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Why Own Gold?
Because it is rare. How rare is gold? If you gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about eighteen yards across! That's all the gold owned by every government on earth, plus all the gold in private hands, all the gold in electronics, in coins and from bars. It's everything that exists above ground now, or since man learned to extract the metal from the earth. All of it can fit into one block the size of a single house. It would weight 91,000 tons - less than the amount of steel made around the world in an hour. That's rare. -- Daniel M. Kehrer
Buy gold online - quickly, safely and at low prices
The Great Gold Rush Has Begun. Again !!
The first great gold rush began in 1971...
gold prices ran from $35 to over $700, a twentyfold rise!
A decade later, prices settled near $300,
nearly a tenfold increase!
THE SECOND GREAT GOLD RUSH, Phase One began in 2001....
gold prices have run from $275 to over $675 -
(25% growth/year!)
That's not bad, but this is still just the warm up phase!
THE SECOND GREAT GOLD RUSH, Phase Two begins in 2007...
gold prices are expected to climb above $750 this year!
If gold prices rise twenty fold from $275 -
that's a $5,500 peak price
with gold settling near $2,750 -
a tenfold increase and 400% higher than today's price.
Good news! You're not too late.
Bull markets in commodities run 15 to 23 years on average. Problem is this. You only have to look at a few past historical charts to see that in the last 2-3 years some of the bigger names in mining have gone from under a dollar to well over $5.00-$10.00 plus. Sure a lot of these stocks have sold down a bit over the past while but most have bottomed out and are heading back up. It's only a matter of time and any junior mining company that has any value at all will be out of reach. Whereas there are scads of penny mining stocks that are just that. Pennies.
Gold and gold shares are tied to the US dollar. When the dollar goes down in value, investors seek safety for their money and buy gold. Also with global termoil in the world affairs gold also shines. These conditions influence the price of gold and in most cases has influence on the price of gold shares.
Secondly, countries like China and India are litterly booming. These countries are seeing unpresidented growth. China alone with over 1 billion people has a huge need for base metals such as copper, zinc, nickle and iron ores. Not to mention the millions of tons of coal and oil. All these commodities serve well for the junior mining companies and the penny mining stocks. And these conditions can be a golden opportunity for anyone who wishes to take part in the trading of penny mining stocks.
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