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