http://www.moneyandmarkets.com/press.asp?cat_id=6&rls_id=679
Electrifying Investment News (by Sean Brodrick)
2/3/2007 8:00:00 AM
Did you catch the bombshell in the Wall Street Journal this week?
The Chinese government announced that inflation in China will nearly double in the next 12 months!
In a moment, I’ll tell you what I’m doing about it this coming week. But first, I want you to get a sense of how critical this is:
Look. The last time something like that happened was in the early 1970s, here in the U.S., and Americans naturally began a frantic search for ways to shield their wealth.
Luckily for us, private gold ownership had just been legalized here — and between 1973 and 1980, demand from 225 million inflation-shocked Americans launched gold prices from $64 to more than $850 per ounce.
That’s a staggering 1,228% increase in just seven years!
Here’s the kicker: China’s population is five times larger than ours was then — a mind-blowing 1.3 billion — and private gold ownership has just been made legal in China!
For the first time in more than five decades, Chinese investors and savers can buy gold to protect their assets from the ravages of inflation!
My prediction: 1.3 billion Chinese are already stepping up their buying of gold — and this news is going to drive demand off the charts!
PLUS, when you also consider the fact that the U.S. dollar is turning to mush around the globe ... and when you realize that Americans are buying gold to shield themselves and even profit from the falling dollar ...
It’s no wonder that global demand for gold is catching fire again ... prices are already jumping ... and select mining shares are positioned to explode higher.
Already, just this week, the price of gold has exploded through its established resistance levels. And now my charts are virtually screaming,
“NEW GOLD BULL MARKET HAS BEGUN — BUY NOW!”
P.S. EUR/USD sieht doch ganz gut aus!
