Earlier today, gold futures hit over 1500 per ounce, before settling a few dollars under $1500. This is a major psychological breakthrough, and is the highest record of the price of gold in the history of mankind. Sorry for sounding melodramatic, but this is major, major news.
The cause of gold continuing to spike toward the stars is simple: some people don’t trust paper currencies, some are preparing for inflation, and some are speculating. Long story short, the government’s major out of control spending is causing the spike, and speculation is making that spike increase exponentially.
I posted just a few days ago quotes from billionaires George Soros, Jim Rogers, and Warren Buffett, all explaining why the next decade isn’t going to be good for the dollar or treasuries. Cash is king and everyone needs it — but over the long haul, it’s going to get slaughtered with inflation.
Some, including the guys at the National Inflation Association, are warning of hyperinflation. I’ve written a free 15-part course on inflation that you can read here.
If you’re looking for a way to invest in gold, I’m excited to say that now SilverSaver.com allows you to invest a set amount of money every week or month in gold. So far, I’ve only used them for my silver purchases, but I’m now using them for all silver and gold purchases every single week.
I’d suggest buying at least 3-5 oz of silver every week, and as much gold every month that you can afford. That’s what I’m doing, and not just for speculation or profits — if a currency collapse does indeed happen, having any wealth at all is half the battle. It’s not about profits, it’s about security. Of course, if your portfolio is secure, it’s also probably incredibly profitable as well.
In the next few days, stay tuned — I’ll be emailing subscribers to this website a special review of an investing, finance, and economics course I just signed up for that has completely changed how I view money and economic cycles. It’s absolutely breath taking. I’m not sure if they’re accepting new members, but I’ll show you how to sign up if they are. This review is only going out via email, so make sure to subscribe to our newsletter.
Tags: gold prices