According to this Forbes.com newsletter I just received, we should be investing in GOLD, big time.

Here is what they have to say:

“First – Buy Gold!

Gold is a currency.  Gold is real money, but it’s unique from all the other currencies.  All currencies, with the exception of gold, are fiat currencies.  They are synthetic.  Over time, they all fall, but at different rates.  This can give you an illusion of strength when one currency is not falling as fast as the rest.  Gold has held its value and has proven its merit during the panic liquidation we saw in 2008.  Yes, gold sold off.  As the debt markets imploded, investors and money managers were forced to sell anything and everything, regardless of value, to raise cash in order to pay off loans.   Gold was not exempt and that presents you with a major buying opportunity”

“Everyone needs to own some gold, and you need to consider gold in your portfolio now.  Our report “Gold Expectations“ will give you the tools to assist you in finding the best gold buys.  The report further details just why the Obama victory and debt deleveraging has created a rare entry point into the gold market and just how you can exploit it.

With the fundamentals and technical aspects as bullishly aligned as they are presently, buying gold at $900/oz. is as close to a slam dunk as you will ever find in the markets.  Buying gold while egregious monetary and fiscal programs are being instituted is almost like buying fire insurance after your house burns down.  There is still some time, but no one knows how much.  The bargains will not last forever.  Once gold breaks to new highs and you begin seeing $50 to $100 daily up moves, it will be too late.  If you do nothing more than pick up a few shares of Goldcorp (GG-NYSE) under $28.00, you should fare well by this time next year.”

Time to call the broker.

Tags: buy gold, forbes.com, gold for investment, potfolio

This entry was posted on Wednesday, April 29th, 2009 at 12:37 am and is filed under Fashion Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.