FSO Editorials

I Knew I Should Have Bought Gold

by I. M. Vronsky, Editor-in-Chief, Gold-Eagle.com. June 4, 2006

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?

i knew i should have bought gold

Unfortunately, by yearend many hapless investors will be crying in their beer, mumbling, "I cudda, I wudda, I shudda...

I. M. Vronsky started one of the first gold internet sites in 1997 -- way ahead of the pack. Many have copied, but few can compete with Gold-Eagle.com for metals market insight, charts, editorials, and a premier Forum.

Contact Information

I. M. Vronsky | Editor-in-Chief, Gold-Eagle.com | Email