Somewhat along the same lines, an add I jsut recieved(I have no connection with this company):
(For an HTML Version of this email with graphs and photos, click here
coinzine.com
Dear Friends of Austin Rare Coins:
We find ourselves less than 4 months from a new millennium. Every day, Y2K
anxiety is building as no one knows for sure what will happen when clocks
strike midnight on January 1, 2000. What every investor must do now is
act prudently, prepare for the worst- then hope for the best.
From an investment perspective, the wild roller coaster ride in stocks
continues on both the Nasdaq and Dow. Many under-50 investors who've
never experienced a stock market crash have an overwhelming desire to ride
out the wave of selling and wait for the prices to go up, up, up forever.
But suddenly, the Federal Reserve reminds us that inflation is everywhere!
Prices are going up in the grocery stores, at the gas pump and most notably
in highly inflated stock prices. Interest rates are going up and we see
analysts are moving to a more cautious position. Sentiment is changing
from bullish to worried, from extreme optimism to high volatility.
Coming in October- dreaded Black Tuesdays when most major U.S. Stock Market
crashes have hit investors unexpectedly. This is obviously the most
difficult environment to predictably/successfully trade stocks.
Unless we learn from past mistakes, we are condemned to repeat them. As I
look at today's marketplace, where credit is very loose and society is as
affluent as ever, I cannot help but notice the similarities between 1999
and 1929. In a few days, the Roaring 20's became the Great Depression
that gripped our country and the world for decades.
Click here to see the surprising graph of "The Dow-Then and Now" which
shows how closely the rise in stocks in 1999 has paralleled the 1929 crash.
If this graph worries you, like it does me, I would remind you that there's
still time to protect yourself by diversifying your portfolio now with
precious metals.
Whether you're looking to the gold market for security or profits, this is
the time to act. For the Dow or Nasdaq to increase 20% in the next year
seems extremely unlikely to us. However, a 20% increase in the price of
gold from $260/oz. to over $310 is very reasonable and perhaps long overdue.
Keep this in mind- what fuels the gold market may not be what actually
happens with Y2K, but the public's perception of what could happen. The
next bull market in gold may be FEAR-DRIVEN. Today, gold is very
inexpensive- it hovers near 20-year lows. Common sense says to buy low
and sell high. But, we sometimes hear prospective clients say, "Yeah,
gold is pretty cheap, but I'm going to wait and see how it goes and what
happens with Y2K." In the long run, whether or not you secure gold at
$245 an ounce or $260 an ounce- may not really matter. It's the privacy,
safety, security, and insurance gold provides today that is important.
Balancing and diversifying your portfolio with a long-term approach to
gold is the key. You need to act now to protect the wealth you've worked
so hard to build. If you wait until stocks really take a hit like in
October of 1929 or October of 1987, you'll be frozen in the headlights.
Doing nothing now could prove to be a big mistake.
Today, we're very bullish on gold in the long haul. And based on the
absolutely overwhelming demand we've seen this year, we feel demand could
overcome supply in coming weeks. The proof is that world mints are having
trouble producing enough gold coins to fill the Y2K demand. In fact, the
U.S. Mint distributors raised American Eagle gold prices 2% in recent weeks.
Once the gold market begins to move, it will be like trying to catch a
runaway train! If the past is any indication, back in May of 1979 gold
traded for $262 per ounce. Over the next 6 months, gold rose to $850/ounce.
Timing is everything in this strange and volatile market.
Frankly, we can't predict what's going to happen with Y2K in the weeks
ahead. But we've prepared our fulfillment departments to double our gold
shipments before the year's end. At this moment in history, our best
advice is "Don't wait for gold to move before you buy- act immediately."
Our in-house Certified Financial Planner is recommending you take a prudent
approach. Take some profits from the stock market now and secure them in
precious metals. Gold is cheap! It's historically a bargain to own at
today's $260 level. By holding 10% to 20% of your assets in gold now,
you have superb potential to the upside and the least downside risk in
20 years. You simply can't say that about many U.S. stocks you own today.
In the weeks ahead, we may see sharp upward gold spikes driven by Y2K
panics. Any fresh, new demand by the millions of people who are waiting
until the last minute, could overwhelm the gold supply. We expect our
supply of Euro-gold coins to dry-up completely along with the important
privacy and non-reportable benefits.
One final note: Even if gold doesn't rally past $300 an ounce, you must
keep in mind why you're buying gold to begin with- as an insurance policy
against the high risks and volatility in the stock market due to Y2K.
You are buying gold protection to cover your other assets. You can only
hope and pray that you will never need your gold in a Y2K panic. No one
wants to stand in line to buy groceries with gold coins. Nobody wants to
see a run on banks like we saw during the Great Depression. No one wants
to suffer a wipeout in the stock market.
Thankfully, for centuries gold has been the one asset you could count on
during stock market crashes, financial panics, and troubled times. Many
people have literally saved their lives having a few gold coins stashed
away for a rainy day. If you lock-in 10% to 20% of your assets into gold
now, you can sleep better at night knowing your "nest egg" is hoarded away
in private gold regardless of what happens with Y2K. If you've already
put away some gold, we recommend you finish diversifying your portfolio now.
Ideally, your family can be protected with even a small amount of gold-
provided you own gold that's completely private, gold whose sales are
non-reportable to the I.R.S., and gold that's selling for less per ounce
than comparable sizes of modern issue gold. For portfolios of $15,000 to
$100,000, we would like to discuss this personally with you to show you
how to further diversify into your portfolio. We highly recommend the
following $5,000 Euro-Gold "Y2K Survival Package" for your consideration:
20 - Swiss Gold Helvetias (.1867 oz.)
30 - French Gold Roosters BU condition (.1867 oz.)
60 - Austrian 1 Ducats (.1106 oz.)
Private, Non-Reportable to I.R.S.
(See Euro Gold Report at austincoins.com
In recent weeks, we've been building balanced and diversified portfolios
ranging from $5,000 to $250,000 for our clients. During these trying times,
we urge you to be prudent. Use common sense. Don't panic. Consider the
risks and rewards carefully. Most importantly, act early while you are
still in control and have time to respond.
Sincerely yours,
Michael Byrd
President
Austin Rare Coins
P.S. Our Gold Specialists are available to answer all your questions about
gold and advise you further at 1-800-928-6468. Please feel free to call
from 9am till 9pm to place your reservations before our short supply of
Euro-gold is totally exhausted.
Associated Links
Today's Best Gold Buys - austincoins.com
Y2K Update - coinzine.com
Austin Rare Coins - austincoins.com
(*Prices based on spot gold at $255.10 - call for today's price.) |
