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Dear Newsmax Reader,
As I warned, along with my co-authors of the best-selling book Aftershock, America's economy is in jeopardy. The recent stock market rally has not been unpredictable (after all, that’s what happens when the Fed throws trillions of dollars into the economy). However, the long-term prospects for both the equity markets and the U.S. dollar are very poor. It is also evident that neither the Republicans nor the Democrats in Washington have a clear plan to pull us out of this mess. Warren Buffett said just last year that the politicians will take the easy route out: They will inflate the currency to pay off staggering debts and current obligations. Why would they do this? The government simply doesn't have the revenues to pay its obligations and service the gargantuan debt it holds. By lowering the value of the dollar, it’s easier to pay off our debt. Considering this, I argue in Aftershock that commodities, especially gold, will benefit from this looming economic disaster. Gold hit a record high of $1,424 an ounce on Nov. 9. Some think gold prices can't go much higher. They are dead wrong! In 1980, gold hit a then-record high of $850 an ounce. If we adjusted that record for inflation, gold would sell today for well over $2,000 an ounce! (Some experts think it will go as high as $8,000). There are many indicators the gold bull run is just starting. One really big reason is scarcity. There is only so much gold. And at the same time there are so few places investors feel secure in placing their money, other than gold. Consider this: The value of all gold ETFs in the United States is around $80 billion. That's less than the market cap of McDonald’s! What does this mean? It means that the gold market is still relatively untapped and could potentially sky rocket as more and more investors jump in for safety! If you agree with me that Washington has no real plan and we remain in hot water, and you think gold may still be in a bull market, I believe you can make profits with a new, exclusive gold trading program. My associate David Skarica has offered this new program to Newsmax and Moneynews readers. I liked the program so much that I have joined myself and I encourage you to do so as well. The broadcast will only be available for a few more hours, so it's urgent you watch it now! In that broadcast David describes this new program in detail. Also, I encourage you to read the important letter below the video. To see the Crisis Investing Summit Video . . . Go Here Now Thank you,
Bob Wiedemer Author Aftershock |