David MacGregor: The Case For Gold ————————————————————————-
Dear [[firstname]]
If you had purchased gold 12 months ago, by now you would have earned over 55% on your ‘investment”. Probably a better return that most anything else on offer.
As of writing, gold has hit a new high of $1,228/oz.
When it breached the $1,000 mark I watched as it consolidated its gains. I watched again as it breached the $1,100 mark, once again consolidating its gains. Now it’s moving up a notch yet again.
The obvious question though is this: “given gold has risen so much recently, is it not too late to be buying it, and won’t it fall again soon?”
As to the “too late” argument: that really depends on where you think gold is heading. I’m casting my lot in with people like Marc Faber, Jim Rogers, Peter Schiff and Doug Casey – who all see gold going higher – at least to $2,000/oz.
Given that scenario, it’s obvious you can still be looking at a considerable gain during 2010.
As to the “won’t it fall again soon?” argument: of course it will fall from time to time, as is the nature of the gold market. However, if you look at any chart showing the course of the gold price, you will see dips – but the overall trend is up.
And why should it continue to go up? There are many reasons, but the most compelling is that government fiat paper money is going down. Another way to think of gold is this: gold is NOT going up at all. Paper money is going down – and gold, as real money, is simply being priced in depreciating fiat currencies.
My own personal strategy is to consider gold as money, and to protect the value of my money by converting at least 50% of my cash savings into gold.
It’s easy to do, especially with the existence of two very innovative and trustworthy online gold account services.
I have gold with both of them and recommend either one or both of them for anyone wanting to purchase gold as protection against government stupidity and ineptitude.
Check them out for yourself:
=> http://www.sovereignlife.com/recommends/goldmoney
=> http://www.sovereignlife.com/recommends/bullionvault
GoldMoney has an added advantage of being able to transact with other account holders and settle payments in gold.
BullionVault has an added advantage of being able to access a live gold market and buy and sell with ease.
Both services work like bank accounts, in that you have to provide proof of ID and residential address. But once you have your account up and running, you can easily transfer funds from your linked bank account to your gold account – and back again whenever you want. So your gold is 100% liquid and can be cashed out at any time.
Last November I recommended to a friend that she convert the proceeds from a house sale into gold – which she did. And I can assure you she is very happy to have added 55% plus (and rising) to her “savings” account.
You can do the same. It’s not hard.
Check out the links above to see exactly what is on offer, and how easily you could be holding gold instead of paper. Given the fundamentals of the global economy, I believe it will be a wise move.
Yours in freedom
David MacGregor
P.S. If you have not yet downloaded my e-report “In GOLD We Trust”, then you can get it (at no charge) from here:
=> http://www.goldwarning.com/
If you had purchased gold 12 months ago, by now you would have earned over 55% on your ‘investment”. Probably a better return that most anything else on offer.
As of writing, gold has hit a new high of $1,228/oz.
When it breached the $1,000 mark I watched as it consolidated its gains. I watched again as it breached the $1,100 mark, once again consolidating its gains. Now it’s moving up a notch yet again.
The obvious question though is this: “given gold has risen so much recently, is it not too late to be buying it, and won’t it fall again soon?”
As to the “too late” argument: that really depends on where you think gold is heading. I’m casting my lot in with people like Marc Faber, Jim Rogers, Peter Schiff and Doug Casey – who all see gold going higher – at least to $2,000/oz.
Given that scenario, it’s obvious you can still be looking at a considerable gain during 2010.
As to the “won’t it fall again soon?” argument: of course it will fall from time to time, as is the nature of the gold market. However, if you look at any chart showing the course of the gold price, you will see dips – but the overall trend is up.
And why should it continue to go up? There are many reasons, but the most compelling is that government fiat paper money is going down. Another way to think of gold is this: gold is not going up at all. Paper money is going down – and gold, as real money, is simply being priced in depreciating fiat currencies.
My own personal strategy is to consider gold as money, and to protect the value of my money by converting at least 50% of my cash savings into gold.
It’s easy to do, especially with the existence of two very innovative and trustworthy online gold account services.
I have gold with both of them and recommend either one or both of them for anyone wanting to purchase gold as protection against government stupidity and ineptitude. Check them out for yourself:
GoldMoney
BullionVault
GoldMoney has an added advantage of being able to transact with other account holders and settle payments in gold.
BullionVault has an added advantage of being able to access a live gold market and buy and sell with ease.
Both services work like bank accounts, in that you have to provide proof of ID and residential address. But once you have your account up and running, you can easily transfer funds from your linked bank account to your gold account – and back again whenever you want. So your gold is 100% liquid and can be cashed out at any time.
Last November I recommended to a friend that she convert the proceeds from a house sale into gold – which she did. And I can assure you she is very happy to have added 55% plus (and rising) to her “savings” account.
You can do the same. It’s not hard.
Check out the links above to see exactly what is on offer, and how easily you could be holding gold instead of paper. Given the fundamentals of the global economy, I believe it will be a wise move.
P.S. For more on my thinking on gold I invite you to download my free e-report In GOLD We Trust, which you can get from HERE.
