
November saw the biggest monthly percentage gain in Gold futures in over nine years but this is just the beginning! Gold Mania is coming in 2009 and I believe Gold stocks will explode like you've never seen before!
From May of 2000 to June of 2003 with the dot-com bubble bursting, Greenspan lowered interest rates from 6.5% to 1% in an attempt to prop it up. While he was unsuccessful at reinflating the dot-com bubble, he did create the Real Estate bubble which prevented the severe recession we should've had back then.
From June of 2006 to today with the Real Estate bubble bursting, Bernanke lowered interest rates from 5.25% down to 1% again. With the next FED meeting, now a two-day meeting, taking place on December 15-16... it is likely we will see Bernanke lower rates to 1/2% or maybe even 0%!
Didn't they learn they can't reinflate a bubble ? This is pure insanity !
With Americans afraid to buy stocks after the dot-com bubble and now afraid to buy Real Estate... they are all hoarding Dollars. With Bernanke and Paulson committing to print trillions of Dollars like crazy to fund the U.S. Government's bailouts... everybody with Dollars is about to see a steep decline in their purchasing power.
Lebed.biz members saw this coming for years now... but the average American hasn't figured it out yet. The average American thinks these bailouts are a good thing and that Citigroup and AIG are "too big to fail".
There is soon going to be a run on the Dollar. With everybody rushing to dump their Dollars while trillions more are being printed... I believe the masses will purchase the only asset that will always retain its purchasing power... Gol .
I have been telling you to sell Real Estate and buy Gold since 2005 when Gold was approximately $400 per oz. Today at $820 per oz, Gold is only down slightly from its all time high of $1,032 that was set in March. I believe $2,000 per oz Gold is possible in 2009!