When Will Gold Hit $2,000?
The Dynamic Wealth Report
October 4, 2010
For thousands of years, gold has signified value to humans. This rare
metal is prized for its beauty and workability. The ancient Egyptians
used gold to symbolize power and wealth… and sometimes the dead were
buried wearing gold jewelry.
To this day, gold is seen as a status symbol.
It can be a gold wedding ring on your finger, a gold Rolex watch on your
wrist, or gold earrings or chains… gold conveys status.
Clearly gold is a top of the line status symbol. And if you like gold, I
encourage you to start buying more today.
See, the price of gold is poised to jump significantly higher in the
very near future. And the higher gold prices go, the more valuable your
gold jewelry will become.
How high is gold going?
I’ll get to that in a moment… but first, why are gold prices moving
higher?
-------------Sponsor-------------
Where Can You Turn $300 Into $1.3 Million Right Now?
Our own small-company specialist, Robert Morris, has found a
way to 'sniff out' tiny penny stocks on the verge of a major breakout. And
the timing for this has never been better.
You see, the system takes advantage of an obscure SEC regulation that
sends penny stock prices through the roof.
We've seen some stocks gain 852%... 5,450%... even 17,496% in no time
flat.
Click here
for the details...
-----------------------------------
Gold has many uses… as jewelry of course… but also as a physical asset,
a hedge against inflation, and even as protection against the failure of
government currency. I’ll bet you didn’t know gold is so versatile.
Here’s the key… a number of these trends are boosting gold demand.
Let’s start with the simple demands for gold…
While gold isn’t used much as an industrial metal, it is widely used in
jewelry. So during the holidays when gift giving is at a peak, jewelry
demand translates into demand for gold. (Just think of all the husbands
buying their wives a piece of jewelry on Christmas Eve!)
But demand for gold is also driven by other needs.
Gold is a physical asset. When inflation is a concern, the price of hard
assets goes higher… and gold is no exception. Now, there are many forms
of hard assets, real estate is a good example. You could buy a building
and inflation will push its value higher. But gold is easier to carry,
store, hide, and trade. And the gold market is very liquid.
Having a liquid market is always important.
Just ask anyone trying to sell their real estate right now how important
a liquid market is.
There is any number of drivers to the value of gold… However, the
biggest one I see over the next few months is the US Dollar. Keep in
mind, gold is traded in the US markets and priced in US Dollars.
In just the last few months, the value of the dollar has been falling
like a rock. And that’s making the price of gold move higher.
When the US Dollar falls, it makes the price of gold cheaper to everyone
in the world! Think of it this way… if you live in Europe and you want
to invest in gold, you convert your Euros into US Dollars and buy gold…
Remember, gold is priced in US Dollars.
Well, if the value of the US Dollar falls by 10%, your Euros are now
worth 10% more. So when you go to buy gold, you have more dollars in
your pocket… You can buy more gold, driving demand (and prices) higher. It’s a cycle working to push the price of gold ever higher.
Want proof?
Just look at this chart.
As the dollar falls in value, the price of gold is rocketing higher.
This is a trend I think could last for months to come. It means we could
see gold trade as high as $2,000… and we could see $3,000 gold within a
year or two! So like I said… if you like gold, now’s the time to buy!
• Tires Industry (Up 14%)
Positive sales numbers from the automotive industry are helping to
propel auto parts companies higher. Goodyear (GT) and
Cooper Tire (CTB) are leading the group with nice
gains.
Print
Page
Bookmark Us
Home | Whitelist Us |
Terms of Use |
Privacy Policy |
Contact Us | Security |
Site Map