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Gold Hammer Through $1000 Per Ounce In The Early Hours, Silver Has Passed $16.67
By: Alex Stanczyk   Tuesday, September 08, 2009 10:45 AM

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Several years ago I started warning people there was going to be problems in the economy. This was before the sub-prime disaster of late 2007 triggered the worst financial crisis in human history.

Alot of folks thought I was crazy. I told them to get out of equities and buy gold and silver.

Alot of folks who thought I was crazy have now lost half their portfolios.

Gold is up over 54% and silver is up 65.99%.

I am telling you right now that this is not over. The fundamentals in place are more bullish now than ever before.

The US has not slowed, in fact is only increasing the printing of money.

China has flat out said they intend to buy gold, and in fact are putting in a floor under the gold price.

Global gold demand far outstrips global supply from mines and scrap recycling.

Central banks have reversed course and are now buyers.

We are witnessing the end of a fiat currency cycle.

We could be about to witness a massive transfer of wealth, the likes of which has only occurred once or twice in human memory.

Are you ready for this?



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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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