|Larry Edelson and Martin D. Weiss, Ph.D.|
For any awards to be given for the best investment call of the year, I’m nominating Larry Edelson’s prescient forecast that gold would tumble to $1,380 per ounce, or lower.
And I do so for a number of reasons:
First — because he’s been so consistent and persistent. Larry began issuing these strident warnings soon after gold reached its all-time peak in 2011, and he’s been repeating them ever since.
Second — because he has made every effort to get the word out to as many investors as possible, including all the readers of his Real Wealth Report, our Money and Markets, and our Uncommon Wisdom Daily.
Third — because Larry is not among the die-hard gold naysayers who are permanently bearish on the yellow metal.
|Larry Edelson at a gold dealership in Dubai. During gold’s great bull markets, Larry was among the world’s most avid gold bulls. But since gold peaked in 2011, he’s been the world’s number one gold bear.|
Quite to the contrary, Larry was an avid gold bull throughout most of the 1970s … turned strongly bullish again around the time gold touched bottom in 1999 … and stayed bullish throughout nearly all of its rise since.
Fourth — because it took a lot of courage. Among the thousands of gold investors who follow Larry’s every word, many seemed to expect that he’d play the role of cheerleader — much like other gold advocates do. When he failed to do so, they were disappointed, even angry.
He’s one of the few leading gold enthusiasts in the world who’s not forever looking for a bottom. Almost all others are.
To get just a small sampling of what I mean, Google the words “gold bottom.”
When I did so just a while ago, I got 399 million results, including countless examples of so-called “gold experts” calling for a bottom at almost every step down the slippery slope of the metal’s recent decline.
“Gold’s bottom in place,” said one on March 27, just before the metal fell out of bed.
“If this isn’t gold’s bottom, it’s close” said another two weeks earlier.
And fifth, because Larry put his money where his mouth is — selling and shorting gold when nearly everyone else was just looking to buy, buy, buy.
What to do now?
I recommend the following steps.
Step 1. If you haven’t done so already, be sure to read his Monday flash, “Urgent: Historic Gold Crash. What To Expect Next.”
Step 2. If you still have substantial gold holdings (despite all of Larry’s warnings) use any bounce in the market to hedge with the investments he recommended on April 3, in “Important Update on Gold and Silver.”
Step 3. Don’t get caught again without the very specific forecasts and investment instructions Larry regularly provides in his Real Wealth Report. To subscribe or renew, click here or call 800-291-8545.
Good luck and God bless!
P.S. Kudos also go to our …
- Safe Money Report editor Mike Larson for getting his subscribers out of nearly all their gold last year and into an inverse ETF that profits from falling commodities (including gold).
- All Weather Investor editor Doug Davenport for telling all his subscribers to buy the inverse gold ETF BEFORE the yellow metal crashed, helping them chalk up impressive gains from the decline.
- Plus, our entire Money and Markets team for their intellectual honesty and concern for our readers — staying ahead of the curve in this time of dramatic changes in nearly all markets.
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