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47 YEARS EXPERIENCE IN GOLD INVESTMENTS!If you’d like to deal with someone who has been personally invested in gold holdings for 47 years, this is the site! The owner of Golden Eagle Enterprises, Inc., Mr. Jack Weber, bought his first St. Gaudens Double Eagle gold coin in 1960. He began helping others invest into gold in 1966, after he came to the realization that God made gold, not Federal Reserve Notes. When Harry Browne (Libertarian Party presidential candidate and author of the N.Y. Times bestsellers: “How to Profit From the Coming Devaluation – 1970 and “You Can Profit From A Monetary Crisis” – 1974) noted Mr. Weber’s expertise in gold, he encouraged his readers to contact him. Thousands did and benefited immensely when Mr. Weber sold them out of their gold investments in January 1980, when gold was over $700/oz. Mr. Weber has participated in the daily trading of gold for over 37 years. He works alone, so you will pay no salesmen’s commissions if you chose to deal with him and his markup on coins is about half what other national firms charge. If you have a question that no one else has been able to answer, feel free to email him (button) and he will reply to you as quickly as possible. Otherwise, Mr. Weber assumes you have the necessary background to make the important decision to invest into gold coins. If not, read “WHY GOLD?”
January 2008 Newsletter2002 – Gold = $250/oz Dear Clients and Other Friends: Exactly 28 years ago I mailed all my clients a newsletter suggesting that although other “gold experts” were predicting an imminent rise in the gold price to $2,000/oz., it was my opinion that it was time to sell, since gold was rising more per day than the total price ($35/oz) was when (1966) I began placing their savings into gold investments. Gold was $625 the day I mailed those newsletters, and 20 days later, it topped out at $850 and began a 20 year bear market. Now, gold has finally exceeded that former all-time high and is sitting at $864, and here I am writing you to suggest that this present gold bull market is just getting under way (after 5 – 7 years since it was $250), and it’s time to be buying gold coins and stocks. Incidentally, the previous gold bull market lasted 10 years, from 1970 until 1980. I predict that this gold bull market will last more than a total of 10 years, and will far exceed the 1980 prediction of $2,000/oz. If you don’t wish to benefit from my 42 years of experience with gold investments, I hope you’ll benefit from the sage advice found in the following articles. GOLD AND SILVER - Green Flags! “Currencies in a number of countries are being inflated at double digit rates, while the gold supply can only be increased at about 1.6% per year. All the gold ever mined, piled up, would form a cube of less than 20 meters (and computes to less than one ounce per person – worldwide)r. Most of the gold in this hypothetical cube is in the form of jewelry. The driving force behind the current bull market in gold is the fact that fiat money is being created some twelve times faster than gold. In 1980, when gold topped out at 850.00, the US M3 money supply was 1.8 trillion dollars. Today gold is pegged at 800.00, but M3 is now 13 trillion dollars (www.nowandfutures.com). A ratio similar to 1980 puts the potential gold price at $5,600.00. “Following are just a few reasons why gold will rise:
EXIT 2007: DENIALS & TONTARIA “Gold is giving the wrong inflation signal, since the Consumer Price Index has yet to show any surge whatsoever. The rise in gold has no basis. What a crock! The most crucial of all economic indexes is the CPI, whose doctored numbers permit broad price inflation to be misrepresented as economic growth. Cost of living increases must be kept low for Social Security payments, for government pension payments, and for all manner of official statistics often reported after adjustment for price inflation. The export of inflation has been increasingly difficult recently, sure to be more difficult in 2008 after the global revolt against the USDollar and toxic bond export from Wall Street, not to mention trade war with China. When money supply is growing at 14% to 15% in the US and Europe, systemic price inflation must be immediately in its wake. IT IS! The Shadow Govt Statistics folks report a CPI without gimmicks over 10% steadily in monthly figures, more in touch with reality. They also report a GDP in reverse, as in minus 2.3% for 3Q2007 and running negative in almost every quarter since 2001. No no no! Gold is flashing a warning signal from unprecedented Western bank monetary inflation, the likes of which have never been seen in modern history. Gold is flashing a warning signal for banking system breakdown, even geopolitical global tensions. To be sure, some new money supplied to the system has gone to offset dying assets in bailouts. The rest spills into gold and crude oil and other materials. In 2008, gold will hit $1000 per ounce without the slightest exertion. After the banking panic, economic recession recognition, continued revolt against the US$, and utter desperation to seek remedy, gold will advance toward $2000 very quickly. “WE ARE WITNESSING THE SLOW MOTION MELTDOWN OF THE US$-BASED BANKING AND BOND SYSTEM, AND THE RISK MODEL ITSELF. THE GREENSPAN DESIGN OF ECONOMIC DEPENDENCE UPON HOUSING AND MORTGAGES FAILED. US FINANCIAL ENGINEERING THROUGH COCKEYED INNOVATION HAS FAILED MISERABLY. THE FLIGHT INTO GOLD WILL ACCELERATE IN BREATHTAKING FASHION IN 2008. BUT FOR 2007, THE SHILLS NEEDED TO PAINT A NICE PICTURE, AS WE RING OUT THE OLD YEAR. DO NOT BE FOOLED. THE YEAR 2007 WAS A TURNING POINT TOWARD CATASTROPHE. PROTECT YOURSELF WITH GOLD AND RELATED INVESTMENTS, AND FLEE FROM BONDS AND HOUSING. THE FASTEST ROUTE TO POVERTY IS EMBRACE OF USDOLLAR INSTRUMENTS AND US-BASED CREDIT INSTRUMENTS OF ALL KINDS, INCLUDING HOMES AND MORTGAGE BONDS.” (emphasis not added) GOLD AND A KONDRATIEFF WINTER “A Rising Gold price is a warning signal; casting doubt on every economy in which Gold is appreciating against its currency. I am convinced that inflation is far higher than reported, especially since money supply growth is currently growing at a 14% clip and has been doing so for more than 7 years. Moreover, the Debt/GDP ratio is now over 350% vs. the 270% peak prior to the 1929 Crash. To make matters worse, the 'fiscal deficits' of the Federal Government are so convoluted that their auditors have refused to sign off on its books for more than ten years. (emphasis added) “Just as most of today's financial market participants do not remember the last bull market in Gold, most are still not yet considering Gold as a sound investment. Adjusting Gold's all time high price for the, low-balled, US CPI figures, gives an inflation adjusted equivalent price well over US $2,000/oz. During the last phase (Wave 5) of the 1971-1980 Gold Bull Market, Gold rose 128% in less than three months to reach its all time high. “GOLD Where to now? In my opinion, we have just completed an Elliott Wave: Wave 4, diagonal triangle consolidation and any move to a new high will confirm my Wave 5 buy signal explosion to my target of between $925 to $1075 and this would only mark the end of Wave I with Up Waves III and V yet to come. At some point, I think that the rise in the price of Gold will lead to a rapid acceleration in demand, not only from Central Banks with large US dollar reserves, but also from Mutual Funds, Hedge Funds as well as from private investors. (In economic terms, Gold is deemed to be a Superior Good). This explosion in demand could be triggered when Gold blasts through its all-time high of US $850/oz or in response to an economic (Black Swan) event.“Gold is able to perform the role of the ultimate money due to the following:
“WHERE TO NOW? The most logical course of action is a wave of new credit and fiat monetary creation and a resultant rapid increase in inflation as Bernanke attempts to stave off the inevitable. We may (I repeat may) see one more rally to new highs as Wall St. will initially deem his moves to be favorable. But shortly thereafter, the Stock and Bond markets will crash as Gold begins to rocket skyward as FEAR sets in and combines with Greed. The Stock Market will lead the economy down. You may recall that, as I have often mentioned in my previous letters, there is nothing more powerful than a BULL MARKET IN GOLD which is fueled by both greed and fear! BUY GOLD on any $15 to $25 dips or on a break-out to new all time highs.” That “break-out” has now occurred – it’s time to buy!! Since it’s that time of year, I’ll share the 2007 results in gold and gold coins. Gold bullion went from $640 to $835, or 30.4%. The gold coins that I encouraged clients to buy last year were the Liberty Double Eagles in both MS63 and MS64 grades. They increased from $1,110 to $1,600 (44%) and $1,625 to $2,500 (54%) respectively. Not as good as I hoped, but certainly better than gold bullion. I fully believe that this year the best buys are the MS64 and MS65 St. Gaudens, and that they will do much better than the Liberty coins did last year. If you wish to benefit from this advice simply call me on my toll-free number (866-465-3496) and I’ll be pleased to assist you. I do hope you will call before gold exceeds the $1,000/oz level. Cordially, Jack Weber
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