Sunday, November 22nd, 2009

Next Stop for Gold is $1,000 Per Ounce!

May 28th, 2009 | By Ted Peroulakis | Category: Financial News, Gold Market

As I pen this article, gold is at $950 per ounce and I believe it will head over $1,000 in the near term.  After that, my long-term target for gold is $2,000 per ounce and beyond.  This is an opportunity for you to double your money.  Buy gold… 

We know inflation is coming due to central governments around the world printing up trillions in new currency in an attempt to pull out of this global recession.  Inflation will send gold prices much higher.

In addition, gold is known as the crisis commodity and we have certainly seen geopolitical risk picking up lately.

A mad man dictator in North Korea just set off a nuclear device and shot off a few missiles.  Kim Jong Il wouldn’t hesitate to sell a nuclear device to a terrorist.  Even China is running out of patience and the world is about to turn the screws on the North Korean regime.

The North Korean people need to get rid of that evil regime which ran their country into the ground, and embrace freedom and democracy.

What’s more, Iran is continuing to irritate the civilized world and further isolate itself by developing nuclear weapons, rather than focusing on their faltering economy.

There is a good chance that Israel will attack Iran’s nuclear facilities if the hardliner Iranian President Mahmoud Ahmadinejad is re-elected next month.

Hopefully, the Persian people will take this opportunity to elect moderate political leaders so we can avoid a major war in the region.

War with Iran could easily escalate up to the use of nuclear weapons.  Iran will become a glass parking lot and gold will be over $5,000 per ounce.

Then, you have the Taliban which is trying to take over nuclear armed Pakistan.  Do you think the Taliban would even hesitate before starting World War III?

Higher inflation and geopolitical risk are just two reasons to own gold.  Make sure a portion of your investment portfolio is in the yellow metal.

Source:Next Stop for Gold is $1,000 Per Ounce!



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By Ted Peroulakis

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Ted PeroulakisTed Peroulakis, MBA graduated from Florida State University and received a Bachelor of Science in Finance. He has also earned his MBA from the University of Miami. Ted has over 14 years of experience in the financial industry and he is a top performing options trader and financial analyst. He was trained in the World Trade Center by Morgan Stanley Dean Witter and gained financial market experience as a stock broker on Wall Street. Ted is a contributor to the Investor’s Daily Edge.

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Investor's Daily Edge is a free investment e-letter delivered every day before the market opens. In each issue you'll receive clear recommendations and practical strategies for protecting your portfolio and multiplying your money, whether the market is rising or falling.

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