“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.
Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.
You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.
Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “
