Why Gold Has to Go Over $2,000

Byron King with Agora Financial knows commodities and currencies – like physical gold. That is why when he stated two weeks ago in his above article, I took notice. He started with the usual background information about why one should own gold – including this:

“Since ancient times, gold has been a safe haven for investors worried about market volatility and political uncertainty. Even the rise of paper currencies hasn’t managed to kill the idea of gold in people’s minds. That’s because gold is no one’s liability — currencies come and go, but gold remains the same.

For that reason alone, precious metals should always have a permanent place in your portfolio. It is the ultimate hedge.”

Then, he pointed to the ever present and very popular reason to own ANY asset class when it does better than its average – potential breakout:

“But today holding gold is more important — and can be more profitable — than it’s been in years. That’s because we’re seeing a repeat of the same forces that pushed gold from $35 to over $800 between 1971 and 1980. I’m talking about things like a weakening dollar, easy monetary policies and geopolitical uncertainty.”

Byron didn’t just stop there. Two days later he wrote a follow-up entitled More Reasons Gold is Going to $2000. Again, that is $2000 gold. It discussed debt, annual physical gold production (or lack thereof – remember that gold production has been falling since 1996) and finished with this:

“You want to accumulate gold investments now, while prices are still relatively low. Sure, gold prices are at all-time highs, but they still have a long way to go…over $2,000…maybe as high as $3,000…or even $5,000!”

Amen to that. History often rhymes. Where will you be if it rhymes again? Call Lear Capital for a gold coin or gold coins (!) before history rhymes and sings to you!

Thanks,TWM