Most Popular
1. Dow Max Drawdown Bear Stock Market 2022 - Accumulating Deviations from the Highs - 21st Feb 22
2.Putin Starts WW3 in Ukraine, Will Use Tactical Nuclear Weapons, China Prepares Taiwan Blitzkrieg - 28th Feb 22
3.World War 3 Phase 1 - Putin WINS Ukraine War! - 25th Feb 22
5.Will There Be A 2024 US Presidential Election? - 3rd Mar 22
6.Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22
7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22
8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22
9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22
10.M = F - Everything is Waving! Stock Market Forward Guidance - 7th Mar 22
Last 7 days
How Low Could the Amazon (AMZN) Stock Price Fall? - 19th May 22
Bitten by FANG? Clocked by Cryptos? -- 'Air Pockets' Everywhere - 19th May 22
Northern General Hospital Orthopedics Fractures and and Ankle Clinic Consultations Real Patient Experience - 19th May 22
Cathie Wood Goes All in on Teladoc, ARKK INSANE Noob Investing Strategy! - 17th May 22
This is Anything but Positive for US Housing Market - 17th May 22
What Should We Do If There Is No Fed Monetary Policy Pivot? - 17th May 22
All Possible Ways to Earn Free Litecoin - 17th May 22
How low Could the Amazon Stock Price Fall? - 16th May 22
Cathy Wood ARKK INSANITY There is NO Coming Back! - 16th May 22
NASDAQ 100 Stock Market LOWER LOWS & LOWER HIGH - 16th May 22
Sanctions, trade wars worsen US inflation - 16th May 22
AI Tech Stocks Earnings BloodBath Buying Opportunity - 14th May 22
Futures Contract – Trading Crude Oil With USO - 14th May 22
How to Get Kaspersky Internet Security for 80% Discount! Do not Pay Renewal Price! - 14th May 22
Sagittarius A* Super Massive Black Hole Monster at Centre of Our Galaxy REVEALED! - 14th May 22
UK Public Debt Smoking Inflation Gun - 13th May 22
What Happens When the Stock Market Dip Keeps Dipping? - 13th May 22
Biden Seeks Inflation Scapegoats; Gold Advocate Wins GOP Primary - 13th May 22
Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - 12th May 22
The War on Gold Ensures the Dollar’s Downfall - 12th May 22
Crypto Investors Stable Coins TERROR as Terra USD COLLAPSEs towards ZERO, Tether Next! - 11th May 22
The Dominant Investing Theme of the Decade - 11th May 22
Is Bitcoin Headed to Zero? - 11th May 22
RECESSION RISKS 2023 - 10th May 22
The Future of the Dollar Seems So Bright It’s Blinding Gold - 10th May 22
Take Advantage When Markets Succumb to Fear - 10th May 22
How to Recognize a Less\ Than Obvious Opportunity (In focus: Corn) - 10th May 22
How to Ensure Financial Stability for Your Family - 10th May 22
The Stocks Stealth BEAR Market - 9th May 22
A Strengthening US Dollar Is A Double-Edged Sword - 9th May 22
Making Wise Investment Decisions - 9th May 22
Ways to legalize a Moving Company - 9th May 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold Breaks New Record - Public Waking Up!

Commodities / Gold & Silver Feb 21, 2008 - 06:07 PM GMT

By: Brent_Harmes

Commodities Gold just broke to another all time high yesterday rising above $944 per ounce.

Gold Prices

Silver roared up with it to over $17.80.

Silver Prices

Compare this to stocks. Here is a chart of the Dow during the same time period.

Dow Industrial Average

And here are the companies in The Dow Jones Real Estate Index.

Real Estate

As Mike Maloney has been shouting from the rooftops: "This is not the time to be in stocks or non cash-flowing real estate. As investors we are in the rare situation where the safest investment (the investment that has been a valued form of wealth for over 5,000 years) is also the investment that history says will offer the greatest potential gains in the upcoming years."

Since this huge shift in the foundation of investing gold has increased 3.36 times and silver 4.24 times. The amazing thing is that history shows we are not even close to being done with this cycle.

His forecast? $6,000 gold and $600 silver by 2016. Nope, that was not a typo (and that is even using his conservative formula).

Sounds crazy right? But would you have guessed $900 gold was just around the corner when the price was less than $300? This same mentality happens in every bull market. People just can't believe that the investment that the cycle is favoring is going to keep going up until the investors all decide at once that it must be for real and then it becomes the "can't lose investment." This is when the public rushes into the investment that had been going up steadily and drives the price vertical. This happened in tech stocks in the late 1990's and more recently in real estate.

Of course if you look back even further you find history repeating itself yet again. In 1970 gold was $35 an ounce and in 1980 in had risen to $850 an ounce turning every $10,000 into over $230,000. Of course gold then went into its down cycle from 1980 to 2000 but the clock kept turning, as expected, and we are in the upwave precious metal cycle again. These cycles just repeat over and over and are one reason why some people are able to predict the correct investments to be in while others sit in yesterday's investment just hoping they will come back up.

As these precious metal prices hit record after record the general public start to wake up to this sector when they see it on the news night after night. These are the folks who really light a fire under an investment when they try to jump on it in increasing numbers. This period for the precious metals is just starting now.

By Brent Harmes

Subscribe or Manage Your Newsletter Subscription Here | Buy Gold and Silver Online

Copyright © 2008 Brent Harmes offers vault storage accounts at Brinks Security in Salt Lake City, Utah. The minimum investment required for vault storage account is 20 ounces of gold or 1,000 ounces of silver. For more information call us at: 702-799-9000

Disclaimer : All claims made by should be verified by the reader. Investing is not suitable for everyone and readers are urged to consult with their own independent financial advisors before making a decision. Past performance is not necessarily indicative of future results. will not be liable for any loss or damage caused by a reader's reliance on information obtained in any of our newsletters, special reports, email correspondence, or on our website. Our readers are solely responsible for their own investment decisions.

Brent Harmes Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


14 Nov 08, 00:21
A Precious Metal

I clearly insist the fact that Gold is the metal of hope. It is reaching pinnacle heights now. People are always fond of Gold. It is a amazing fact that Gold is spreading all over the world.



Post Comment

Only logged in users are allowed to post comments. Register/ Log in