part 2
The Koran Says: "Buy Gold!"
One of the main pillars of the Islamic faith is the observance of Zakat, which dictates that Muslims must give at least 2 1/2 % of their income to the poor. And get this: Zakat can only be paid with REAL MONEY! That means that Zakat cannot be paid with a PROMISE to pay, which is what a U.S. Dollar is!
The Gold Dinar meets a religious need in Islam! The dollar does not! Religious leaders are now pushing Muslims to use the gold dinar. As you can imagine, religious pressure can be extremely persuasive. And this one single fact could drive Muslims to drop dollars and buy Gold Dinars.
1.5 Billion Muslims...Dumping Dollars for Gold
Let's consider the effects on gold -- and the broader financial markets -- as Muslims start to unload their U.S. dollar reserves to buy Gold Dinars. There are approximately 1.5 billion Muslims worldwide. AND there is a limited supply of gold in the world.
So, as the demand for gold increases, and as the available supply starts to dwindle... the price of gold will soar!
And we're already seeing this happen. Listen to this:
Gold hit about $850 per ounce back in 1980. It then entered a 19-year bear market... and the price of gold dropped to about $250 per ounce...
BUT: Since the launch of the Gold Dinar on Nov. 7, 2001, the price of gold has SOARED to an 8-year record high of over $410 per ounce... while the U.S. dollar has dropped to a record low against the euro!
The United States is experiencing the worst trade deficit in history... and the largest budget deficit as well. A weaker dollar would allow the United States to compete internationally by providing cheaper goods, which would help reduce the trade deficit. And it would also help the economy, boost job creation, reduce deflationary pressures and ease the debt burden by cheapening the dollars owed.
These factors are all a political positive from a U.S. perspective, and with an election coming up in 2004, the dollar is going to continue to drop... while gold continues to rise.
And here's another reason gold prices are going to take off...
In 2002, the Shanghai Gold Exchange opened and started free trade in gold for the first time in China's history. And even more recently, China legalized gold investment by private citizens!
Considering the high savings rate in China, gold is a logical investment. And the demand for gold is soaring in China!
It's estimated that the equivalent of $36 billion in Chinese private investment could move into gold in coming years. Plus, the Chinese government is moving to increase its low 2% gold reserves. If these predictions come to pass, China alone will consume 40% of the world's entire gold production for years to come.
The Japanese are piling into gold as well... because their banks are being crushed under the weight of roughly half a TRILLION DOLLARS of bad debts!
All of this points to a rapidly increasing demand for gold... a demand that will send gold prices to historic high... and turn a handful of early investors into overnight millionaires!
And Here's the Kicker...
As I said before, there's a limited supply of gold in the world. In fact, if you gathered up all the gold that has ever been discovered, you could fit it to ALL in a very large room!
So, as the demand for gold rises -- and the available supply shrinks -- panic will strike as people scramble desperately to buy gold.
Just imagine the hysteria that will occur when Muslim countries start to demand gold as payment for oil! People worldwide would rush to move out of U.S. dollars... and into gold!
But unfortunately, there won't be any gold left!
The BBC Reports That al Qaeda Is Already Buying Gold!
Al Qaeda is already stocking up on gold. And why wouldn't they? The more gold they have... the less available for the United States. And I can assure you: When Wall Street finds out what is going on... they will STORM the gold market... looking to buy every bit of gold they can find.
Please understand: An astronomical rise in gold is under way! Since the launch of the Gold Dinar in November 2001, gold prices have risen over 40%... and are hitting 8-year highs!
But it's only the beginning!
I believe we are at the very early stages of an epic gold bull market -- the sort of bull market that most investors have never seen. It's been more than three decades since gold soared 2,200% from $35 an ounce in 1971 to a peak of more than $800 in the early 1980s.
The coming year could put those gains to shame as gold demand escalates worldwide... And if you get in early... you could literally join the mega-wealthy practically overnight!
So... WHAT is the best way to buy gold?
WARNING: Not All Gold Is Equal!
I grew up around gold.
In fact, my father was the famous gold bug C.V. Myers. I was by his side in the 1970s when he told investors to buy gold at $35 per ounce... and then watched as gold jumped to over $800 per ounce...
People who listened made millions!
But despite the incredible profits people made in the 1970s, I have NEVER seen a better opportunity to profit from gold than the one which exists... right now!
My name is John Myers, and I'm the editor of Outstanding Investments, an investment advisory bulletin specializing in natural resources. Things like oil... natural gas... water... and, of course, gold.
We cover the world, digging for profit opportunities that Wall Street has no clue about. In fact, when Wall Street finally does shows up, we're already there waiting for them to drive our profits into the stratosphere!
A
Over the last few years, we've seen gains of:
332% on Glamis Gold!
151% on Wheaton River Minerals!
158% on Tocqueville Gold!
The list goes on and on! Just take a look at some of our current portfolio holdings:
American Century Global, up 245%!
Coeur d'Alene Mines, up 260%!
Atacama Minerals, up 75%!
Harmony Gold, up 200%!
Newmont Mining, up 140%!
Cameco Corp., up 125%!
Anglo American PLC, up 110%!
As you can imagine, many of my Outstanding Investment readers are very happy. In fact, some of them are getting flat-out rich!
http://www.agora-inc.com/reports/OST/daggerDR/