[url]http://www.moneyandmarkets.com/press.asp?cat_id=6&rls_id=679[/url]
Electrifying Investment News (by Sean Brodrick)
2/3/2007 8:00:00 AM
(3rd-Februar-2007)
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!