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The gold and silver market has never been stronger!
For both technical and fundamental reasons, gold and silver prices will continue to rise and outperform the S&P, Dow and other investment classes for years to come.
The U.S. dollar has lost over 97% of its purchasing power since the 1913 inception of the Federal Reserve. The U.S. Dollar came off the gold standard in 1971; the newly adopted fiat monetary system has devastated our national currency.Unknown to many Americas as of March 23, 2006, the Federal Banking committee has stopped publishing the "M3" money supply figures; we no longer know the amount of credit paper currency the government is mass producing on regular basis. Our government is spending money at an alarming rate; the gross national debt is now well over nine trillion dollars.
Since 2002, the U.S. dollar index has lost 30% while, during this same time period gold has gained more than 200%.
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Gold & Silver
Two prominent fund managers recently explained to MSN Money why they expect gold will reach $1,500 or higher. In an April 4, 2008 article, Frank Holmes, who manages the second-best-performing gold fund this year, forecast gold to reach $1,500 to $2,000 an ounce "in the next leg up." Thomas Winmill, who manages the one of the best performing metals mutual funds, believes gold could see $1,500 in the next 12 to 18 months.
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Reasons Why Gold and Silver will move higher
• Inflation
• Rising Energy Prices
• Low Interest Rates
• Falling U.S. Dollar
• Real Estate and Banking Crisis
In a March 3, 2008 article entitled "Gold Beats Financial Assets as Investors Seek Haven," Bloomberg reported that "Gold, silver, platinum and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks." "Gold, platinum and palladium may gain at least 24 percent this year as Federal Reserve Chairman Ben S. Bernanke prioritizes cutting interest rates over controlling consumer prices...."according to head traders who forecast gold may rise to $1,300 per ounce by the end of 2008. An analyst at Credit Suisse Standard Securities stated silver could rise to $25 per ounce sometime in 2008.
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Modern Day Stagflation? Buy Gold: Merrill Lynch
As we focus intensely on the implications of the escalating housing recession and subprime mortgage problems, another development has surfaced that has at least near-term...
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Gold Anti-Trust Action Committee
Bill Murphy, Chairman of the Gold Anti-Trust Action Committee believes without manipulation gold prices would be trading above $1,200 per ounce. Mr. Murphy also stated that gold may rise to as much as $3,000-$5,000 per ounce in the future.
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Robert Kiyosaki-author of Rich Dad Poor Dad
Robert Kiyosaki, stated "when the purchasing power of Gold is compared to the purchasing power of the Dow, the Dow appears to be cracking" He added "That means the average investor will need to see a 15% annual return on their stocks and mutual funds just to stay ahead of the U.S. Dollar purchasing power erosion that is, just to break even".
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