Gold sieht ECHT gut aus. Nutzt diese 'Einmal-im-Leben-Chance'
Hier eine 'Leseprobe' meines Abos (vom 6. Mai 2001)...
Ganz liebe Gruesse ans ganze Board
pecunia
Dear Outstanding Investments Reader,
The hottest place for profits this year just might be in
gold. Oh, I know how easy it is to roll your eyes and
smile when you hear someone mention gold. Heck, I was
doing it myself a couple of years ago. But nowadays I'm
not so sure.
First, regardless of what anyone says, gold is a dollar
hedge. Twenty years of lousy returns doesn't change that.
It just so happens that those were terrific days for the
dollar. After all, consider what the greenback had going
for it:
-- Interest rates on long bonds that fell from 17% to 5%.
-- A Cold War won by the United States.
-- Oil supplies guaranteed for a decade after the war with
Iraq.
-- A record-breaking stock market and breakthrough
technologies.
-- One Asian debacle followed by another and almost outdone
by the euro mess.
I could go on and on, but you get my drift. Basically
every good thing that could happen to the dollar did. So
you have to think everyone that would ever want dollars has
them.
As Rick Rule of Global Resource Investments tells his
clients, when people say,"Things couldn't possibly get any
better," they probably won't. And as far as the dollar is
concerned, things can't possibly get any better. Not
unless little green men show up and trade in their space
technologies for greenbacks.
So let's assume that things may not go as well for the
dollar. What could that mean for gold? First, worldwide
gold production runs around 80 million ounces per year. In
fact all the gold ever mined -- and almost all of it is
still around -- is somewhere between 3 billion ounces,
enough to fill a 48-foot cube -- or fit into a small
gymnasium.
In fact, $21 billion would buy one year's worth of gold
production. Now that might sound like a lot, but look at
it this way -- there are trillions of dollars tied up in
the U.S. bond market. Let's take a conservative guess and
say that there is $10 trillion in U.S. bonds. If just 1%
went into gold, that would buy five years' worth of
production at current prices. Could it happen again? It
already has!
In the '70s investors were getting their hats handed to
them by skyrocketing inflation that pushed bond portfolios
to where they were selling for 50 cents on the dollar.
Where did they go? Not into the stock market. The Dow was
lower at the end of the decade than at the beginning.
Where the money went was into inflation hedges -- land,
commodities and bullion. I saw it happen - the CBS news
crammed into the small Spokane Stock Exchange, filming an
old man working his hands to the bone on the chalkboard in
a frenetic effort to keep on top of the skyrocketing bids
on penny exploration stocks.
I don't know if now is finally the time for this reversal
and run-up in gold prices. But what I do know is if it
ever gets going there will be no stopping it.
I read an interesting report the other day by Paul van
Eeden, a broker at Global Resource Investments. It is
titled, How to Make Money Investing in Worldwide
Exploration. I think you'd enjoy this informative report,
and as a courtesy to Outstanding Investments subscribers,
Paul will send you a free copy of this report, which has
some in-depth analysis of gold.
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