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Three of the greatest investors I know are stocking up on gold

by , 02 May 2016

Gold is getting ready to soar. The volatile state of the local and international investment markets are playing directly into the precious metal's favour. I've done quite a bit of research on the gold price recently and what I've found is that no investor should be without gold right now...

Some of the best investment minds in the world expect the gold price to shoot as high as $10,000 an ounce in the next ten years. That's a phenomenal outlook in anyone's book.

Let me show you...

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3 solid gold reasons you should be buying now 
 
You don’t have to be an economics graduate to know that uncertainty breeds desire for gold. And for the first time since the global gold market began in 1974, we’re now facing a true and systematic threat to the world’s political and financial structure… 
 
1) Paper currencies are racing to devalue – with the US dollar leading the way! 
 
 2) The rush to ‘hard money’ has already begun! 
 
3) Demand for gold is exploding… but there will be supply bottlenecks next year and beyond…
 
 
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Three reasons why you must own gold today... 

Porter Stansberry, founder and publisher of Stansberry & Associates Investment Research says, "Many investors believe gold is a hedge against inflation but that's not the real secret of gold. The real purpose of gold is to hedge against government hubris. It will help protect you from the storms that are to come.”
 
Peter Schiff, founder and CEO of Euro Pacific Capital, confirmed his unwavering confidence in a very bullish outlook for the yellow metal: “Gold is going to go to $5,000 … I’ve had that target in mind for some time … Normally markets take the stairs up and the elevator down. Well, I think that gold is going to take a rocket ship back up.”

Jim Rickards, economist and best-selling author of Currency Wars, says that his target price for gold is in the range of $7,000 to $9,000 per ounce: “That’s not something that will happen straightaway, but it’s not a 10-year forecast either. It’s a three- to five-year forecast, for the price to rise by about five to six times.”
 
Even if their forecasts are half right, in the next five years you could see gold increase to at least $3,000 an ounce.
 
If you don’t know what type of gold to get your hands on, I’ve recently written about investing in gold in the South African Investor, FSPInvest’s flagship investment publication. Joshua Benton also recently updated, How to Make Money from Gold - Everything you need to know about cashing in on today’s hottest bull market.




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