Robert Perrego

The End of Gold, Part Three

In bad economic times and deflation people (individuals) are buying gold and stuffing it in safety deposit boxes worldwide. In inflationary times it is the best hedge.

In 'let's print $3 trillion worth of green paper' times it gets even more valuable.

Gold - $1200 by May, $1500 by end of year and $2000 in 2010.

Check out my call in October - article posted here. I picked the bottom clean and am riding the up gold wave fully loaded right now.

Stay on the sidelines and miss the opportunity or buy in and push my holdings higher.

I have been listening to the anti-gold crowd for three years now and all the while making money long the yellow. Wake up.

The End of Gold, Part Three

Gold is going to $2000 plus - you can make all the arguments against it but you cannot argue with this - supply has been dropping for years and there is a lot more paper out there now than there was last year - about $3 trillion more easily and probably $5 trillion (Fed's off balance sheet items they wont comment on).

$1300 by April, $1500 by end of 2009 and $2000 in 2010. GLD is up from $70 to $93 in 4 months and most gold miners are up 100% in the same time period. Sit on the sidelines and do nothing. Your loss.