exemplary epithermal vein textures are visible in the core. Another new feature of these deeper intercepts is the presence of darker gray quartz with sulfides and some fracture fillings of sulfide minerals with relatively minor gray quartz fill in the andesitic rocks adjacent to discrete quartz veins.”

Los Pavitos is the larger of Prismo Metals' two projects. Covering 5,829 hectares over a single concession in the Alamos area of Sonora state, the project contains multiple areas of strong oxidation with mineralization that suggests either an orogenic gold deposit or an epithermal vein. The company notes that it has signed a formal access agreement with Francisco Villa Ejido, the surface owners, over the Los Pavitos project in Sonora state, Mexico, to allow for exploration work, including drilling.


The recent discoveries by Vizsla Silver and Prismo Metals’ drill campaigns have generated renewed interest in this promising jurisdiction. The Sinaloa region still represents an incredibly attractive target, with multiple high-potential discovery and exploration projects. Although these projects do carry an element of risk, they are likely outstripped by the potential returns.

This INNSpired article is sponsored by Prismo Metals (CSE:PRIZ,OTCQB:PMOMF). This INNSpired article provides information that was sourced by the Investing News Network (INN) and approved by Prismo Metalsin order to help investors learn more about the company. Prismo Metalsis a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.

This INNSpired article was written according to INN editorial standards to educate investors.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Prismo Metals and seek advice from a qualified investment advisor.

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Does It Make Sense For You?

Does It Make Sense For You?

If you’ve spent much time on investing forums or sub-Reddits (or even TikTok), you’ve probably come across the term “infinite banking” or “banking on yourself”.

The term comes from Nelson Nash who was an economist that aligned with the Austrian school of economics. Nash’s theoretical leanings certainly influenced the concept of infinite banking, but regardless of your economic ideals it’s important to ask the question is infinite banking for me. 

In this post, we’ll explain the basic concepts behind infinite banking, and explain why the concept is probably not the best way to build wealth for the average (or slightly above-average) person. Plus, we'll give you some of the big red flags to look out for – especially if someone is pitching you hard on this concept.

Editor's Note: This article has been updated over the years, and the comments below reflect some criticisms of our take. We strongly encourage you to read them, and then reflect on how you would know whether a life insurance policy being sold to you is the best for what you're trying to achieve?

What Is Infinite Banking?

If you’ve ever heard a pitch for a whole life insurance policy, one of the strong selling points for the product is that policyholders can borrow against the actual cash value of the life insurance policy. If you need to pay for an engagement ring, a child’s university bill or a new car, you can borrow against the policy.

According to Nash, an individual who has enough money in whole life insurance policies can continually borrow from himself using the policy as collateral. Under this setup, you would theoretically never borrow money from a bank again. Instead, you would borrow from yourself, and pay yourself back over time. This is the concept of “becoming your own bank”. 

The infinite part of infinite banking refers to the whole life insurance payout when you die. Since whole life insurance policies always pay out (as long as the premiums are paid), a person can continue to borrow against their insurance policy throughout their life. Upon their death, the payout from the insurance policy can go to the beneficiary and allow them to bank on themselves.

This could create something like a family bank, where now your beneficiaries (typically your children) can setup the same thing for themselves.

Practically Speaking, What Is Needed To Make Infinite Banking Work?

In general, infinite banking works best when the person banking on themselves has extremely strong cash flow. Whole life insurance policies can cost several hundred dollars per month (between five to fifteen times as much as term life insurance policies).

On top of that, building up cash value in the policies can take at least a few years, so a person has to be committed to infinite banking for it to work.

One of the big things here is to try to “superfund” the cash value as much as you can without tripping up the IRS rules around Modified Endowment Contracts (MEC). Otherwise, you could face tax consequences.

Another precondition for infinite banking is a high yield environment. Most whole life insurance policies invest in conservative investments such as corporate and government bonds. Right now, these investments trail inflation which means that policy holders are actually losing cash value relative to inflation. 

The Big Downside: The Insurance Is Expensive

The idea of having this “fund” that you can tap at any time sounds appealing, but there are always downsides. Insurance companies aren't offering these policies out of the kindness of their heart. They are offering these policies to make money, and that profit come from you. 

It's important to compare Infinite Banking and Whole Life Insurance to their alternatives. The alternative here being using a traditional bank to save and borrow if needed, and an investment firm to invest. 

When you have a whole life policy, you have the following expense considerations:

  • A well-structured whole life policy's cash value doesn't even start to break even for 5 to 7 years. Many policies aren't well structured, and you might never break even…
  • Agent commissions on these policies create a real incentive for insurance sales people to sell whole life policies that aren't always in the customer's best interest.
  • If you plan to borrow from your policy's cash balance, it's still a loan with rates ranging from 4-8% on average. You don't get free access to your cash balance.

Let's Look At Some Math

It's always easier to look at some math and see how this can work. Remember, each policy is different, and you have to look at the underlying math! 

A reader recently shared his 7 year old guaranteed whole life insurance policy with us. It was issued in 6/2012. The reader is 40, male, healthy, and got the policy then at 33, when he was probably even healthier!

It’s a guaranteed whole life policy until age 99. It has a current death benefit of $1,551,262, with a current face value of $1,549,562. The monthly premium is $1,982.72.

This reader has been paying his policy for 79 months – so he’s paid a total of $156,634 for this policy.

Guess what the current cash value is in 2019? Just $88,459.

That’s almost a -40% return of the past 7 years…

But remember, if we're looking at this through the lens of infinite banking, you're getting life insurance AND a bank account. 

If you want to separate the two – he has $88,459 in “investments/cash value” and paid $68,175 for a $1,500,000 insurance policy.

Any way you slice this it’s bad. If you wanted to get a $1.5 million term life policy, this reader would probably pay about $115/mo in a worst case. So, in the same 79 months he’s had the policy, he could have had the same insurance coverage for just $9,085. That’s a $59,090 difference! (Get a quote for yourself from the best online term life insurance companies).

I’m also assuming that he got a 0% return on his investments – because if you start changing the math on the life insurance portion, the return goes negative quickly!

And remember, we’re talking about the stock market from 2012 to 2019 – one of the longest bull markets in history! So this reader is getting a 0% return at best (likely negative though), that's just wrong.

Also, if you wanted to tap your cash value, you're still going to be paying interest on your loan – and if you're in a financial position to fund a life insurance policy like this, you are also probably in a financial position to get the best loan rates available.

This is an example of a really poorly structured whole life insurance policy, but I think it illustrates what can happen very well. You spend a lot of money on insurance, and you don't get the benefits promised by an insurance sales person. 

Related: You might have heard of an insurance policy/investment called MPI or Maximum Premium Indexing. Read this article on MPI and see some math about how these policies might work in practice.

Comparing The Alternatives

Remember, we're looking at two things here: life insurance and banking.

If you want to look at just getting life insurance, we recommend term life insurance. The goal of life insurance is simply to protect your family if you die and they lose your income. A good 20 or 30 year term policy should work for most. By the time you're 65, you shouldn't have people relying on your income – your kids should be grown, and you should have your own retirement savings.

If you want lifetime protection, look at Guaranteed Universal Life before a whole life policy. It's more expensive than term, but less expensive than whole.

In our situation above, our reader would pay just $115/mo for $1.5 million in term life insurance (in a worst case – in a best case this could be as low as $40/mo). Compare that to his current whole life insurance premium of $1,982.72.

You would save $1,867 per month NOT doing this. That's $22,404 per year. 

Remember this reader's cash value after 7 years – $88,459. Well, if you didn't do anything by save the difference in premiums, you'd have that same amount saved in less than 4 years. In 7 years, assuming 0% interest, you'd have saved $156,828 saved. That's just the difference in premiums. And remember, you can get 3%+ in high yield savings accounts right now.

If you wanted to borrow money, if you can afford to spend $2,000 on insurance, you probably are a highly qualified borrower and can get top tier rates. Maybe even better than what your insurance company would charge to borrower from your whole life policy. 

Finally, a big argument for these policies is that they are safe, forced savings. It's the argument that you won't save for yourself, and you won't invest the difference. And that you'll need this cash value in the future.

Well, if you're speaking to someone to setup this type of arrangement, you're also probably savvy enough to save on your own. And you're also probably savvy enough to speak to a financial planner than can help you properly setup your retirement.

Should The Average Person Pursue Infinite Banking?

At first blush, infinite banking sounds like a somewhat inefficient way to save money first and then spend it. In fact, until you have very strong cash flow, that’s exactly what it is.

If you want to “bank on yourself” and escape the tyranny of modern banking, an easy way to do it is to save money by earning more and spending less than you earn. That way, when you need to make a big purchase, you’ll have the cash you need to do it.

That said, for the mega-high income and mega-wealthy person, infinite banking could make some sense. Whole life insurance policies have certain advantages (cannot be garnished in a lawsuit for example), and could make sense for estate planning purposes (if you're looking at estate tax liability). The ability to draw down the cash value for investment or consumption is basically an added benefit.

Are you mega-wealthy ($10m plus in liquid assets)? If so, ask your financial advisor about infinite banking. If you’re not, skip the infinite banking for now, and work on saving cash for you next purchase and making long term investments.

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