Stock Ideas 
Investing Ideas Canadian gold stock thrives in turbulent market
Investing Ideas Canadian gold stock thrives in turbulent market 
Market Watch
| The U.S. economic ship of state is in danger of sinking. The growing imbalances in the U.S. economy, its twin budget and current account deficits, its lack of domestic savings, and the erosion of its industrial base..... | |
| More... |
Most Popular
Login Form
| Canadian gold stock thrives in turbulent market |
| Saturday, 26 January 2008 | ||||||||
Gold Primed to Follow "Black Gold" to Record Profits This Year Having doubled in price in the last three years alone, gold continues to hit record highs above $900 an ounce almost every single day. That's why most investors are having a hard time believing that gold is actually dirt cheap right now! You may know that the old record of $850 for an ounce of gold was set back in January 1980. So, when gold punched right through that ceiling three weeks ago, it was an understandably hyped event. But what most investors didn't see coming was that gold would continue on its sky-high trajectory -- now trading upwards of $900 an ounce -- and would still show no signs of slowing down.
And yet it's a fact that gold can be had today at bargain-basement prices. How is this possible? Easy, inflation. You see, the goods and services you could have bought with $850 in 1980 would today cost you close to $2,200! So, even with gold up around $900 an ounce today, it would have to soar 144% to catch up with its inflation-adjusted high from 28 years ago. Don't believe me? Just take a look at "black gold"! As oil hovers around $100 a barrel today, savvy investors realize that oil has actually breached its inflation-adjusted high of $95 a barrel from 1980. In other words, oil is currently trading at an all-time high. Meanwhile, gold is trading at a 60% discount to its all-time high! And just like we have China's enormous demand to blame for driving up the price of "black gold" from $30 a barrel only three years ago to $100 a barrel today... I'm predicting we'll have China's enormous demand to thank for sending the price of gold soaring in 2008, including one Canadian gold mining stock that could book incredible double-digit gains in the coming months! A Golden Stock That's Thriving in Today's Turbulent Markets Today, the economy looks gloomier than ever, with record-high inflation... tensions in the Middle East... the real estate crisis... the credit crunch... the shrinking dollar... just to name a few! But as this gold company's CEO recently noted, "All of this bodes well for us!" You see, when gold hit its record high 28 years ago, the U.S. was struggling with war in the Middle East and runaway inflation. In other words, the economy in 1980 -- when gold soared to $2,200 after inflation -- looked frighteningly similar to today's troubled environment. That's because gold is actually profiting from each of the above alarming conditions. And the Canadian gold mining company I'm urging you to own today could deliver you golden profits despite the turmoil in the overall markets. With more than 123 million ounces of proven gold reserves, they have $111 billion of gold at today's price of $900 an ounce... and $271 billion if gold were to break through to its inflation-adjusted high! What's more, the CEO is extremely bullish about his company's prospects for this year. He recently explained that gold prices could get even higher, and that "the fundamentals are in place for a sustained rally... Overall, we'll continue to see good numbers this year." As the overall markets continue to crumble and the price of gold continues to soar, this stock could deliver you fast double-digit profits! You'll find out the name of this stock and details on how to buy it when you try my Global Stock Investor newsletter today. Get the whole scoop on this Canadian "gold mine" Uncover the World's Undiscovered Profit Opportunities Today, I'm prepared to extend you a special invitation to try Global Stock Investor on an absolutely no risk, trial basis. Mind you, I don't offer this exclusive invitation to everyone. Just private investors like you who could profit from the little-known global investment opportunities I'll bring you every month. And if you decide these lucrative global stocks are for you, all you'll owe is $99.95 for an entire one-year subscription. That's a 60% savings off the regular rate of $249 -- and you'll immediately have access to my entire package of investor services. This is the easiest way to profit from global stocks no matter what the market's doing, including the Canadian gold mining company I'm urging you to buy before gold heads any higher! Sincerely, Nicholas A. Vardy Editor, Global Stock Investor P.S. I forgot to tell you something Citigroup just said about gold. As the economy continues to worsen, they said they expect the price of gold to break $1,000 an ounce sooner rather than later. And their top gold pick for 2008? You guessed it! It's the Canadian gold stock I'm urging you to own today.
|
||||||||
| < Prev | Next > |
|---|