|
All should be moved by this dramatic picture. This is an actual photo of
currency traders in Sao Paulo, Brazil in early 1999.
Economic and monetary
crisis overwhelmed Brazil - as it did a few years later to Argentina...
and is a 'preview' of what the US may see during 2006.
The chart shows how
the Brazilian currency (called the "real") price of gold
soared nearly 80% in a two-week period in January 1999. I believe the US
dollar price rise of gold will be equally dramatic, violent and without
notice sometime next year.
Forgive the Chinese cliché,
"a picture is worth..."
http://www.gold-eagle.com/brazilgold.html
This Brazilian picture
will likely be replayed in a theater near you…in the not too distant
future. ....around the globe in all countries.
Consequently, one is
either on-board...or left at the station with a bag full of fiat paper,
wringing his hands and screaming his lungs out:
"I
KNEW I SHOULD HAVE BOUGHT GOLD!”
...will a similar
scenario play out in the remaining 7 months of this year?
Unfortunately,
by yearend many hapless investors will be crying in their beer,
mumbling, "I cudda, I wudda, I shudda...

© 2006 I. M. Vronsky
Editor & Partner, Gold-Eagle.com

Editorial Archive
|