Back in 2002, Profit Confidential began warning readers to get back into gold investments. “I’ve been pushing gold bullion and gold shares for over a year now. Back in January 2002, I personally started buying gold shares,” said Michael Lombardi on December 13, 2002.
This gold investments guidance and analysis proved to be extremely timely. Gold bullion was trading under $300.00 an ounce when Michael first started recommending gold investments. Many gold stocks recommended in Michael’s advisories gained in excess of 100%!
Back in 2002, we started offering gold stocks analysis to our readers, and we continue to do so today. And, we have been recognized as one of the first investment letters advising its audience to jump into gold stocks very early on in the gold bull market. Many stocks we followed in the gold analysis we provided rose in price by 100% or more in short periods of time.
Profit Confidential has also been ahead of the investing curve, successfully advising readers to dump certain stocks and put the proceeds into gold investments.
In the June 2, 2005 issue of Profit Confidential, Michael noted that “Most investors in Google, surprisingly, are retail investors. And, that’s why the stock can go higher—because only 20% of the stock is owned by institutions. If the institutions jump in and buy Google, the stocks will certainly move higher.” Michael recommended Google as a buy when it was trading at $288.00 per share. On November 5, 2007, Google reached $700.00 per share, and he advised readers to sell their Google stock and put the proceeds into gold-related investments. Coincidently, gold bullion was also trading at around $700.00 per ounce. Michael’s message was to trade each $700.00 share of Google into $700.00 of gold-related stocks, because he saw gold as a much better investment.
He was right. Since then, Google has struggled to break through the $700.00-per-share level. Gold, on the other hand, touched $1,923 per ounce on September 6, and continues to trade above $1,700 per ounce.
And, gold investments will continue to shine. Gold has experienced 12 consecutive years of sequential growth. The recent weakness in gold bullion prices (more like a correction in an ongoing bull market) is a tremendous opportunity for smart investors.
The overarching driver of the price of gold will continue to be the global financial crisis and ongoing tensions in the Middle East. As a result, gold is expected to rise every quarter next year and average $1,925 an ounce in the final three months. Some analysts expect gold to rise above $2,200 an ounce. (Source: ”Soros bets big on gold as prices expected to hit record highs,” Financial Post via Bloomberg, November 20, 2012.)
Today, you can regularly find our gold analysis in Profit Confidential. Each time gold prices moved higher, we told our readers to buy more gold investments. See what we have to say about gold’s future daily in Profit Confidential.
Gold prices rising for 10 years straight…the money supply greatly expanded…the printing press for dollars running overtime…am I the only one concerned about rapid inflation? I rarely read or hear a report talking about today’s rising prices or the hyperinflation we may sustain in the years ahead. We all know prices are rising—only housing prices have remained low. Inflation is real and it is here now.
It’s a bird. No, it’s a plane. Maybe it’s Superman! Sorry, it’s none of these things; it’s your friendly central banker to the rescue again! Couldn’t believe the news yesterday morning… To calm banking concerns in Europe, mostly centered around the repercussions of a default by Greece, the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank and even our own Federal Reserve are providing three-month loans to euro-area banks.
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