-- Posted Wednesday, 12 April 2006 | Digg This Article
Gold will climb to four-digit prices in the next few years. Actually the climb to “4 figures” will probably be even a lot sooner than that.
Wow!
Look at the gold chart below!
Gold finally after so many years in a bear market is finding its true value.
My oh my how the world does change. As we have said so many times a climbing gold price is simply a barometer of a lot of financial crap that is beginning to seriously pile up behind the scenes.
“Gold hits $600. Now what?” “Traders say investment shift sets up $1,000 price by 2010” “Gold has reached $600 an ounce for the first time since 1981 but the real surprise will be where it goes from here, with experts predicting a drop in the near term that could clear the way for FOUR-DIGIT PRICES IN THE NEXT FEW YEARS.” - click here!
Who would have thought just a scant five years ago that we would ever see 600 an ounce plus gold? Who a mere few years ago would have thought we would see Katie Couric as CBS News Anchor?
“Katie Couric announced yesterday that she will step down as co-host of NBC's "Today" show to become anchor and managing editor of "The CBS Evening News…” - click here!
Well, the nay sayers will have to swallow their pride and get used to 600 plus gold now.
And just as gold is bringing a lot of fun by climbing ever higher and upsetting those who wished to see the yellow metal die now the world will also have loads of fun observing Katie carrying the evening news every night.
“Her 15 years on "Today" consisted of feel-good fare punctuated by almost daily zingers against Republican guests and conservative issues.” - click here!
It looks like it will be Katie as the new CBS news anchor reporting to the world when gold climbs past 1,000 an ounce and beyond. And she will be giving us the latest on inflation as that problem comes back into the fore front of the news again.
"Gold at $600 an ounce might be a surprise to many, but these are the same people that were surprised when gold hit $300, when it broke $400 and when it moved to over $500," said Emanuel Balarie, a senior market strategist at Wisdom Financial.” "Most likely, they will still be surprised when gold hits $1,000 an ounce…"
- click here!
Are you one of those surprised to see gold now flirting with 600 an ounce? It is sad that most folks cannot see the gold price simply as a barometer telling the world that there are some major financial problems crying out to be addressed.
"The typical investor has yet to discover the attractiveness of this asset -- the gold price is just starting to reflect this move as investment dollars flow in…" "…paper currency is not favored right now -- which shifts demand towards gold…" “(Peter) Spina sees $650 to $700 then "onwards to over $800 ($825-$875)" within two years.” “If the move to $620 occurs in a relatively quick manner, Balarie predicts that gold prices will close above $700 before the end of the year.” “But gold's rally won't likely stop there, according to John Stafford, editor of Stafford's Investment Strategy Letter, who expects gold to "peak on this cycle" in 2020…” “"This is just the beginning of a gold move to $4,000-plus by 2042 -- when Social Security is 'scheduled' to go bankrupt…" - click here!
There is a new era in the world with the coming advent of inflation and other serious problems developing on the horizon. And this is why gold continues to climb higher every day now.
“She (Katie Couric) once opened a show by calling former President Ronald Reagan "an airhead." - click here!
Yes, we are entering a totally new and exciting era all across the board.
In the coming years we will see a devastated and shattered real estate market. I just talked with a friend of mine who returned from Hilton Head with his wife this last weekend. He tells me that real estate down there has plummeted 40%. The real estate bubble appears to be one slowly leaking bubble that will take a while for all the air to let out. And as the air slowly exits the real estate balloon the US dollar will continue its slow and continuous descent.
And all these news events will be reported by a new generation of evening news anchors. If only Tom, Dan and Peter could have remained in their news seats for a few more years.
And what other changes are we going to see in the coming years?
“But jobs are not the only things in flux today. Other things are changing rapidly too - pensions, retirements, savings...and even life expectancy. WE IMAGINE THAT THE LANDSCAPE IS GOING TO LOOK SHOCKINGLY DIFFERENT ON A NUMBER OF FRONTS IN THE FEW NEXT DECADES, WHETHER WE WANT TO BELIEVE IT OR NOT.” “At any rate, it seems that gold believes it. It has been warning us about something.” “Our guess is that gold is looking ahead and seeing a number of things it doesn't like: recession in America, defaults, and a slow-down in the world economy. Normally, these things wouldn't cause the price of gold to go up...BUT THIS REALLY IS A NEW ERA IN MANY WAYS. Never before have so many people in America been so vulnerable to an economic downturn. And never before have so many foreigners held so much U.S. debt.” The Daily Reckoning, London, Friday, April 07, 2006
Let’s repeat part of what we just read above.
“…the landscape is going to look shockingly different on a number of fronts in the next few decades, whether we want to believe it or not.”
Yes, prepare for a shockingly different future than anything we have ever seen in our life times. And of course inflation will dominate the news scene totally by the end of this decade.
“Inflation concerns dominated Wall Street Thursday…” “…fears remain that chronically high prices will eventually drive prices up throughout the economy and spark inflation.” “…another potential catalyst for inflation.” - click here!
Inflation, inflation, inflation…
“The potential is still there for the gold price to go much higher, with a prediction from Perth broker Hartleys that it could go above $1000 (Aus) an ounce.” "The heated price environment is directly linked to increasing global inflation…" “That view supported an earlier comment by South African gold miner Gold Fields Ltd's business development director John Munro [who] said the buying of gold by central banks, steady jewellery consumption and declining mine supply would push the price higher.” "We can see substantial upside in the gold price from where it is today,"said Mr Munro.”"While the man on the street has noted that inflation is live and well, even central banks are starting to take pre-emptive actions to raise interest rates in order to try and curb inflationary expectations.” - click here!
I suppose the mantra today is that change is coming at us faster and faster. Its time to get out of debt and invest in gold and silver.
Roger Wiegand – “…gold and silver are undoubtedly entering a newer and faster bull market phase.” “…this morning of 4-7-06, Bloomberg News has reported just that. Bloomberg did a survey (4-7-06) and they said, “19 of 30 traders, investors, and analysts worldwide advised buying gold…” “In our reports, we have often predicted that once the funds and larger speculators moved into gold, the entire posture of this market would be changed. Now this is happening and THINGS ARE INDEED CHANGING RAPIDLY.” - click here!
Listen below to the words of Dennis Gartman.
“People around the world are simply avoiding currencies and moving into gold,” said Dennis Gartman, editor of the Suffolk, Virginia-based Gartman Letter. “They're shunning debt, and they're shunning dollars and euros and yen. They're buying assets and tangibility.” - click here!
Are you getting out of debt also? My wife and I just sold our house to liquidate our debt. Just sold a condo in Panama City also to consolidate finances. I believe in just a few more years real estate will be selling for a discount every where.
“Sprott Securities says metal commodity prices will remain strong for at least the next four or five years supported by a combination of strong demand and lagging supply growth.” "I think that the (high price) environment is poised to last for the next four to five years...because of the lack of the supply. You can't snap you fingers and bring new mines on," David Stein, institutional analyst at Sprott Securities, told Reuters on the sidelines of a European Investor mining and metals forum in London.” - click here!
And listen to the words of Bobby below as he informs the world that gold continues to get scarcer and scarcer.
“Gold set to become even scarcer” “Bobby Godsell, chief executive of AngloGold Ashanti, predicted that worldwide gold production would stagnate, then fall in the coming years as large deposits of the precious metal become scarce.” - click here!
So, the title to our article was “After 600?” We can answer that question easily enough. Next there will be 700, 800, 900, 1,000 and above a thousand? This really is more than just a nice gold rally. What we are witnessing is a “signal event” warning us to batten down the financial hatches, get out of debt and invest in gold and silver.
Gold Letter reviews under valued gold & silver stocks that are poised to climb ever higher with a rising gold price. Subscribe to Gold Letter quarterly or for LIFE! ü - click here!
"Success isn't built on success; it's built on failure, frustration and sometimes catastrophe."-Sumner Redstone
Comments? Thanks for coming by & please do come back.
David N. Vaughn
Gold Letter, Inc.
David4054@charter.net
Readers are advised that the material contained herein is solely for information purposes. The author/publisher of this letter is not a qualified financial advisor & is not acting as such in this publication. Gold Letter, Inc. is not a registered financial advisory. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment related advice. All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Authors of articles or special reports contained herein may have been compensated for their services in preparing such articles. Gold Letter and/or its affiliates may receive compensation & or stock options for the featured company’s right to publish & reprint & to distribute this publication. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted Wednesday, 12 April 2006 | Digg This Article
