Peak gold? Not a chance! Put time on your side, get educated about precious metals
today June 2008
Look carefully at the adjacent chart and ask
yourself; "Do gold prices look like they're at a historic market
top?"
Your answer to this question could make a critical
difference in whether or not you're prepared to protect your nestegg
from rising inflation and a slowing economy.
The good news? It's never too late to begin converting
some of your paper wealth into real wealth, gold and silver!
Recent headlines confirm it...
"Commodities are the first growth industry of the
21st century," reports USA Today.
"Gold is cheap. The real price of gold is a
little higher than its average since 1970, but for many
years it was below the average. The $850/oz. high of 1980,
in today’s money would be $2,300," says Dr.
Martin Murenbeeld of Dundee Wealth to Resource Investor.
"Fund managers are switching to cash and
commodities such as gold for asset allocation after profits on
managed funds lost 7.9% in the first quarter, " reports Bloomberg.
"In uncertain environments, what we all need most
is insurance. And gold is the best financial insurance you can get
over the long term," says the editor of MoneyWeek.
"The bull market in commodities will last for
another decade," says Ned Goodman of Dundee Wealth. The outlook
for gold is a steady annual increase of $100 an ounce indefinitely
because of supply-demand factors.
Gold Bubble? HaHaHaHaHa!
The latest media speculation is that gold, oil and other
commodities have now peaked in 2008. Contrary to the chatter of
uninformed analysts, you should NOT sell gold or silver during market
dips, but rather buy it!
According to Craig R. Smith, "There have been five
prior “corrections” since the bull market in gold began in
2001:
1. 2003 - Gold at $382 dropped to
$319 for a 16% correction 2.
2004 - Gold at $425 dropped to $375 for a 13% correction
3. 2005 - Gold at $536 dropped to $489
for a 9% correction 4. 2006
- Gold at $725 dropped to $560 for a 22% correction
5. 2007 - Gold at $841 dropped to $778 for an
8% correction
6. 2008 - March 17, 2008 gold hit
$1002 then fell to a low of $852 by May 1st, a 15% correction. Therefore,
if this market follows its past moves, the next up-move will take gold
prices to between $1,175 and $1,485 before the next correction. After each
correction Wall Street pundits claimed 'the gold bubble has burst!'.
Obviously they've been wrong five times and counting."
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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