Gold: Headed to $62,238 or Even $84,131 an Ounce?

America’s DAYS OF DESTINY

December 11-18, 2012

Due to the massive financial dangers now threatening your wealth, we are interrupting our normal editorial schedule to bring you a crucial series of articles designed to help you shore up your financial defenses before the new year begins. We will return to our regular publishing schedule on Wednesday, December 19. — The Editors

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I have some important ground to cover with you today, in this special column. So let me get started right away — and with a warning I want to get on the official record:

No matter what happens in the world today … no matter what happens in the markets … no matter how bad the economic news may be … nor how good …

And despite the fact that I remain short-term bearish and see gold’s price falling a bit more …

Hold on to all your core gold holdings!

That’s especially important for you to understand today because, very simply put, I believe that gold is a win-win investment. Period.

First, and foremost, there are really only two possible economic scenarios that could unfold going forward …

Scenario No. 1: [LEAST LIKELY]

The current spate of bad economic news abates … the stock market’s recent rally continues … talk of a double-dip recession recedes … the U.S. economy begins to truly recover.

All looks hunky-dory. Even in Europe.

The Federal Reserve’s efforts to save the U.S. economy and financial system succeed.

So what happens next under this, albeit least-likely, scenario?

•  The credit crunch affecting homeowners and businesses starts to ease …

•  Banks start lending more money … credit flows through the pipelines … the government’s revenues increase … the sovereign-debt crisis eases …

•  And the trillions of paper dollars the Federal Reserve has created begin to work their way through the economy.

In a year or less, normal credit creation has fully resumed. Our fractional reserve-banking system takes over and begins multiplying the lending again, up to $9 for every new dollar of money created by the Federal Reserve.

Up to $20 trillion of largely watered-down money begins to flood the U.S. economy. More than double the country’s current Gross Domestic Product.

And because it is money that had no reason for existence to begin with … and is merely monopoly money printed up by the Federal Reserve, guess what happens?

Inflation takes off to the upside like a bat out of hell. And no matter how hard the Federal Reserve tries to reverse its policies and reign in the inflation, prices for almost everything begin to move up sharply. Very sharply.

Obviously, gold will continue to do quite nicely under this scenario. How nicely? I’ll tell you in a minute. First, consider …

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Scenario No. 2 [MOST LIKELY]:

The recent slew of bad economic news continues … the U.S. economy goes from bad to worse … Europe goes into meltdown mode …

And it becomes painfully clear that Europe’s and the U.S. governments’ and central banks’ rescue efforts have failed.

Here and in Europe, it becomes clear that governments are broke. It becomes obvious we’re dealing with depressions.

The Fed and the European Central Bank pump trillions more dollars into their economies. But all to no avail.

What happens under this scenario? The euro and the U.S. dollar race each other to the bottom of the heap of paper currencies that have failed.

Both currencies dramatically lose purchasing power … and the entire Western world sinks deeply into an inflationary depression.

The world’s monetary system is effectively destroyed, and collapses in a quagmire of debts that can never be repaid.

The Bottom Line for Gold …

In Scenario No. 1, I see gold easily hitting my MINIMUM TARGET of $5,000 an ounce. No doubt about it.

But in Scenario No. 2, gold could easily exceed $5,000 an ounce. How high it could go then is anyone’s guess. $7,000. $8,000. $10,000-plus?

It’s hard to say. But I do know this: If the Fed opted to monetize our country’s 261.498 million troy ounces of gold reserves and gear it to the current national debt of $16.375 trillion …

Then you’d be talking $62,237.56 gold.

And if it decided to go even further and monetize, say, just 10% of the country’s total debts and obligations, roughly $22 trillion, you could be talking about $84,130.66 gold.

Do I think gold will get to either one of those numbers? No, I don’t.

But the exercise does prove that no matter how you look at it, gold is ultimately headed higher — much higher. And $5,000 an ounce could easily end up a very conservative figure.

Hence, gold should be your No. 1 insurance policy going forward. Don’t you forget it.

IFTHEN(FIELD9=1) {

External Sponsorship

Breakthrough Fuel Makes Oil Drilling Obsolete

It took the earth 300 million years to make the oil we burn.

Imagine if we could squeeze that whole process into just a few months… a few weeks… or even a few days. Because that’s exactly what could be happening.

At least a half-dozen labs and companies are working on this, right now.

If they get it right, we could literally "make" as much gas for your car as you need. We could make fuel for planes, trains, and diesel trucks this way too.

Find out more by clicking here.

}

IFTHEN(FIELD9=2) {

External Sponsorship

Breakthrough Fuel Makes Oil Drilling Obsolete

It took the earth 300 million years to make the oil we burn.

Imagine if we could squeeze that whole process into just a few months… a few weeks… or even a few days. Because that’s exactly what could be happening.

At least a half-dozen labs and companies are working on this, right now.

If they get it right, we could literally "make" as much gas for your car as you need. We could make fuel for planes, trains, and diesel trucks this way too.

Find out more by clicking here.

}

Whatever you do, hold on to your gold holdings, or you’ll be sorry you didn’t. And if you don’t own gold, for whatever reason, get ready to start backing up the truck.

Yes, I was bullish on gold from 2000 to its 2011 high at $1,925. And then, I called for a correction, which unfolded precisely on cue.

And although gold could fall a bit more in the short term, time is running out for gold’s correction. It won’t be long before I issue my first major buy signal in gold since the year 2000.

IFTHEN(FIELD9=1) {

Which is precisely why YOU want to make sure you don’t miss The ULTIMATE Bullion Portfolio for 2013 — a very special conference call I will be hosting this coming Tuesday, Dec. 18 at 2 p.m. Eastern.

Its twin missions:

1. To help you quickly and efficiently build a core bullion position designed to protect your wealth like a junkyard dog …

2. And also multiply your money as gold, silver, platinum and palladium prices double, triple and more in the months ahead!

Plus, I will show you a revolutionary new "fail-safe" service that makes investing in physical gold, silver, platinum and palladium bullion as quick, easy, convenient and painless as buying IBM or Microsoft stock …

The all-new bullion trading platform that gives you SEVEN huge advantages over other bullion investors:

1. It guides you to a reputable dealer — a wholesaler or refiner — you can depend on for every purchase you make …

2. It ensures you get extremely competitive prices on every ounce of gold, silver, platinum and palladium you buy …

3. It guarantees that your bullion is delivered promptly — in one or two business days …

4. It gives you the ultimate flexibility when storing your bullion — whether in your own vault or in a highly secure facility, regularly audited by a Big Five accounting firm here in the United States …

5. It makes it easy to have your bullion stored at your choice of offshore vaults in Zurich, London, Melbourne and Singapore for the ultimate in privacy and security, and …

6. It ensures that you always get an extremely competitive price when you’re ready to sell your bullion …

7. All with the ultimate in convenience … all online … all with a few clicks of your mouse!

Plus, I will help you:

— BUILD your core bullion position quickly and easily …

— DIVERSIFY your bullion portfolio using all four precious metals — gold, silver, platinum and palladium …

— BALANCE your precious metals holdings for maximum risk reduction and profit potential, and …

— TIME additional bullion investments with an eye to helping you buy lower and sell higher!

And I’ll even reveal

how you can get

FREE SILVER BULLION

for your core portfolio!

The ULTIMATE Bullion Portfolio for 2013 conference call is this coming TUESDAY, DEC. 18, 2012, AT 2 P.M. Eastern Time (11 A.M. Pacific, 7:00 P.M. GMT)

If you’re serious about protecting and growing your wealth in 2013, do not miss this call: It is absolutely free for you; simply click this link to reserve your place and to receive your instructions for listening in now.

One caveat: Because the call is in just under a week, we must have your registration right away!

Registering is free, easy

and takes only one click

of your mouse.

Simply click this link now

and two things will happen:

FIRST, your place at this all-important briefing will be assured …

AND SECOND, we will immediately send you an e-mail with instructions for attending, then reminders the day before and the morning of the briefing.

Grabbing your free registration to The ULTIMATE Bullion Portfolio for 2013 should be an extremely easy decision for you to make:

Everyone knows that Washington is committed to printing unlimited numbers of unbacked paper dollars in 2013 and beyond.

And you sure don’t need a Ph.D. in economics to know that means the buying power of your money is about to take a huge hit.

If you’re unprotected, that hit will likely mean a considerable reduction in your standard of living today … and in your financial security and independence over the long haul.

That gives you two choices — and ONLY two: You can either protect yourself with mankind’s most-powerful, time-honored inflation hedges … or you can simply stand by and watch your buying power go up in smoke.

If you choose to defend your wealth, your standard of living and your financial independence, we’re here to help.

Be sure to grab your free registration to Tuesday’s conference call — The Ultimate Bullion Portfolio for 2013 — while you can: Just click this link and your place at this crucial briefing will be reserved.

}

IFTHEN(FIELD9=2) {

Which is precisely why YOU want to make sure you don’t miss The ULTIMATE Bullion Portfolio for 2013 — a very special conference call I will be hosting this coming Tuesday, Dec. 18 at 2 p.m. Eastern.

Its twin missions:

1. To help you quickly and efficiently build a core bullion position designed to protect your wealth like a junkyard dog …

2. And also multiply your money as gold, silver, platinum and palladium prices double, triple and more in the months ahead!

Plus, I will show you a revolutionary new "fail-safe" service that makes investing in physical gold, silver, platinum and palladium bullion as quick, easy, convenient and painless as buying IBM or Microsoft stock …

The all-new bullion trading platform that gives you SEVEN huge advantages over other bullion investors:

1. It guides you to a reputable dealer — a wholesaler or refiner — you can depend on for every purchase you make …

2. It ensures you get extremely competitive prices on every ounce of gold, silver, platinum and palladium you buy …

3. It guarantees that your bullion is delivered promptly — in one or two business days …

4. It gives you the ultimate flexibility when storing your bullion — whether in your own vault or in a highly secure facility, regularly audited by a Big Five accounting firm here in the United States …

5. It makes it easy to have your bullion stored at your choice of offshore vaults in Zurich, London, Melbourne and Singapore for the ultimate in privacy and security, and …

6. It ensures that you always get an extremely competitive price when you’re ready to sell your bullion …

7. All with the ultimate in convenience … all online … all with a few clicks of your mouse!

Plus, I will help you:

— BUILD your core bullion position quickly and easily …

— DIVERSIFY your bullion portfolio using all four precious metals — gold, silver, platinum and palladium …

— BALANCE your precious metals holdings for maximum risk reduction and profit potential, and …

— TIME additional bullion investments with an eye to helping you buy lower and sell higher!

And I’ll even reveal

how you can get

FREE SILVER BULLION

for your core portfolio!

The ULTIMATE Bullion Portfolio for 2013 conference call is this coming TUESDAY, DEC. 18, 2012, AT 2 P.M. Eastern Time (11 A.M. Pacific, 7:00 P.M. GMT)

If you’re serious about protecting and growing your wealth in 2013, do not miss this call: It is absolutely free for you; simply click this link to reserve your place and to receive your instructions for listening in now.

One caveat: Because the call is in just under a week, we must have your registration right away!

Registering is free, easy

and takes only one click

of your mouse.

Simply click this link now

and two things will happen:

FIRST, your place at this all-important briefing will be assured …

AND SECOND, we will immediately send you an e-mail with instructions for attending, then reminders the day before and the morning of the briefing.

Grabbing your free registration to The ULTIMATE Bullion Portfolio for 2013 should be an extremely easy decision for you to make:

Everyone knows that Washington is committed to printing unlimited numbers of unbacked paper dollars in 2013 and beyond.

And you sure don’t need a Ph.D. in economics to know that means the buying power of your money is about to take a huge hit.

If you’re unprotected, that hit will likely mean a considerable reduction in your standard of living today … and in your financial security and independence over the long haul.

That gives you two choices — and ONLY two: You can either protect yourself with mankind’s most-powerful, time-honored inflation hedges … or you can simply stand by and watch your buying power go up in smoke.

If you choose to defend your wealth, your standard of living and your financial independence, we’re here to help.

Be sure to grab your free registration to Tuesday’s conference call — The Ultimate Bullion Portfolio for 2013 — while you can: Just click this link and your place at this crucial briefing will be reserved.

}

IFTHEN(FIELD9=3) {

Which is precisely why YOU should be ready to:

1. Quickly and efficiently build a core bullion position designed to protect your wealth like a junkyard dog …

2. And also multiply your money as gold, silver, platinum and palladium prices double, triple and more in the months ahead!

Everyone knows that Washington is committed to printing unlimited numbers of unbacked paper dollars in 2013 and beyond.

And you sure don’t need a Ph.D. in economics to know that means the buying power of your money is about to take a huge hit.

If you’re unprotected, that hit will likely mean a considerable reduction in your standard of living today … and in your financial security and independence over the long haul.

But if you choose to defend your wealth, your standard of living and your financial independence, you could see your buying power soar alongside the price of precious metals!

}

Best wishes,

Larry

IFTHEN(FIELD9=1) {

P.S. Do NOT miss next Tuesday’s conference call — The Ultimate Bullion Portfolio for 2013! In it, Weiss Research precious metals specialist Larry Edelson will help you multiply your money as gold, silver, platinum and palladium prices explode in 2013. Registration is free and takes only ONE click of your mouse. Just click this link now!

}

IFTHEN(FIELD9=2) {

P.S. Do NOT miss next Tuesday’s conference call — The Ultimate Bullion Portfolio for 2013! In it, Weiss Research precious metals specialist Larry Edelson will help you multiply your money as gold, silver, platinum and palladium prices explode in 2013. Registration is free and takes only ONE click of your mouse. Just click this link now!

}

Your thoughts on “Gold: Headed to $62,238 or Even $84,131 an Ounce?”

  1. Hi Larry,
    Just one question: do you recommend gold shares, gold royalty shares, gold backed etf’s or gold bullion?
    Thanks Roger Cook

  2. Larry, will you be receiving any “royalties” from the gold seller you will be recommending?

    Do you expect most of the elite to plunk their fortunes into gold and store it in a foreign country (if they already haven’t)?

    1. Hi FS — this company may receive commissions as part of our partnership. But, as the legal eagles want us to note, you should conduct your own due diligence to ensure the products and services offered will meet your individual needs.

  3. Hi Larry,

    When you say “gold,” does this also mean silver? Do you have recommendations for owning a proper balance between gold and silver? Or do you believe that gold is the standout wealth preserver / investment? I’ve heard many predict silver will outperform gold.

    Jakon

  4. Hmmmm……..”Yes, I was bullish on gold from 2000 to its 2011 high at $1,925.” Is this correct, all I remember is LE being bearish as gold kept going higher!

Comments are closed.