Next Stop for Gold is $1,000 Per Ounce!
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/MB-_UxG7Z30/17217Posted on Thursday, May 28th, 2009 | In Market Commentary
As I pen this article, gold is at $950 per ounce and I believe it will head over $1,000 in the near term. After that, my long-term target for gold is $2,000 per ounce and beyond. This is an opportunity for you to double your money. Buy gold…
We know inflation is coming due to central governments around the world printing up trillions in new currency in an attempt to pull out of this global recession. Inflation will send gold prices much higher.
In addition, gold is known as the crisis commodity and we have certainly seen geopolitical risk picking up lately.
A mad man dictator in North Korea just set off a nuclear device and shot off a few missiles. Kim Jong Il wouldn’t hesitate to sell a nuclear device to a terrorist. Even China is running out of patience and the world is about to turn the screws on the North Korean regime.
The North Korean people need to get rid of that evil regime which ran their country into the ground, and embrace freedom and democracy.
What’s more, Iran is continuing to irritate the civilized world and further isolate itself by developing nuclear weapons, rather than focusing on their faltering economy.
There is a good chance that Israel will attack Iran’s nuclear facilities if the hardliner Iranian President Mahmoud Ahmadinejad is re-elected next month.
Hopefully, the Persian people will take this opportunity to elect moderate political leaders so we can avoid a major war in the region.
War with Iran could easily escalate up to the use of nuclear weapons. Iran will become a glass parking lot and gold will be over $5,000 per ounce.
Then, you have the Taliban which is trying to take over nuclear armed Pakistan. Do you think the Taliban would even hesitate before starting World War III?
Higher inflation and geopolitical risk are just two reasons to own gold. Make sure a portion of your investment portfolio is in the yellow metal.
Source:Next Stop for Gold is $1,000 Per Ounce!
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China, contrarian profits, Islamic Republic of Iran, israel, Kim Jong Il;, Mahmoud Ahmadinejad, Market Commentary, North Korea, nuclear device;, Pakistan, printing, Taliban, USD, yellow metal
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