Gold $1000 Is Already Here

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  1. The Dodo bird, native to Mauritius, was approximately 20kg in weight, and very friendly. Human beings and our domestic animals wiped it out. The Dodo bird was famous for proving that humans could cause extinction.
  2. Click here now to view what is becoming the gold market’s version of the Dodo bird. As with the bird on Mauritius, the cause of extinction is human beings. In the gold community, you are now watching greed turn to fear, in a very big way.
  3. Mark Hulbert apparently reported a week ago that 99.7% of gold timer money has come out of gold and gold stocks, and, incredibly, it seems he made that report before the enormous selling frenzy took place last Wednesday and Thursday! I believe that his numbers now likely show the average gold timer is short gold.
  4. For all practical intents and purposes, is there is anyone left with gold to sell, to drive prices lower, that hasn’t sold already?
  5. Many investors think gold is going down to around $1400, and then to $1000, and they plan to buy at those prices. Then gold will rise to new highs, making them happy.
  6. Perhaps that will occur, but perhaps at gold $1000, numbers like $300 and $400 an ounce will be discussed very seriously by the pundits, creating even greater levels of fear amongst amateur investors.
  7. I don’t believe that most amateur investors are capable of buying into the kind of “get it cheap later” scenarios they are now painting for themselves, because they have not properly thought about the kind of news flow that will be occurring at those lower prices.
  8. Are you really capable of buying into a situation like the lows of 2008? I know what it feels like to do so, and it is nothing like the picture that most gold investors are fantasizing about now.
  9. If gold does go to $1000, panic selling will be the theme, with most investors absolutely sure that gold is going to $680, which it might well do, if we go to $1000. If you can’t handle the fear present when buying $1550, I would argue there is no way on this earth that you will handle buying the exponentially greater fear and demoralization that would be present if gold $1000 were to occur.
  10. There is only today, not tomorrow, and today gold, silver, and gold stock are on sale, in an environment of great negativity. Get into the groove of a buyer’s mindset. Talk of “cheaper later” is really just placing a veil on fear, your fear, and will produce no wealth.
  11. The “banksters” are buying almost everything sold by the leveraged speculators on the comex. Think very hard about their action. Compare it to all the “you’ll get it cheaper, later, I promise” talk that is now coming from most gold analysts.
  12. Gold is the world’s lowest risk investment, today, not just at gold $1400. The banksters, Indian, Chinese, and Mid-East physical buyers are laughing at your unfounded fears, as they buy. Remember when the Dow was a buy “forever” in 1999? When it really did go on sale, how many of the buyers of “Dow forever” stepped up to the on-sale plate and actually bought even one share of Dow stock?

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