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Gold hit a new all-time high this week, and it’s not done yet. My next target for gold is $1,450, and I think it’s going to $2,300 an ounce beyond that. And after that, well, a lot depends on forces that are still taking shape.
I explore eight forces driving gold in my report, “The New Gold Rush — to $2,000 and beyond.” That report comes out today. This is your LAST CHANCE to buy this report at a special discount price. You can find the details below.
First, I want to tell you three things you need to know about gold. And I want to tell you about one investment you should be making even if you’re not doing anything else.
#1) Gold is Rare. This seems obvious, but bears repeating, because this is the crux of the argument of why gold is going higher than most people on Wall Street can imagine. Gold is so rare that the world pours more steel in an hour than it has poured gold since the beginning of recorded history.
In more physical terms, all the gold ever mined would fill a room only 66.5 feet long, deep and high. Try doing that with all the paper money in the world. One trillion dollar bills would fill more than 1,000 tractor trailers. The U.S. government debt just passed $13 trillion. Paper money isn’t scarce — governments can make it at will. They can’t do that with gold.
#2) The Rush to Trade Euros for Gold Has Barely Started. For weeks we’ve seen Greeks line up to trade their euros for gold on the steps of the Athens Stock Exchange, and the Germans are buying so many gold kruggerands that the mint in South Africa has to work overtime. But this shift from euros to gold has barely begun.
Just a few weeks ago, Jean-Claude Trichet, Chairman of the European Central Bank, promised support to the wobbly euro by agreeing to an 860-billion euro rescue package for Greece. But he should have gotten his story straight with the French government.
More recently, French Prime Minister Fillon told reporters that he can only see good things if the euro falls to reach a 1:1 parity with the greenback. At the same time, sources in the French Finance Ministry confirmed that the ECB is seeking a weaker euro and supports the French idea of letting the euro slide versus the dollar to or even below a parity level.
If France favors the euro exchanged for the U.S. dollar at 1 to 1, why the hell would you want to hold euros at 1.19 or 1.20 to one dollar? I’ll tell you what — you wouldn’t!
And so once the people of Europe catch on to what their government is doing, you can expect them to rush to exchange their euros for currencies that might hold their value or even go higher — maybe U.S. dollars, and maybe gold and silver!
When that happens, the flow out of euros and into gold could become a flood …
How high could that drive gold? Heck, gold is rare, as I just showed you. When the real panic starts in Europe, I think gold could go ballistic!
#3) Gold Is Becoming an International Currency (Again). For years, Wall Street fat cats have talked down gold. They hated it at $500 … $600 … $800 … $1,000 … and now that the yellow metal is poised to take a run at my next target of $1,450 an ounce, they hate it even more!
So why do the shadowy men in Washington and on Wall Street call gold a “barbarous relic?” That’s because gold is TRUE wealth, and can’t be twisted and defrauded by financial “engineers.” The move in gold over the past 10 years is the shining financial truth that casts light on the lies told by Wall Street.
But it’s not just Wall Street, just like it’s not just Europe. The fact is, gold is rising against ALL major currencies.
Gold isn’t just in a bull market in U.S. dollars or euros. It’s in a bull market in all the currencies of the world. This tells me that gold is becoming an international currency again. It’s the one thing that all the citizens of all the nations of the world can agree has real value.
Now imagine all the people holding those fiat (paper) currencies trying to convert just a portion of their wealth to gold.
It hasn’t happened … yet. But the signs are there. The world is losing faith in currencies that can be created by politicians for the benefit of banksters. People want to have something that is real and tangible.
I think that real currency is going to be gold. And silver, too.
We haven’t seen the mania phase yet, where everyone wants to own gold. When that happens, the scale and speed of gold’s move could shock you!
When that happens, you’ll want to be on board with my 10 hottest recommendations in gold and silver.
What You Need to Do Right Now!
If you haven’t already, start putting a small portion of your wealth in physical gold bullion — and silver, too. It will help safeguard you against the hard times that could be coming.
And if you want some safeguards for your portfolio — and you want to potentially profit from gold’s big boom to come — you should read my new report. I have 10 recommendations that are leveraged to gold and silver and could outperform the precious metals. The sky’s the limit for these picks as gold goes to $1,450 … $2,300 … and beyond.
You owe it to yourself to find out more. To do that, CLICK HERE.
The time to sit on the sidelines is over. The time to act is now!
My new report is published TODAY! These 10 red-hot precious metal picks could go ballistic if any of the eight forces I mentioned come sooner than people are expecting. As in any gold rush, the people who move early tend to get the biggest gains. Get on board this profit train now, before it leaves the station.
You’ll be one of the first to read the report. That will give you a head start on all the Johnny-Come-Latelies who will wake up and smell the coffee AFTER gold makes its big move.
Yours for trading profits,
Sean
P.S. Gold had a great 2009. But that pales in comparison to what we should see next. And by acting now, you have the chance to protect yourself from geopolitical shifts that could reshape the world — and earn a king’s ransom in profits! Get my just-published report, “The New Gold Rush — to $2,000 and Beyond.” Get it now, or you’ll wish you had.
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{ 3 comments… read them below or add one }
Beware of bandwagons friends. The “Study of Cycles” will tell you that this great move isn’t expected so soon. Gold looks to go lower for a few months yet.
REALLY APPRECIATE YOUR COMMENTS AND LEADERSHIP….RETIRED AND OLD, SO CAN’T REALLY AFFORD YOUR NEWSLETTER.
ARE YOU STILL HIGH ON SILVER AS WELL….OR CAN YOU ANSWER THAT?
THANKS FOR YOUR EFFORTS!
WYN
“If France favors the euro exchanged for the U.S. dollar at 1 to 1, why the hell would you want to hold euros at 1.19 or 1.20 to one dollar? I’ll tell you what — you wouldn’t!”
If someone wants to give 1.2 euros per dollar, I’ll take a few million.