By now, I’m sure you’ve read today’s article on MSN Money about Why Gold Could Hit $5,000 and have noticed gold trading today over the $1,500 an ounce level. How high can gold prices go? I suspect the $5,000 pricetag from the MSN Money article is actually a conservative number – that’s how high. And not only that, but I would change the word “could” in the article to “likely”.
Remember when gold was priced at $900 an ounce and everyone said it was too expensive? Then $1,000, $1,100, then $1,200, etc. We’ve been urging you to buy gold today for quite some time now and must reiterate: the “Gold is too expensive” argument just does not hold water. Gold continues to trend upward and will continue doing so until someone figures out the solution to our monetary system of creating debt upon debt. In other words, gold is here to stay.
By registering to become our partner at KB Gold, you can secure a position in our organization (for free for that matter), then have access to buying pure 999.9 kinebar gold at the world’s first and only private gold currency exchange system where you simply exchange your fiat paper for gold. It doesn’t get any better or easier than this as the price of gold soars higher and higher each day. If you want to make gold your business, KB Gold essentially allows you to operate your very own quasi “gold brokerage” where you get paid commissions when others in your organization exchange their fiat paper for gold as well.
The fact remains that fears of inflation, the continuing devaluation of the U.S. dollar, the mounting geo-political landscape, and the uncertainty of the global economy are sending precious metals such as gold and silver soaring. As previously mentioned, gold is trading at all-time highs right now above $1,500 an ounce.
Is the Federal Reserve your friend? Absolutely not! They are a privately held organization motivated solely for their own shareholder profits and most likely are the cause of this entire economic debacle. As a result, some analysts are predicting gold prices to hit $5,000, and sooner than you probably think. Based on a number of fundamental factors, you can make a really solid case that that $5,000 an ounce pricetag on gold is actually a LOW estimate.
Remember, it’s all about supply and demand. And if you’re looking to pounce on an extremely attractive opportunity over the next 10 years, you better consider buying gold and/or running a business that has as its main component some element of gold bullion and precious metals. China’s looking at gold and is getting heavily invested in gold. India’s making moves on gold too. The European Central Bank has become the first “affluent” monetary authority to tighten their financial policy with regard to paper money while the Fed’s $600 billion joke of a “QE2″ program to distribute money into the economy will end in June, signaling the probable end to near-zero interest rates, all of which point to higher gold prices.
Gold has, and always will be, the traditional hedge against inflation. You need to exchange your fiat paper out of cash and into assets that will hold their value and purchasing power in a highly inflationary environment. Gold does just that. And for that reason, gold at today’s price of $1,500 an ounce can only be viewed as an absolute undervalued bargain.