The Promise of $2000 Gold

After 10 solid years of gains, many are wondering if this gold bull is over or on the verge of a bubble burst. Surely $2000 is too high? Or is it? Adjusted for inflation, $2000 is less than the peak gold price hit in 1980 of $850. So in real terms there is no precedent being set here. Before jumping to conclusions, let’s take stock of the situation and given the fact that gold is worth $1620 right now, there could be more than 20% profit to bag here.

Profit 20% in Gold Now

Gold is currently hovering at just over $1620 an ounce and is understood to be shooting for $2000. That means that if you buy an ounce of gold now, you can profit:

$2000 – $1620 = $380 profit per ounce

$380 / $1620 * 100% = 23% gain

The math is easy. The question is….Is gold shooting for $2000?

Long Term Trend

Look at the long term trend. Has it really derailed as the gold bears would have us believe? Or is it just a significant correction after a significant rally?

Gold 10 Year Chart 2000-2010

The Fundamentals

Is there any reason to believe that the fundamentals have changed?

1) Has US Debt improved? No
2) Is the Euro crisis getting any better? No
3) Is there improvement in world stability? No
4) Are world central banks buying gold? Yes

European Crisis

Global Sentiment

Look at results when you type ‘Gold $2000′ into Google.
Sentiment is up…not down.

Mike Maloney

Read this book. Rather than $2000, you’ll be discussing $5000.

“Mike has made a compelling case that sooner, rather than later, the US Dollar is going to tank and everyone will be running to gold and silver to protect their wealth.

The good news is that NOW is the time to get in on both silver and gold- before the HERD of people start rushing in. Mike states that this opportunity coming could be the best investment in history.

I’ve never read an investment book with this much passion put into it!!!”

The Dollar is Dead

The dollar is dead. Where will the wealth go? Into Euros? Really? Or gold, the ultimate store of wealth.

Or do you think the dollar is not dead? Then why is it taking more dollars to buy the same stuff? And why has its purchasing power against the basket of world currencies been waning over the last 10 years?

US Dollar Index 10 Years 2001-2010

Because it is becoming more and more devalued until it loses its global dominance i.e. dead

Disclaimer: For every bull there is a bear. You need to choose which side of the fence you are on.

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Buy Gold – September 2011 Gold Crash Price Alert

“Don’t Miss This Great Opportunity To Buy Gold At Prices That Are Unlikely To Be Seen Again”

HowMuchIsGoldWorth.com recommends

where to buy gold

Late August 2011, gold was worth over $1900 dollars and anticipation of $2000 gold was high.

Late September 2011, economic gloom and doom news from the IMF, continuing recession in the US and a rebounding dollar all contributed to one of the biggest gold and silver crashes in recent history.

The price of gold dropped more than $200 in three days!

“All Assets Were Hit…Not Just Gold…Liquidation Was The Order Of The Day”

When order is restored in the market, gold will rapidly rise back up to is previous highs and continue its bull run that has lasted over 10 years and still shows no signs of abating.

Golden Eagle Coins
Founded in 1974 by Robert W. Mangels and Richard J. Stelfox, Golden Eagle Coins began operations in 1964 by attending local coin shows.

In 1974, they opened the doors to their first shop in Adelphi, MD and since then their focus throughout the years has been on U.S. coins and bullion investing and trading.

Golden Eagle Coins is in attendance at up to 42 national precious metal shows and conventions a year and is an annual attendee at every national ANA convention each year since 1973.

In the late 90′s, management made the decision to offer its services to the average collector via the Internet and mail order

For gold bars and other precious metal bullion products, Golden Eagle Coins is one of the most trusted names in the business.

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