Gold SMASHES 1980's all-time high! Next: $1,000!

Larry Edelson here with an urgent update on gold: Starting a few minutes before 8 a.m. Eastern Time today …

• Gold smashed through its all-time record high of $877 per ounce …

• Gold surged even more — to $883 …

• Gold opened a clear pathway for an accelerated run to $1,000, and …

• Gold did what I said it would, when it would, how it would. It’s made gold investors rich and opened up the opportunity for much more to come.

Plus, it’s also sending a message that most people have not yet heard: A grave warning to all those who are mired in traditional investment instruments and 20th century investment strategies.

I’m just back from two months touring Asia, and let me tell you: I saw no change in the vibrant rapid economic growth that’s driving gold and other commodities skyward. Not in China. Not in Singapore, India, Vietnam or anywhere on that huge continent. Not one iota of a slowdown.

But when I landed in Florida, I saw a different landscape entirely: “For Sale” and “Foreclosure” signs on every block, in every neighborhood. On some streets, more than half the homes are for sale. And then, barely a week later, the worst Labor Department report of the decade — initial shock waves of a recession already beginning to strike the U.S. economy.

For the price of gold, this is dynamite: Not only massive, still-burgeoning demand for commodities from Asia, but also, at the very same time, a massive outpouring of cold cash from U.S. and foreign central banks.

Wow! In my lifetime, I’ve seen the demand-push gold rises many times. And I’ve seen the monetary-push a couple of times. But never have I seen both of these powerful forces converge in the same time and place. And that’s exactly what’s happening right now.

But …

The Consequences of Today’s Landmark,
Historic Event Go Far Beyond Gold …

The new, all-time record high in gold today denotes and foretells:

• A whirlwind of economic and financial turmoil centered in the United States

• An even more dramatic response from the Fed and governments around the world

• Plus, a massive, worldwide inflationary surge

So hold on to your hat. Stick with all the positions we’ve been recommending! And stand by for more. This is going to be one heck of a ride!

Best wishes,

Larry

About Money and Markets

For more information and archived issues, visit http://www.moneyandmarkets.com

Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Sean Brodrick, Larry Edelson, Michael Larson, Nilus Mattive, Tony Sagami, and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include John Burke, Amber Dakar, Adam Shafer, Andrea Baumwald, Kristen Adams, Maryellen Murphy, Red Morgan, Jennifer Newman-Amos, Julie Trudeau, and Dinesh Kalera.

Attention editors and publishers! Money and Markets issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph:

This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com.

From time to time, Money and Markets may have information from select third-party advertisers known as “external sponsorships.” We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our terms and conditions.