Gold hits a $1000 – how much did you own?

The momentum is moving hard and in full force for Gold prices to rise hard. I believe the $1000 mark was a resistance to breakthrough that will open the floodgates for higher prices through the end of the US recession we are in.

Realize this…most people who owned gold will be wondering if they should sell now, and many people foolishly they will. We could very well see a VERY LARGE (but temporary) pull back tomorrow on the price of gold bringing prices as low as $950 per ounce as fools take profits before the big run up really begins to happen. Hold on to what you have if you have any, and don’t be afraid to buy more now. It doesn’t take a whole lot for prices to make a move in either direction, but with the strong momentum gold has now it will be a great investment to have over the next 5 years.

Just in the last 6 years our US dollar has lost more than 30% of its value. Remember when a Snickers candy bar cost only 25 cents? It could very soon go to a dollar a bar. What this means is that Gold will be where the money will run too.

So what about silver? I personally think silver is a better investment than gold right now due to its shortage. There is very little silver left in the world, and it’s in mostly every electronic item made today. Put 2 and 2 together and you’ll see that the signs are all pointing to a huge run in silver one day and it will surpass gold in gains %.