Gold A Win-Win No Matter What Congress Does!
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/gold-a-win-win-no-matter-what-congress-doesPosted on Friday, September 26th, 2008 | In Commodities
Contributed by: Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth) -
The worst financial crisis the U.S. has ever experienced is not over by a long shot. And that virtually guarantees much higher gold prices. In fact, in just over one week gold has gained as much as 14.5%!
And the $700 billion bailout package? Well if Congress passes it the dollar will get battered, anticipating massive money-pumping, and more inflation. If Congress doesn’t pass it or passes it with certain conditions — there’s no soothing over the markets. The crisis deepens. And what do any of these scenarios do to gold? It drives it higher!
Hence, I repeat my view from last week … if you haven’t already, look to move immediately to a 25% core gold holding in your investment portfolio.
Last 5 posts by Larry Edelson
- Chinese Researchers Confident of 8% Growth - January 7th, 2009
- China Accelerates Filling Up Its Oil Reserves - January 7th, 2009
- Cautiously, Steelmakers Raise Prices, Reopen Mills - January 7th, 2009
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
- Real values ... real opportunities ... and real money ... - December 12th, 2008
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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