IS IT TOO LATE FOR GOLD INVESTMENTS?
Not at all.
While in today's dollars gold is close to $900 an ounce, you must realize for it to reach its EQUIVALENT 1980 inflation-adjusted high of $850 per ounce, spot gold would have to exceed a price of $2,250 per ounce!
That means gold will have to rise another 150% from where it trades today just to equal the 1980 high...
... but the outlook for gold gets even better. This time there is the great potential for the price to go much, much higher.
The global situation is exponentially more dangerous today than it was in the 1970’s and 80's... we have a credit crisis with the worst to still be heard... record growing trade deficits, frivolous bailouts with no accountability, and reckless government spending... a potential trade war with the Chinese who, along with others, now hold close to $6 trillion of U.S. dollars in reserves. These and other problems put the U.S. dollar at greater risk than ever and make gold an absolute MUST for any truly diversified portfolio.