The Bonus Pick Behind the “29% Account”
The Oxford Income Letter’s “29% Account” promotion carries a bonus recommendation: a precious-metals royalty company described as up 87 percent in 2025, with record revenue and operating cash flow quarter after quarter, a $3 billion war chest, and a target of 40 percent production growth by 2029. StockGumshoe’s research identifies that company as Wheaton Precious Metals, ticker WPM.
Wheaton, formerly Silver Wheaton, is the largest precious-metals streaming company in the world, now roughly 60 percent gold and 40 percent silver. Streaming means it pays miners an upfront sum in exchange for the right to buy a share of their future production at a fixed, low cost per ounce. It is a financing model that gives Wheaton exposure to metal prices without the operating risk of running a mine.
The Numbers Are Real, but the Label Is Strained
The growth figures in the pitch are real. Wheaton reported roughly $503 million in revenue, up 68 percent year over year, and about $450 million in operating cash flow, up 77 percent. One small note: those are quarterly figures that the presentation presents loosely, so the exact period deserves a second look. The broader point stands: Wheaton is high quality and cash-efficient, with few employees and low operating costs.
The strain is the “income” framing. Wheaton pays a dividend of only about 0.5 percent. That is not income in any ordinary sense. It is a capital-appreciation vehicle with an optionality kicker, not a yield instrument. At around $133 a share, with a 52-week range of roughly $91 to $166, Wheaton is a fine company that does not look cheap outside a commodity correction.
The Verdict on the Bonus
Wheaton is the strongest company mentioned in the promotion, and it is a legitimate way to own precious-metals exposure with a streaming structure that has real advantages over mining. Just do not buy it for the dividend. We put the streaming model in context with gold names in our gold stocks piece and the full offer in our Oxford Income Letter review.
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