Education Īfter viewing The Toast of New York in high school, Armstrong came to believe that assets do not appreciate linearly over time and that, historically, some manner of economic panic occurs every 8.6 years. Īrmstrong has since traded under various business names, including Princeton Economics International, Princeton Economic Consultants, Inc., Economic Consultants of Princeton, Inc., and Armstrong Report, Inc. As his coin and stamp business declined, Armstrong spent more time on his commodities ventures, launching a paid newsletter in 1983.
In 1973, he began publishing commodities market predictions as a hobby. Armstrong progressed from investments in gold coins to following commodity prices for precious metals. After becoming the manager of his employer's store at the age of twenty-one, he and a partner opened a store for coin and stamp collectors. At age fifteen he bought a bag of rare Canadian pennies that for a brief period would have made him a millionaire, had he sold them before they crashed in value. Career Īt age thirteen, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. Martin Arthur Armstrong (born November 1, 1949) is an American self-taught economic forecaster and convicted felon who spent 11 years in jail for cheating investors out of $700 million and hiding $15 million in assets from regulators.
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