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Monday, September 26, 2011

Goldbuggery

Beware of investor 'tips'. There are often hidden financial ties to the investments that are being promoted. If you believe in the efficient market hypothesis, investing tips should be worthless.  Here is a "gold bug" email I got.  Be very skeptical.  

GOLD could be one of the biggest events in history–the one that could blow past what investors saw in oil, and dotcoms.
Powerful forces are at work, threatening financial chaos, yet I am bringing you one idea that could save you...

Gold could be marching to $2,500, $3,000 or even $5,000 an ounce.

Powerful forces are pushing gold to unprecedented highs. With a US currency crisis imminent, you should consider gold now. You can see that GOLD is where the opportunities have been recently...
One hundred thirty-three analysts have projected gold will hit $2,500 an ounce–90 of them say the precious metal will hit $5,000– including the original gold bug, James Dines. Still others, like analyst Peter Schiff, are calling for $10,000 an ounce gold!

Billionaire Steve Forbes is predicting a return to the gold standard while Utah defied the US government and made gold legal tender–more states are expected to follow in Utah's footsteps.

George Soros, the world's greatest investor–the man who made $1 BILLION in one day on one trade–recently pulled $800 million out of gold funds, pouring it back into GOLD MINING COMPANIES.

Gold is, and always has been, a bet against inflation and a protector of wealth. As you will see in my Special Report, we are in an inflationary spiral that's helping push gold to historic highs.






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