GOLD Over $900 an Ounce, All-Time High!
How high will the price of GOLD rise before YOU consider buying some?
GOLD OVER $900 AN OUNCE, ALL-TIME HIGH!
When THE KENTROVERSY PAPERS debuted in June 2005, the price of GOLD hovered around $400.00 an ounce. I encouraged my readers to invest in GOLD and SILVER, which itself was around $7.00 an ounce. From then until now, I have written approximately 45 news articles encouraging the readers of this website to invest in both.
Now, it is two years and seven months later, and the price of GOLD as I type these words, is at an all-time high of $911.00 per ounce -- a price that is more than double what it was when I began writing about GOLD in 2005. The price of SILVER went from $7.00 in the summer of 2005 to just over $16.00 an ounce, more than double the price in the summer of 2005.
The United States economy is in serious jeopardy, as if things were hunky-dory, we wouldn't be seeing these prices in precious metals. There is an inverse relationship between the price of precious metals and the Federal Reserve Dollar, which is getting decimated by the €uro currency, the Canadian dollar, the Japanese ¥en, and other leading global currencies.
The question I kept on asking remains the same:
"How high will the price of GOLD [and SILVER] have to go, before you will buy some?"
Historical Price of GOLD:
The price of GOLD has doubled in the past
The reader might think that GOLD is near the end of its' upswing, but this is untrue. GOLD will eventually hit $1500.00 and $2000.00 an ounce, so there is still some money to be made here. Likewise with SILVER, which will hit $25.00 and $30.00 an ounce, which means there is still money to be made.
Are you ready to get off your ass, and FINALLY invest some of your hard-earned cash?!
© 2008 Kentroversy Papers
All rights reserved. Used with permission.
The following sources were used in the creation of this Kentroversy Paper . . .
GOLD Hits All-Time High! (January 25, 2008)
South African Mine Halt Propels Gold, Platinum (January 25, 2008)
Gold Futures Rise 1% As Dollar Falls After Fed Cut (January 22, 2008)
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